Question · Q2 2026
Christopher Roland asked for commentary on the growth rate for the next fiscal year, specifically if it would decelerate from the current 170%+ year-over-year growth, and how it might compare to street expectations. He also inquired about the significant guided bump in Q3 operating expenses (OPEX), whether it's due to engineers, one-time factors, or setting a new base, and future OPEX growth as a percentage of revenue.
Answer
CFO Dan Fleming reiterated the expectation of mid-single digits sequential revenue growth through fiscal 2027, consistent with prior guidance, noting past outperformance. For OPEX, Dan Fleming explained that the Q3 guide, up 22% at the midpoint, supports anticipated revenue growth and long gestation periods for new product pillars, making up for a sequential R&D decline in Q2. He confirmed that the $70 million midpoint sets a new base, incorporating project-related spend and additional hiring (including the Hyperloom team), projecting approximately 50% year-over-year OPEX growth from fiscal 2025 to fiscal 2026.
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