Credo Technology stock reports 114.70 percent revenue growth

Published on 09/30/2026 at 08:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Credo Technology stock delivered USD 479.0 million in fiscal Q1 2027 revenue on September 1, 2026. Management guided Q2 revenue to USD 525.0 million-USD 535.0 million.

CRDO, KYG254571055, Illustration mit AI erstellt.

Credo Technology Group Holding Ltd (ISIN KYG254571055) reported fiscal first-quarter 2027 revenue of USD 479.0 million on September 1, 2026, a year-over-year increase of 114.70 percent. The result gives Credo a powerful operating base as data-center customers expand AI networking capacity.

Revenue more than doubles

According to Credo on September 1, 2026, GAAP net income reached USD 129.4 million and GAAP diluted earnings per share came to USD 0.67 for the quarter ended August 1, 2026. Non-GAAP net income was USD 236.3 million, while non-GAAP diluted earnings per share reached USD 1.20.

The comparison is striking: revenue rose 9.60 percent from the prior quarter and 114.70 percent from the year-earlier quarter. GAAP gross margin was 64.50 percent, while non-GAAP gross margin reached 68.00 percent.

Optics raise the growth stakes

Credo is extending its product range beyond established copper connectivity. In a release dated September 15, 2026, Credo introduced 224G-based ZeroFlap optical transceivers supporting 1.6T aggregate bandwidth. The architecture covers 2xDR4, 2xFR4 and DR8 form factors for AI scale-out interconnects.

Credo also planned demonstrations of 1.6T optical connectivity and silicon photonics at ECOC 2026 from September 21 through September 23, according to Credo on September 18, 2026. The product push connects the companys revenue acceleration with a larger optical opportunity.

Guidance sets the next test

For fiscal second-quarter 2027, management guided revenue to USD 525.0 million-USD 535.0 million and non-GAAP gross margin to 67.00 percent-69.00 percent. The revenue range implies sequential growth from USD 479.0 million in fiscal Q1 2027, while planned non-GAAP operating expenses of USD 100.0 million-USD 105.0 million show that investment remains elevated.

On Nasdaq, CRDO was trading at USD 192.35 on September 29, 2026. The stock stood within a USD 86.48-USD 308.67 52-week range, placing the price 37.68 percent below the 52-week high and giving the growth outlook a demanding valuation backdrop.