---
title: "Credo Technology rose over 6% in after-hours trading after the company announced its Q1 results for "
description: "Credo Technology rose over 6% in after-hours trading after the company announced its Q1 results for fiscal year 2026, with revenue of $223.1 million, a year-on-year increase of 274% and a quarter-on-q"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/255847211.md"
published_at: "2025-09-03T21:23:14.000Z"
---

# Credo Technology rose over 6% in after-hours trading after the company announced its Q1 results for 

> Credo Technology rose over 6% in after-hours trading after the company announced its Q1 results for fiscal year 2026, with revenue of $223.1 million, a year-on-year increase of 274% and a quarter-on-quarter increase of 31%; adjusted net profit was $98.3 million, with a GAAP gross margin of 67.4% and a non-GAAP gross margin of 67.6%. Looking ahead to Q2 of 2026, revenue is expected to be between $230 million and $240 million, with a GAAP gross margin between 63.5% and 65.5%, and a non-GAAP gross margin expected to be between 64.0% and 66.0%

Credo Technology surged over 6% after hours as the company announced its Q1 fiscal year 2026 results: revenue of $223.1 million, a year-on-year increase of 274% and a quarter-on-quarter increase of 31%; adjusted net profit of $98.3 million; GAAP gross margin of 67.4% and non-GAAP gross margin of 67.6%. Looking ahead to Q2 2026, the company expects revenue to be between $230 million and $240 million; GAAP gross margin is expected to be between 63.5% and 65.5%, while non-GAAP gross margin is expected to be between 64.0% and 66.0%

### Related Stocks

- [CRDO.US - Credo Tech](https://longbridge.com/en/quote/CRDO.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Credo Technology Reports 274% YoY Revenue Increase to $223.1M in Q1 FY2026; GAAP Net Income at $63.4M, Non-GAAP EPS at $0.52 | Credo Technology Group Holding Ltd reported a 274% year-over-year revenue increase to $223.1 million for Q1 FY2026, with | [Link](https://longbridge.com/en/news/255841145.md) |
| Credo reports Q2 revenue of USD 268.0 million, up over 3.7 times year over year | Credo Technology Group Holding Ltd. reported Q2 fiscal 2026 revenue of USD 268.0 million, a 20.2% increase quarter over  | [Link](https://longbridge.com/en/news/268139966.md) |
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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.