Credo Q4 revenue $437M (+157% YoY); guides Q1 $465-475M; CEO awarded 1.44M performance-based RSUs
Credo Technology Group Holding Ltd
- Q4 FY2026 revenue $437.0M (+7.4% QoQ, +157% YoY); GAAP diluted EPS $0.88, non-GAAP diluted EPS $1.16.
- Full-year FY2026 revenue $1,335M (more than tripled YoY); non-GAAP net income $662M (5x increase over prior year).
- Q1 FY2027 revenue guidance $465-475M; non-GAAP gross margin expected 67.0-69.0%.
- CEO William Brennan awarded 1,437,000 performance-based RSUs (6 tranches) tied to revenue hurdles ($2.5B-$7.5B) and stock price hurdles ($244.70-$489.40) over 5 years.
- First two tranches (479,000 shares) vest if revenue reaches $5B; one-year post-vest sale restriction; no other equity awards expected for 5 years.