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

Credo Reports Q1 Fiscal 2027 Revenue of $479.0 Million, Up 114.7% Year Over Year

Positive Impact 3 of 5 earnings Written later

Credo Technology Group reported first-quarter fiscal 2027 revenue of $479.0 million, up 114.7% from a year earlier and 9.6% from the prior quarter. GAAP net income was $129.4 million, or $0.67 per diluted share, down from $169.1 million in the prior quarter but up from $63.4 million a year earlier. The company guided second-quarter revenue to $525 million to $535 million.

Key points

  • Q1 fiscal 2027 revenue was $479.0 million, up 114.7% year over year and 9.6% quarter over quarter.
  • GAAP diluted EPS was $0.67, compared with $0.88 in the prior quarter and $0.34 a year earlier; non-GAAP diluted EPS was $1.20, compared with $1.16 in the prior quarter.
  • Q2 fiscal 2027 outlook calls for revenue of $525 million to $535 million and non-GAAP gross margin of 67.0% to 69.0%.
  • Ending cash and short-term investments totaled $764.3 million as of August 1, 2026.

The filing

CompanyCredo Technology Group Holding Ltd (CRDO)
Form8-K, current report
Filed with the SECSep 1, 2026, 4:08 PM ET
Accession number0001628280-26-059795

Items reported: 2.02 Results of Operations

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 September 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.