Credo Technology (CRDO)
Credo Technology (CRDO) makes the high-speed active electrical cables and optical DSPs that connect servers inside AI data centers. In ETFpedia it represents the Optical Networking & Photonics concept, because its connectivity products scale with GPU clusters, and revenue grew 157% year over year in the quarter ended May 2026.
| Ticker | CRDO |
|---|---|
| Exchange | NASDAQ |
| Sector | Technology · High-Speed Connectivity |
| Country | United States |
| Held by ETF | KODEX US AI Optical Communication Network ETF (0173Y0) |
| Wikidata | Q137169107 |
| Last updated | 2026-06-04 |
Next event:Next earnings · fiscal Q1 2027estimated · Expected in late summer or early fall 2026; the date was not yet announced as of 2026-06-03. Last report: fiscal Q4 2026 on 2026-06-01. (source)
Latest reported quarter:Fiscal Q4 2026 (ended May 2, 2026) (reported2026-06-01)
Credo posted record revenue of $437.0 million, up 157% year over year, with non-GAAP EPS of $1.16 and gross margin of about 68%; full-year fiscal 2026 revenue was roughly $1.335 billion, up 206%.
| Revenue | $437.0M+157%YoY · record |
|---|---|
| Non-GAAP EPS | $1.16 |
| GAAP EPS | $0.88 |
| Non-GAAP gross margin | 68.3% |
| Full-year FY2026 revenue | $1.335B · +206% YoY |
Guidance:Fiscal Q1 2027
| Revenue | $465M–$475M |
|---|---|
| Non-GAAP gross margin | 67%–69% |
Management guided fiscal 2027 optical revenue above $600M and full-year revenue growth above 80%.
Recent & upcoming events
Customer concentration is high: Credo's top four customers were each at least 10% of fiscal Q4 2026 revenue.
Figures are as of 2026-06-03 and reflect the most recent public filings/IR releases; they are updated after each earnings report.
What does Credo do?
Credo is a fabless connectivity company. Its signature product is the HiWire active electrical cable (AEC), a smarter copper cable that carries data reliably across a rack, alongside PAM4 optical and line-card DSPs, SerDes chiplets, and silicon photonics. It sells mainly to hyperscalers, neo-cloud providers, and the optical-module makers who build around its chips (Credo, June 1, 2026).
How is AI driving Credo’s business?
Inside a rack, AECs are increasingly preferred over passive copper and short-reach optics, and Credo has ridden that adoption hard. Fiscal 2026 revenue grew about 206% to roughly $1.335 billion, with the May 2026 quarter up 157% (Credo).
As AI clusters scale from tens of thousands to hundreds of thousands of GPUs, connectivity is no longer just about bandwidth. Reliability, power efficiency, signal integrity, and telemetry have become critical architectural requirements.
— Bill Brennan, CEO, Credo Technology (fiscal Q4 2026 earnings call)
What did Credo report most recently?
In fiscal Q4 2026 (the quarter ended May 2, 2026), Credo posted record revenue of $437.0 million, up 157% year over year, with non-GAAP EPS of $1.16 and gross margin of about 68% (Credo).
What is Credo’s guidance?
For fiscal Q1 2027, Credo guided revenue to $465–475 million with non-GAAP gross margin of 67–69% (Credo). Management also guided fiscal 2027 optical revenue above $600 million and full-year revenue growth above 80%.
Why is Credo part of optical networking?
AECs and optics are complements, not rivals: copper handles the shortest hops inside a rack while optics carry the longer ones, and Credo plays in both with its AECs and optical DSPs. That makes it a connectivity bet inside the Optical Networking & Photonics theme.
What are the risks for Credo?
- Customer concentration. Credo’s top four customers were each at least 10% of fiscal Q4 revenue, so one hyperscaler slowing would be material.
- Single capex cycle. Demand is tied almost entirely to AI data-center spending.
- Competition. Marvell, Broadcom, and others compete in SerDes and optical DSPs.
- Execution. Hitting the guided optical ramp (above $600M in FY2027) is a key risk to the growth story.
Related securities, concepts & terms
- AI Infrastructureparent
- Optical Networking & Photonicsparent
- Marvell Technology (MRVL)sibling
- Arista Networks (ANET)sibling
Related indices & ETFs
- KODEX US AI Optical Communication Network ETF (0173Y0) · Samsung Asset Management (KODEX)Korea-listed ETF tracking the Akros U.S. AI Optical index, the AI-optical-networking theme.
Frequently asked questions about Credo Technology
What does Credo Technology do?
Credo is a fabless supplier of high-speed connectivity for AI data centers: HiWire active electrical cables (AECs), PAM4 optical and line-card DSPs, SerDes chiplets, and silicon photonics, sold mainly to hyperscalers, neo-cloud providers, and optical-module makers.
When does Credo report its next earnings?
Credo last reported fiscal Q4 and full-year 2026 on June 1, 2026. Its next report, fiscal Q1 2027, was not yet scheduled as of June 3, 2026, but typically falls in late summer or early fall. Check Credo's investor-relations site for the confirmed date.
What was Credo's latest quarterly revenue?
Credo reported record revenue of $437.0 million in fiscal Q4 2026 (the quarter ended May 2, 2026), up 157% year over year, with non-GAAP EPS of $1.16 and non-GAAP gross margin of 68.3%. Full-year fiscal 2026 revenue was about $1.335 billion, up 206%, after the prior quarter (fiscal Q3) had already grown 201%.
What is Credo's guidance for fiscal 2027?
For fiscal Q1 2027, Credo guided revenue to $465–475 million with non-GAAP gross margin of 67–69%. For the full fiscal year 2027, management guided optical revenue above $600 million and total revenue growth above 80%, signaling a shift in mix toward optical products.
How concentrated is Credo's customer base?
Customer concentration is high: each of Credo's top four customers was at least 10% of fiscal Q4 2026 revenue. That ties the company's growth tightly to a few hyperscalers' AI data-center spending, so a single customer slowing would be material.
Why is Credo an AI optical networking play?
Credo makes the HiWire active electrical cables and optical DSPs that connect servers inside AI clusters, complementing the optical links between racks. As GPU clusters scale toward hundreds of thousands of nodes, demand for its connectivity products scales with them, which drove fiscal 2026 revenue up 206%.
Sources & references
- Credo Technology reports fourth quarter and fiscal year 2026 results · Credo Technology Group, 2026-06-01
- Is Credo Technology Group a Buy After Its Latest Earnings Report? (fiscal Q4 2026 earnings-call coverage) · The Motley Fool, 2026-06-01
- Credo fiscal Q3 2026 results (SEC 8-K, Exhibit 99.1) · Credo Technology Group / SEC EDGAR, 2026-03-02
- Credo Technology · investor relations and events · Credo Technology Group, 2026-06-02
- Nasdaq listed company information · CRDO · Nasdaq, 2026-06-02