Credo Technology Group Holding Ltd — Form 8-K
Filed September 1, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Credo Technology reported Q1 FY2027 (ended August 1, 2026) revenue of $479.0M, up 114.7% year-over-year and 9.6% quarter-over-quarter, with non-GAAP net income of $236.3M (+140% YoY). GAAP gross margin was 64.5%; non-GAAP was 68.0%. For Q2 FY2027, the company guides revenue between $525M–$535M, with non-GAAP gross margin of 67.0%–69.0% and non-GAAP operating expenses of $100M–$105M. Balance sheet shows $764.3M in cash and short-term investments, though cash declined $698M from $1,164.9M to $466.9M in the quarter; goodwill and intangible assets increased substantially to $986.4M and $378.8M respectively, signaling recent acquisitions.
Why this rating
Strong YoY growth (115% revenue, 140% non-GAAP earnings) and positive guidance; however, relative to $30B market cap ($479M ≈ 1.6% quarterly run-rate) and high share-based compensation ($88M in quarter), event is solid execution not transformational.
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