Credo Technology Group Holding Ltd

Credo Technology Group delivered a standout fourth fiscal quarter, posting revenue of $170.03 million, up 179.7% year over year and ahead of the $159.59 million analyst consensus by 6.54%, while adjusted earnings of $0.35 per share beat the $0.27 estimate by 27.88%. The headline driver was a dramatic acceleration in product sales, which reached $164.52 million compared to just $40.80 million a year ago, as hyperscaler customers continued ramping Credo's integrated circuits and Active Electrical Cables into AI-focused data center infrastructure. GAAP gross margin widened to 67.2% from 65.8% in the year-ago period, even as operating expenses climbed to $80.40 million on heavier R&D investment. For the full fiscal year, revenue totaled $436.77 million, a 126% increase over FY2024, and the company swung to a GAAP net income of $52.18 million from a prior-year loss. The strong momentum has drawn considerable investor attention, with the stock surging roughly 50% in the past month. Looking ahead, Credo guided Q1 FY2026 revenue of $185.00 million to $195.00 million, though non-GAAP gross margin guidance of 64.0% to 66.0% signals some compression from product mix shifts.