Credo Technology Group Holding (CRDO) Company Report

Credo Technology Group Holding Ltd entered into an Equity Distribution Agreement with Goldman Sachs & Co. LLC on October 6, 2025.
The agreement facilitates the sale of the Company's ordinary shares with an aggregate offering price of up to $750,000,000.
Sales will be conducted as "at the market offerings" on the Nasdaq Global Select Market or other market venues.
Goldman Sachs & Co. LLC will receive compensation of up to 2.00% of the gross offering proceeds from the sale of shares.

Oct 6, 2025, 9:45 PM

8-K

Credo Technology Acquires Hyperlume

CRDO

M&A

New Projects/Investments

Credo Technology Group Holding Ltd has completed the acquisition of Hyperlume, a private company specializing in microLED-based optical interconnect technology for chip-to-chip communication.
This strategic move aims to enhance Credo's portfolio of high-speed, energy-efficient connectivity solutions to address growing bandwidth and power challenges in AI-driven data infrastructure, cloud, and hyperscale data centers.
Credo maintains a strong financial profile, with a market capitalization of $25.26 billion, a revenue growth rate of 26% over the past three years, a net margin of 20.85%, and a gross margin of 65.98%.
The market responded positively to the news, with Credo's shares rising slightly, building on a previous 105% gain this year, reflecting strong investor confidence.

Sep 29, 2025, 10:53 PM

Morningstar

Credo acquires Hyperlume, Inc.

CRDO

M&A

New Projects/Investments

Product Launch

Credo Technology Group Holding Ltd (Credo) has acquired Hyperlume, Inc., a privately-held developer of MicroLED-based optical interconnect technology for chip-to-chip communication.
This acquisition expands Credo's comprehensive portfolio with Hyperlume's cutting-edge miniature light-emitting diode (microLED) technology.
The integration of MicroLED technology is intended to address the future of AI-driven data infrastructure deployments, providing high-speed, energy-efficient, and low-latency data transmission for scaling massive AI clusters.

Sep 29, 2025, 9:28 PM

Press Release

Credo Technology Group Holding discusses AI infrastructure connectivity and market outlook

CRDO

Revenue Acceleration/Inflection

New Projects/Investments

M&A

Credo's mission is to break bandwidth barriers by delivering highly reliable and energy-efficient connectivity solutions for data centers, especially for AI infrastructure, with their AEC (Active Electrical Cable) products being 1,000 times more reliable than some optical connections.
The total addressable market (TAM) for AECs is now estimated to be $5 billion-$10 billion, significantly larger than previously thought, driven by scale-out and future scale-up opportunities, each representing a 10X increase in potential volume.
The company is experiencing strong customer adoption, with a fourth customer expected to become a 10% customer for the year, starting in the second quarter, and all hyperscaler relationships having the potential to generate over $100 million per year in revenue.
Credo's product gross margin expanded over 500 basis points from Q1 fiscal year 2025 to Q1 fiscal year 2026, driven by increasing scale and 274% year-over-year growth. Current gross margins are above the long-term expectation of 63% to 65%.
Credo plans to remain a pure-play connectivity company, focusing on system-level products in optical and GPU-to-memory markets, with a long-term vision to reach a $5 billion and beyond run rate, and may pursue inorganic growth.

Sep 10, 2025, 10:45 PM

Transcript

Credo Technology Group Holding Discusses AI Connectivity and Market Strategy

CRDO

New Projects/Investments

Revenue Acceleration/Inflection

Credo's Active Electrical Cables (AECs) are central to its mission of providing reliable and energy-efficient connectivity solutions for AI infrastructure, being 1,000 times more reliable than some optical connections they replace.
The total addressable market (TAM) for AECs is now estimated between $5 billion to $10 billion, significantly larger than previous estimates, driven by AI and the ability to replace both passive copper and optical connections.
The company expects to ramp with two additional hyperscale customers in the second half of 2026, with one customer projected to become a 10% customer within a year.
Credo's gross margins are currently above its long-term expectation of 63% to 65%, driven by increasing scale, with product gross margin expanding over 500 basis points from Q1 fiscal 2025 to Q1 fiscal 2026.
The company plans to remain a pure-play connectivity provider, focusing on system-level products, including optical DSPs and GPU to memory connectivity, to drive future growth.

