CRDO Earnings

CRDO reported its earnings on 2026-06-01, showcasing a revenue of 437.00M against an estimate of 433.30M, resulting in a 0.85% surprise. The EPS was 0.92, surpassing the expected 0.77 by 19.48%. The stock experienced a 0% price change on the earnings day and a 0% change over the next five days, reflecting market reactions to the results.

Following CRDO's earnings announcement on 2026-06-01, the stock price moved by 0% on the day of the release. Over the subsequent five days, it saw a 0% change. Historically, CRDO's stock price tends to shift by an average of -3.71% in the 10 days leading up to earnings and 12.51% in the 10 days following, providing insight into potential market.

For 2027/Q1, analysts estimate CRDO's annual revenue to reach 374.03M, while the EPS is projected at 0.84. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between CRDO's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2026 were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, CRDO's stock price typically moves by -3.71% in the 10 days before its earnings and 12.51% in the 10 days after. For the upcoming 2027/Q1 earnings, analysts expect an EPS of 0.84 and revenue of 374.03M.

The earnings call reveals a decline in key financial metrics: revenue decreased by 12% year-over-year, gross margins fell, net income dropped by 20%, and EPS decreased. Operating expenses increased significantly, further impacting profitability. The lack of detailed strategic initiatives or positive guidance, coupled with the acknowledgment of risks in forward-looking statements, suggests uncertainty. The Q&A section did not provide additional clarity or positive insights. These factors collectively point to a negative sentiment, likely resulting in a stock price decline of -2% to -8% over the next two weeks.