Credo Technology Group Holding (CRDO) Gross Margin (2021 - 2026)
Credo Technology Group Holding (CRDO) reported Gross Margin of 68.21% for Q2 2026, up 105.0% year-over-year from 33.27% in Q2 2025, and little changed on a QoQ basis from 68.52% in Q1 2026.
Credo Technology Group Holding (CRDO) Gross Margin (2021 - 2026) Analysis & Trends
Credo Technology Group Holding's Gross Margin history runs 6 years deep, the most recent figure standing at 68.21% for Q2 2026.
- Gross Margin for Q2 2026 came in at 68.21%, up 105.0% year-over-year; the trailing twelve-month figure through May 2026 was 68.04% (up 326.0% YoY), and the FY2026 annual result was 68.04%, up 326.0% from the prior year.
- Gross Margin came in at 68.21% for Q2 2026 at Credo Technology Group Holding, roughly flat from 68.52% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 68.52% in Q1 2026 to a low of 54.43% in Q4 2022.
- A 5-year average of 62.67% and a median of 62.81% in 2024 frame the typical range for Gross Margin.
- The largest YoY upside for Gross Margin was 1123 bps in 2022 against a maximum downside of 594 bps in 2022.
- Over 5 years, Gross Margin stood at 54.43% in 2022, then gained by 9 bps to 59.31% in 2023, then climbed by 7 bps to 63.18% in 2024, then climbed by 7 bps to 67.55% in 2025, then increased by 1 bps to 68.21% in 2026.
- The last three Gross Margin figures came in at 68.21% (Q2 2026), 68.52% (Q1 2026), and 67.55% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,119.49 Bn | 5,076.01 Bn | 61.16 Bn | 74.93% |
| 2 | Broadcom | 1,946.04 Bn | 1,926.41 Bn | 15.42 Bn | 69.48% |
| 3 | Micron Technology | 1,288.71 Bn | 1,274.12 Bn | 17.76 Bn | 74.41% |
| 4 | Taiwan Semiconductor Manufacturing | 1,080.21 Bn | 983.26 Bn | 23.77 Bn | 66.25% |
| 5 | Advanced Micro Devices | 879.94 Bn | 867.59 Bn | 5.42 Bn | 52.82% |
| 6 | Intel | 681.83 Bn | 662.64 Bn | 5.35 Bn | 39.38% |
| 7 | Texas Instruments | 293.38 Bn | 288.27 Bn | 2.80 Bn | 58.01% |
| 8 | Marvell Technology | 274.06 Bn | 270.21 Bn | 1.26 Bn | 52.15% |
| 9 | Qualcomm | 241.64 Bn | 231.84 Bn | 4.16 Bn | 45.92% |
| 10 | Credo Technology Group Holding | 48.69 Bn | 47.25 Bn | 298.07 Mn | 68.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 68.21% |
| Jan 31, 2026 | 68.52% |
| Nov 1, 2025 | 67.55% |
| Aug 2, 2025 | 67.41% |
| May 3, 2025 | 67.16% |
| Feb 1, 2025 | 63.65% |
| Nov 2, 2024 | 63.18% |
| Aug 3, 2024 | 62.44% |
| Apr 27, 2024 | 65.75% |
| Jan 27, 2024 | 61.36% |
| Oct 28, 2023 | 59.31% |
| Jul 29, 2023 | 59.24% |
| Apr 29, 2023 | 57.92% |
| Jan 28, 2023 | 58.94% |
| Oct 29, 2022 | 54.43% |
| Jul 30, 2022 | 59.53% |
| Apr 30, 2022 | 63.34% |
| Jan 31, 2022 | 60.10% |
| Oct 31, 2021 | 60.37% |
| Jul 31, 2021 | 48.30% |