Sep 10, 2025, 10:45 PM

Transcript

Credo Technology Group Holding Discusses AI Connectivity Market and Growth Outlook

CRDO

Revenue Acceleration/Inflection

New Projects/Investments

Guidance Update

Credo Technology Group Holding focuses on providing highly reliable and energy-efficient connectivity solutions for AI infrastructure within data centers, with its Active Electrical Cables (AECs) offering 1,000 times greater reliability than some optical connections.
The total addressable market (TAM) for AECs is projected to expand from $2 billion to $5 billion-$10 billion, driven by the increasing demand for AI applications and broader data center adoption.
The company anticipates substantial growth in its AEC business, with a fourth customer expected to become a 10% customer for the year starting in Q2, and two additional hyperscale customers projected to ramp in the latter half of 2026, each potentially generating over $100 million annually.
Credo's gross margins are currently above its long-term expectation of 63% to 65%, attributed to increasing scale, with product gross margin expanding over 500 basis points year-over-year in Q1 FY2026.
Research and Development (R&D) spending is set to increase by approximately 50% year over year in fiscal year 2026, with more than half of this investment directed towards future optical programs.

Sep 10, 2025, 10:45 PM

Transcript

Credo Technology Group Holding Discusses AI Connectivity and Growth at Goldman Sachs Conference

CRDO

Revenue Acceleration/Inflection

New Projects/Investments

Credo Technology Group Holding is focused on providing highly reliable and energy-efficient connectivity solutions, particularly Active Electrical Cables (AECs), for AI infrastructure within data centers. The total addressable market (TAM) for AECs is projected to grow significantly, from an estimated $2 billion to $5-$10 billion.
Credo's AECs offer a competitive advantage by replacing optical connections due to their 1,000 times greater reliability and are currently capable of seven-meter lengths at 100 gig per lane. The company maintains a unique position as the only true vertically integrated player in this market.
The company anticipates significant growth, expecting to onboard two additional hyperscale customers in the back half of 2026, with each potentially contributing over $100 million per year in revenue. Credo's gross margins are currently above its long-term expectation of 63% to 65%, driven by increasing scale, and R&D spending is increasing 50% year over year for fiscal 2026, with a focus on future optical programs.

Sep 10, 2025, 10:45 PM

Transcript

Credo Reports Strong Q1 Fiscal Year 2026 Results and Provides Q2 Outlook

CRDO

Earnings

Guidance Update

Revenue Acceleration/Inflection

Credo Technology Group Holding Ltd reported revenue of $223.1 million for the first quarter of fiscal year 2026, ended August 2, 2025, representing a 274% year-over-year increase and 31% quarter-over-quarter growth.
The company achieved GAAP net income of $63.4 million and non-GAAP net income of $98.3 million for the quarter.
GAAP diluted net income per share was $0.34, and non-GAAP diluted net income per share was $0.52.
For the second quarter of fiscal year 2026, Credo expects revenue to be between $230.0 million and $240.0 million.

Sep 3, 2025, 8:10 PM

8-K

Credo Tech Reports 10x AAC Cable Revenue Growth at Mizuho Conference 2025

CRDO

Revenue Acceleration/Inflection

New Projects/Investments

AAC cable revenue grew nearly 10x since the IPO, driven by robust innovations in SerDes and integrated circuit design to enhance power efficiency and performance.
Management emphasized vertical integration and a strong competitive moat, underpinned by application-specific ICs and a software platform that enables predictive maintenance and faster time-to-market.
Expanding design wins in both scale-out and scale-up segments were highlighted, with new opportunities in hyperscale data centers and rack-scale deployments through PCIe retimers and AEC solutions.
Emerging protocols such as NVLink Fusion, UA Link, and SUE were discussed, with Credo positioning its layer one connectivity solutions to address evolving standards in high-speed network environments.

Jun 10, 2025, 9:52 PM

Credo Technology Group Q4 2025 Results Overview

CRDO

Earnings

Revenue Acceleration/Inflection

Guidance Update

Q4 2025 revenue reached $170M, marking a 26% sequential and 180% year-over-year increase, with non-GAAP gross margin at 67.4%.
For fiscal 2025, Credo recorded a record revenue of $436.8M and improved profitability with EPS rising to $0.70, reflecting strong operational execution.
Guidance for Q1 FY26 projects revenue between $185M and $195M with gross margins in the 64%-66% range, and full-year FY26 revenue expected to exceed $800M with net margins approaching 40%.
The call highlighted ongoing customer diversification (largest customer contributing 61% of Q4 revenue) and investments in production capacity to support new product innovations in optical and retimer solutions.

Jun 4, 2025, 1:28 AM

Filings & Transcripts

View All Documents

Recent SEC filings and earnings call transcripts for CRDO.

No recent filings or transcripts found for CRDO.