Credo Posts Record Q1 Profit Surge

Credo Technology Group Holding(NASDAQ:CRDO) reported first-quarter fiscal 2026 results on September 3, 2025, posting $223.1 million in revenue (up 31% quarter over quarter, 274% year over year) and a non-GAAP net margin of 44.1%. Robust demand for Active Electrical Cables (AECs), continued optical segment growth, and expanding hyperscaler relationships drove record profitability. Management issued revenue guidance of $230 million to $240 million for fiscal 2026 and projected full-year revenue growth of approximately 120% year over year.Non-GAAP operating income reached $96.2 million, up from $62.5 million in the prior quarter, reflecting a 31% quarter-over-quarter revenue gain and high incremental operating leverage. Free cash flow totaled $51.3 million, with quarter-end cash and equivalents of $479.6 million and non-GAAP gross margin at 67.6%.This margin expansion demonstrates that Credo's product mix and operational strategy are delivering substantial operating leverage, supporting sustained profit growth as hyperscaler deployments accelerate.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool