Credo Technology's fourth quarter revenue grew 157% to beat estimates while non-GAAP margins exceeded expectations.

Credo Technology reported fourth quarter fiscal 2026 revenue of $437.0 million and non-GAAP EPS of $1.16, beating consensus estimates. For the full fiscal year, revenue grew over 205% to $1.34 billion, reflecting significant demand momentum for the company's connectivity solutions.

Key Highlights

• Fourth quarter revenue increased 157.0% year-over-year to $437.0 million, driven by demand for high-speed connectivity solutions for AI infrastructure.
• Non-GAAP gross margin for the quarter was 68.3%, coming in above the high-end of the expected 64% to 66% range and signaling strong profitability.
• The company provided strong first quarter 2027 revenue guidance of $465.0 million to $475.0 million, indicating continued sequential growth ahead.