Quarterly ResultJun 15, 2026, 05:11 PM
Credo Fiscal 2026 Revenue $1.3B, up from $436.8M in Fiscal 2025
AI Summary
Credo Technology Group Holding Ltd reported substantial revenue growth for fiscal year 2026, reaching $1.3 billion, a significant increase from $436.8 million in fiscal year 2025. The company, a provider of high-speed connectivity solutions for data infrastructure, highlighted its focus on AI/ML driven markets with products like ZeroFlap AECs, Optical DSPs, and OmniConnect. Credo continues to invest heavily in research and development, with expenses of $279.4 million in fiscal 2026, and operates a fabless business model while relying on a limited number of key customers.
Key Highlights
- Fiscal 2026 revenue reached $1.3 billion, a significant increase from $436.8 million in fiscal 2025.
- R&D expenses for fiscal 2026 were $279.4 million, up from $146.9 million in fiscal 2025.
- Sales to top 10 customers accounted for approximately 90% of total fiscal 2026 revenue.
- Two customers individually accounted for 10% or more of total fiscal 2026 revenue.
- The company employed 807 full-time equivalent employees, with 616 engineers, as of May 2, 2026.
- Owned 86 issued patents and 39 pending patent applications in the US as of May 2, 2026.
Price Impact
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