01—Abstract
Summary
Summary of the 8-K filed February 9, 2026. Cited figures are marked; the original filing is the authoritative source.
On February 9, 2026, Credo Technology Group Holding Ltd (Nasdaq: CRDO) issued a preliminary update (furnished under Item 2.02, not deemed filed) announcing unaudited third quarter fiscal 2026 revenue of $404 million to $408 milliona.
That range sits above the high end of the company's prior guidance of $335 million to $345 millionb, a beat of roughly $60 million at the midpoint versus the top of the range, or about 17-22% above the prior guidance band. The company also updated its outlook, now expecting sequential revenue growth in the mid-single digits through the end of fiscal 2026 and into fiscal 2027, with full-year fiscal 2026 revenue growth exceeding 200% year over year. Investors should weigh the preliminary nature of these figures.
The numbers are unaudited, the quarter's financial statements are not yet complete, and the company's auditor has not reviewed them. The release explicitly states the estimates are not a substitute for GAAP financial statements. Full third quarter results, including gross margin, operating income, EPS, and fourth quarter commentary, are scheduled for release after market close on March 2, 2026, with a conference call at 2:00 p.m.
Pacific Time that day. The filing signals strong demand for Credo's connectivity products, which serve AI data infrastructure.
The beat and raised outlook suggest momentum, but the guidance is qualitative for the fourth quarter (mid-single-digit sequential growth rather than a dollar range), and the release contains standard forward-looking statement risk warnings. Investors should look for details on margins, customer concentration, and the drivers of the revenue upside when the full results are released.
02—Key points
Key Highlights
- Preliminary Q3 FY2026 revenue of $404M to $408M, above the top of the prior guidance range of $335M to $345M.
- Revenue is unaudited and preliminary; financial closing procedures are ongoing and the auditor has not reviewed the figures.
- Updated outlook calls for mid-single-digit sequential revenue growth into late fiscal 2026 and fiscal 2027.
- Management expects more than 200% year-over-year revenue growth for fiscal 2026.
- Full Q3 FY2026 financial results and conference call scheduled for March 2, 2026 (results after market close, call at 2:00 p.m. PT).
- Information in Item 2.02 is furnished, not filed, so it is not subject to Section 18 liability unless specifically incorporated into another filing.
- Products serving AI data infrastructure include ZeroFlap AECs, optical transceivers, OmniConnect memory solutions, and retimers/DSPs.
03—Questions
Frequently Asked Questions
How much revenue did Credo report for the third quarter of fiscal 2026?
Credo preliminarily expects third quarter fiscal 2026 revenue of $404 million to $408 million. These figures are unaudited and remain subject to completion of financial closing procedures and possible final adjustments.
How does the preliminary result compare to prior guidance?
The preliminary range is above the high end of the previously announced third quarter guidance of $335 million to $345 million, indicating revenue came in materially stronger than the company had forecast.
What is the updated outlook for the fourth quarter and beyond?
Credo expects sequential revenue growth in the mid-single digits toward the end of fiscal 2026 and into fiscal 2027, and more than 200% year-over-year revenue growth for fiscal 2026. The company did not provide a specific dollar range for the fourth quarter in this release.
When will Credo report full third quarter results?
The company will release full third quarter fiscal 2026 results on March 2, 2026, after market close, and hold a conference call that day at 2:00 p.m. Pacific Time. Dial-in numbers and a webcast will be available on its investor relations website.
Should investors rely on these preliminary numbers?
Investors should treat them with caution. The figures are preliminary, unaudited, and not a substitute for GAAP financial statements. The company itself notes they are not necessarily indicative of future results, and the final reported figures may differ.
04—Continue