Credo Technology Group Financial Statements
NASDAQ: CRDOTechnologySemiconductorsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Credo Technology Group revenue and earnings
In fiscal 2026, Credo Technology Group generated $1.34 billion in revenue, up 205.7% from fiscal 2025, its 6th consecutive year of revenue growth. Net income was $472.3 million (+805.0% year over year), for a net margin of 35.4% versus a median of -14.7% in the prior 5 years. Gross margin was 68.0% (up from 64.8%) and operating margin 33.3%.
Diluted earnings per share came in at $2.51, up from $0.29. Over the last 5 fiscal years, CRDO's revenue has grown at a 86.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Credo Technology Group income statement (annual)
| Fiscal year (USD) | FY 20262026-05-02 | FY 20252025-05-03 | FY 20242024-04-27 | FY 20232023-04-29 | FY 20222022-04-30 | FY 20212021-04-30 | FY 20202020-04-30 |
|---|---|---|---|---|---|---|---|
| Revenue | 1.34B | 436.77M | 192.97M | 184.19M | 106.48M | 58.70M | 53.84M |
| Revenue growth (YoY) | +205.68% | +126.34% | +4.76% | +72.99% | +81.40% | +9.03% | — |
| Cost of Revenue | 426.77M | 153.87M | 73.54M | 78.00M | 42.46M | 20.42M | 7.73M |
| Gross Profit | 908.35M | 282.91M | 119.43M | 106.19M | 64.02M | 38.28M | 46.11M |
| Operating Expenses | 463.34M | 245.78M | 156.49M | 127.43M | 85.98M | 63.51M | 44.03M |
| Research & Development | 279.38M | 146.87M | 96.30M | 76.77M | 47.95M | 34.84M | 27.56M |
| Selling, General & Admin | 183.96M | 98.92M | 60.19M | 48.25M | 34.90M | 28.67M | 16.47M |
| Operating Income | 445.00M | 37.12M | -37.06M | -21.23M | -21.97M | -25.23M | 2.07M |
| Other Income (Expense) | 30.43M | 17.75M | 14.31M | 3.32M | -245.00K | -62.00K | 24.00K |
| Pretax Income | 475.44M | 54.87M | -22.75M | -17.91M | -22.21M | -25.30M | 2.10M |
| Income Tax | 3.16M | 2.69M | 5.62M | -1.37M | -37.00K | 2.21M | 766.00K |
| Net Income | 472.28M | 52.18M | -28.37M | -16.55M | -22.18M | -27.51M | 1.33M |
| Net Income growth (YoY) | +805.04% | — | — | — | — | -2170.05% | — |
| EPS (Basic) | 2.65 | 0.31 | -0.18 | -0.11 | -0.25 | -0.40 | 0.00 |
| EPS (Diluted) | 2.51 | 0.29 | -0.18 | -0.11 | -0.25 | -0.40 | 0.00 |
| Shares Outstanding (Basic) | 178.54M | 167.50M | 155.09M | 146.56M | 88.40M | 69.10M | 71.73M |
| Shares Outstanding (Diluted) | 188.23M | 181.16M | 155.09M | 146.56M | 88.40M | 69.10M | 71.73M |
| EBITDA | 479.64M | 59.06M | -23.29M | -11.72M | -17.18M | -23.02M | 3.88M |
| Gross Margin | 68.04% | 64.77% | 61.89% | 57.65% | 60.12% | 65.21% | 85.64% |
| Operating Margin | 33.33% | 8.50% | -19.20% | -11.53% | -20.63% | -42.99% | 3.85% |
| Net Margin | 35.37% | 11.95% | -14.70% | -8.98% | -20.83% | -46.87% | 2.47% |
This table shows 7 annual periods of Credo Technology Group's income statement, from FY 2026 back to FY 2020, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow CRDO's reporting calendar. What is a income statement?