Credo Technology Group Holding Ltd Reports Second Quarter of Fiscal Year 2026 Financial Results

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• GAAP gross margin is expected to be between 63.8% and 65.8% for Q3 FY2026

  80% confidence

• In the second quarter Credo delivered revenue of $268.0 million, an increase of 20% sequentially and an extraordinary 272% increase year-over-year

  80% confidence

• GAAP operating expenses are expected to be between $116.0 million and $120.0 million for Q3 FY2026

  80% confidence

• The 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% confidence

• Revenue is expected to be between $335.0 million and $345.0 million for Q3 FY2026

  80% confidence

• The results reflect the continued build-out of the world's largest AI training and inference clusters

  80% confidence

• Non-GAAP operating expenses are expected to be between $68.0 million and $72.0 million for Q3 FY2026

  80% confidence

• These are the strongest quarterly results in Credo's history

  80% confidence

• Non-GAAP gross margin is expected to be between 64.0% and 66.0% for Q3 FY2026

  80% confidence

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