Credo Technology Group Holding Ltd Reports Second Quarter of Fiscal Year 2026 Financial Results
View original at finance.yahoo.comCredo Technology Group Holding Ltd Reports Second Quarter of Fiscal Year 2026 Financial Results SAN JOSE, Calif., December 01, 2025--(BUSINESS WIRE)--Credo Technology Group Holding Ltd (Credo) (Nasdaq: CRDO), an innovator in providing reliable, energy-efficient, system-level connectivity solutions for the next generati…
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GAAP gross margin is expected to be between 63.8% and 65.8% for Q3 FY2026
80% confidenceIn the second quarter Credo delivered revenue of $268.0 million, an increase of 20% sequentially and an extraordinary 272% increase year-over-year
80% confidenceGAAP operating expenses are expected to be between $116.0 million and $120.0 million for Q3 FY2026
80% confidenceThe combination of continued growth in core AEC and IC franchises, plus upcoming ramps of ZeroFlap Optics, ALCs, and OmniConnect gearbox solutions gives an outlook with strong revenue growth and profitability through fiscal 2026 and beyond
80% confidenceRevenue is expected to be between $335.0 million and $345.0 million for Q3 FY2026
80% confidenceThe results reflect the continued build-out of the world's largest AI training and inference clusters
80% confidenceNon-GAAP operating expenses are expected to be between $68.0 million and $72.0 million for Q3 FY2026
80% confidenceThese are the strongest quarterly results in Credo's history
80% confidenceNon-GAAP gross margin is expected to be between 64.0% and 66.0% for Q3 FY2026
80% confidence
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