Quarterly ResultJun 1, 2026, 04:08 PM
Credo FY26 Revenue Triples to $1.3B; CEO Awarded Performance Equity
AI Summary
Credo Technology Group Holding Ltd announced strong financial results for its fiscal year ended May 2, 2026, with revenue tripling to $1.3 billion and non-GAAP net income increasing over fivefold to $662 million. The company reported Q4 FY26 revenue of $437.0 million, up 157.0% year-over-year. Looking ahead, Credo anticipates Q1 FY27 revenue between $465.0 million and $475.0 million. Additionally, CEO William Brennan was granted a significant performance-based equity award tied to ambitious revenue and stock price targets over the next five years.
Key Highlights
- Credo Technology Group Holding Ltd reported Q4 FY26 revenue of $437.0 million, a 7.4% increase QoQ and 157.0% YoY.
- Full fiscal year 2026 revenue reached $1.3 billion, more than tripling from the previous year.
- Non-GAAP net income for FY26 was $662 million, an increase of over five times.
- The company expects Q1 FY27 revenue to be between $465.0 million and $475.0 million.
- CEO William Brennan awarded special performance-based restricted stock units tied to revenue and stock price goals over five years.
- FY26 GAAP net income was $472.3 million, with diluted EPS of $2.51.
- Ending cash and short-term investments balance stood at $1.4 billion as of May 2, 2026.
Price Impact
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