Credo Technology Group Quarterly Income Statement
NASDAQ: CRDOTechnologySemiconductorsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Credo Technology Group revenue and earnings
In the quarter ended Aug 1, 2026, Credo Technology Group generated $479.0 million in revenue, up 114.7% from the same quarter a year earlier. Net income was $129.4 million (+104.1% year over year), for a net margin of 27.0% versus a median of 30.8% in the prior 5 quarters. Gross margin was 64.5% (down from 67.4%) and operating margin 25.2%.
Diluted earnings per share came in at $0.67, up from $0.34.
Summary generated from market data by MetaCap's automated system. Methodology
Credo Technology Group income statement (quarterly)
| Quarter (USD) | Q1 20272026-08-01 | Q4 20262026-05-02 | Q3 20262026-01-31 | Q2 20262025-11-01 | Q1 20262025-08-02 | Q4 20252025-05-03 | Q3 20252025-02-01 | Q2 20252024-11-02 | Q1 20252024-08-03 | Q4 20242024-04-27 | Q3 20242024-01-27 | Q2 20242023-10-28 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 479.00M | 437.00M | 407.01M | 268.03M | 223.07M | 170.03M | 135.00M | 72.03M | 59.71M | 60.78M | 53.06M | 44.03M |
| Revenue growth (YoY) | +114.73% | +157.02% | +201.49% | +272.08% | +273.57% | +179.73% | +154.44% | +63.58% | +70.15% | +89.42% | -2.23% | -14.28% |
| Cost of Revenue | 169.92M | 138.94M | 128.14M | 86.98M | 72.71M | 55.84M | 49.08M | 26.52M | 22.43M | 20.82M | 20.50M | 17.92M |
| Gross Profit | 309.08M | 298.07M | 278.87M | 181.05M | 150.37M | 114.19M | 85.93M | 45.51M | 37.28M | 39.97M | 32.56M | 26.12M |
| Operating Expenses | 188.38M | 142.22M | 129.25M | 102.25M | 89.63M | 80.40M | 59.73M | 53.92M | 51.73M | 47.85M | 38.47M | 34.99M |
| Research & Development | 114.52M | 90.53M | 78.48M | 57.92M | 52.45M | 48.45M | 36.26M | 31.74M | 30.41M | 27.69M | 24.24M | 21.74M |
| Selling, General & Admin | 73.86M | 51.69M | 50.76M | 44.33M | 37.18M | 31.95M | 23.47M | 22.18M | 21.32M | 20.16M | 14.23M | 13.26M |
| Operating Income | 120.70M | 155.84M | 149.62M | 78.80M | 60.74M | 33.79M | 26.19M | -8.41M | -14.45M | -7.88M | -5.91M | -8.88M |
| Other Income (Expense) | 8.14M | 12.14M | 9.46M | 4.89M | 3.95M | 3.82M | 3.92M | 4.47M | 5.53M | 5.16M | 4.29M | 2.70M |
| Pretax Income | 128.84M | 167.98M | 159.08M | 83.69M | 64.69M | 37.61M | 30.11M | -3.93M | -8.92M | -2.72M | -1.62M | -6.17M |
| Income Tax | -585.00K | -1.12M | 1.94M | 1.05M | 1.29M | 1.02M | 752.00K | 292.00K | 622.00K | 7.76M | -2.05M | 450.00K |
| Net Income | 129.43M | 169.10M | 157.14M | 82.64M | 63.40M | 36.59M | 29.36M | -4.22M | -9.54M | -10.48M | 428.00K | -6.62M |
| Net Income growth (YoY) | +104.14% | +362.18% | +435.22% | — | — | — | +6759.81% | — | — | — | -84.84% | — |
| EPS (Basic) | 0.70 | 0.95 | 0.86 | 0.47 | 0.37 | 0.23 | 0.17 | -0.03 | -0.06 | -0.06 | 0.00 | -0.04 |
| EPS (Diluted) | 0.67 | 0.91 | 0.82 | 0.44 | 0.34 | 0.22 | 0.16 | -0.03 | -0.06 | -0.06 | 0.00 | -0.04 |
| Shares Outstanding (Basic) | 186.01M | — | 182.22M | 175.31M | 171.93M | — | 168.17M | 166.49M | 165.14M | — | 157.16M | 150.23M |
| Shares Outstanding (Diluted) | 194.38M | — | 192.02M | 187.66M | 184.58M | — | 182.46M | 166.49M | 165.14M | — | 167.16M | 150.23M |
| EBITDA | 129.31M | 171.70M | 156.32M | 85.30M | 66.20M | 41.45M | 31.29M | -3.41M | -10.22M | -4.20M | -2.51M | -5.17M |
| Gross Margin | 64.53% | 68.21% | 68.52% | 67.55% | 67.41% | 67.16% | 63.65% | 63.18% | 62.44% | 65.75% | 61.36% | 59.31% |
| Operating Margin | 25.20% | 35.66% | 36.76% | 29.40% | 27.23% | 19.87% | 19.40% | -11.67% | -24.20% | -12.97% | -11.14% | -20.15% |
| Net Margin | 27.02% | 38.70% | 38.61% | 30.83% | 28.42% | 21.52% | 21.75% | -5.87% | -15.98% | -17.24% | 81.00% | -15.04% |
This table shows 12 quarterly periods of Credo Technology Group's income statement, from Q1 2027 back to Q2 2024, 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?