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

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• 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

Cited in these Via News reports

• AI Chip Tester Projects $60-80M Orders as Custom Silicon Race Spreads Beyond US Giants →
• AI Chip Testing Orders Hit $60-80M as Global Semiconductor Industry Gears Up for NVIDIA's Next-Gen GPU Production →
• AI Chip Testing Orders Hit $60M as Global Semiconductor Race Targets 2026 Production Start →
• AI chip testing firm Aehr forecasts $60M-$80M orders as global supply chain preps for Nvidia earnings →
• AMD Lands 6GW Meta GPU Deal as NVIDIA Pushes 2027 Rubin Launch Amid Global AI Chip Race →
• Global AI Hardware Race Strains Supply Chains Ahead of Nvidia's Earnings →
• Global AI Infrastructure Race Intensifies as Chip Supply Chain Expands Across Continents →
• Intel Ships 1.15 Billion Neuron Chip as Neuromorphic Computing Exits Lab Phase Globally →
• NVIDIA 2027 Chip Roadmap and AMD-Meta Deal Reshape Global AI Hardware Race →
• NVIDIA Sets 2027 Rubin Ultra Launch as AMD Wins Meta Deal in US-Asia Chip Manufacturing Shift →