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AI brief of an SEC Form 8-K · Credo Technology Group Holding Ltd (CRDO)

Credo reports fiscal 2026 revenue of $1.3 billion; CEO gets special performance award

Positive Impact 4 of 5 earnings Written later

Credo reported fourth-quarter and fiscal 2026 results, with quarterly revenue of $437.0 million and full-year revenue of $1.3 billion, and guided first-quarter fiscal 2027 revenue to $465.0 million to $475.0 million. The same filing disclosed a one-time performance-based equity award for CEO William Brennan that vests only if revenue and stock price targets are met over a five-year period ending June 30, 2031.

Key points

  • Q4 fiscal 2026 revenue of $437.0 million rose 157.0% year over year and 7.4% quarter over quarter; GAAP diluted net income per share was $0.88, versus $0.20 a year earlier.
  • Fiscal 2026 revenue was $1.3 billion, compared with $436.8 million in fiscal 2025; GAAP net income was $472.3 million, versus $52.2 million.
  • First-quarter fiscal 2027 revenue is expected to be between $465.0 million and $475.0 million.
  • On May 28, 2026, the board approved special PSUs for CEO William Brennan: six tranches of 239,500 shares each, tied to revenue goals from $2.5 billion to $7.5 billion and stock price goals from $244.70 to $489.40.

The filing

CompanyCredo Technology Group Holding Ltd (CRDO)
Form8-K, current report
Filed with the SECJun 1, 2026, 4:08 PM ET
Accession number0001628280-26-039474

Items reported: 2.02 Results of Operations5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 01, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.