Credo Technology Group Stock Dives Despite Q4 Earnings Beat

Credo Technology Group Holding Ltd (NASDAQ:CRDO) reported financial results for the fourth quarter of fiscal 2026 after the market close on Monday. Here’s a look at the key details from the print.

• Credo Technology Group stock is trading near recent highs. Where are CRDO shares going?

Credo Q4 Earnings Highlights

Credo Technology Group posted fourth-quarter revenue of $437 million, beating analyst estimates of $432.05 million. The connectivity solutions company reported adjusted earnings of $1.16 per share for the quarter, beating analyst estimates of $1.03 per share, according to Benzinga Pro.

Total revenue was up 157% year-over-year and up 7.4% sequentially. Gross margin came in at 68.2%, or 68.3% on an adjusted basis.

Credo Technology Group exited the period with $1.4 billion in cash and short-term investments.

“Fiscal 2026 marked another defining year for Credo,” said Bill Brennan, president and CEO of Credo Technology Group. “As we enter into fiscal 2027, Credo expects to achieve continued strong financial performance with our innovative and vertically integrated approach that enables customers to accelerate cluster time-to-stability, maximize GPU utilization, improve network reliability, and reduce overall infrastructure power and operating costs.”

Credo Technology Group expects first-quarter revenue to be in the range of $465 million to $475 million versus estimates of $461.61 million. The company anticipates adjusted gross margin between 67% and 69% in the first quarter.

Credo executives will further discuss the quarter on an earnings call with investors and analysts at 5 p.m. ET.

CRDO Shares Fall After The Bell

CRDO Price Action: Credo Technology shares were down 13.67% in after-hours Monday, trading at $195.32 at the time of publication, according to Benzinga Pro.

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