Credo Technology Group Holding LtdCRDOEarnings & Financial Report
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CRDO Q2 FY2026 Key Financial Metrics
Revenue
$268.0M
Gross Profit
$181.0M
Operating Profit
$78.8M
Net Profit
$82.6M
Gross Margin
67.5%
Operating Margin
29.4%
Net Margin
30.8%
YoY Growth
272.1%
EPS
$0.44
Credo Technology Group Holding Ltd Q2 FY2026 Financial Summary
Credo Technology Group Holding Ltd reported revenue of $268.0M (up 272.1% YoY) for Q2 FY2026, with a net profit of $82.6M (up 2055.9% YoY) (30.8% margin). Cost of goods sold was $87.0M, operating expenses totaled $102.3M.
Key Financial Metrics
| Total Revenue | $268.0M |
|---|---|
| Net Profit | $82.6M |
| Gross Margin | 67.5% |
| Operating Margin | 29.4% |
| Report Period | Q2 FY2026 |
Revenue Breakdown
Credo Technology Group Holding Ltd Q2 FY2026 revenue of $268.0M breaks down across 3 segments, led by Other at $132.1M (49.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $132.1M | 49.3% |
| HK | $104.4M | 38.9% |
| RESTOFTHEWORLD | $31.5M | 11.8% |
Credo Technology Group Holding Ltd Revenue by Segment — Quarterly Trend
Credo Technology Group Holding Ltd revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and HK) has evolved quarter over quarter.
| Segment | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Other | $132.1M | — | — | $3.0M |
| HK | $104.4M | — | — | — |
| RESTOFTHEWORLD | $31.5M | — | — | — |
Credo Technology Group Holding Ltd Annual Revenue by Year
Credo Technology Group Holding Ltd annual revenue history includes year-by-year totals (for example, 2025 revenue was $436.8M).
Credo Technology Group Holding Ltd Quarterly Revenue & Net Profit History
Credo Technology Group Holding Ltd results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $268.0M | +272.1% | $82.6M | 30.8% |
| Q1 FY2026 | $223.1M | +273.6% | $63.4M | 28.4% |
| Q4 FY2025 | $170.0M | +25.9% | $36.6M | 21.5% |
| Q3 FY2025 | $135.0M | +122.1% | $29.4M | 21.7% |
| Q2 FY2025 | $72.0M | +35.8% | $-4.2M | -5.9% |
| Q1 FY2025 | $59.7M | +35.6% | $-9.5M | -16.0% |
| Q4 FY2024 | $60.8M | +89.4% | $-10.5M | -17.2% |
| Q3 FY2024 | $53.1M | -2.2% | $428.0K | 0.8% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $53.1M | $60.8M | $59.7M | $72.0M | $135.0M | $170.0M | $223.1M | $268.0M |
| YoY Growth | -2.2% | 89.4% | 35.6% | 35.8% | 122.1% | 25.9% | 273.6% | 272.1% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $592.5M | $601.9M | $644.9M | $638.6M | $719.9M | $809.3M | $905.2M | $1.45B |
| Liabilities | $58.5M | $61.7M | $91.8M | $70.6M | $101.7M | $127.7M | $123.8M | $163.2M |
| Equity | $534.0M | $540.2M | $553.1M | $567.9M | $618.2M | $681.6M | $781.4M | $1.29B |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-1.0M | $4.2M | $-7.2M | $10.3M | $4.2M | $57.8M | $54.2M | $61.7M |