Credo Technology reports 201.5% year-over-year revenue growth to $407 million, driven by AI infrastructure demand and expanding profitability.
Credo Technology Group Holding Ltd (CRDO) posted a 201.5% year-over-year revenue increase to $407 million in its third fiscal quarter of 2026, reflecting robust demand for its high-speed connectivity solutions in AI infrastructure. The company’s growth outpaced expectations for a firm already generating over $400 million in quarterly revenue.
GAAP gross margins reached 68.5%, while operating and net margins exceeded 37% and 38%, respectively. Non-GAAP profitability surpassed 50%, underscoring strong execution amid accelerating data center deployments. Prior quarters had shown sequential growth, but the latest results marked a significant acceleration.
The company’s portfolio, including Active Electrical Cables, optical transceivers, and retimers, positions it as a key player in next-generation networking architectures. Shares traded at $237.68 as of June 10th, with trailing and forward P/E ratios of 128.75 and 39.68, respectively.