- Credo fiscal Q3 2026 revenue reached $407.01 million, up 201.5% year over year and 51.9% sequentially, with non-GAAP diluted EPS of $1.07 beating the $0.94 consensus.
- Non-GAAP operating margin expanded to 49.6% from 31.4% a year earlier, driven by AEC and IC shipments into AI data center infrastructure.
- Credo guided fiscal Q4 2026 revenue to $425 million–$435 million with non-GAAP gross margin of 64.0%–66.0%, reflecting margin compression as new product categories scale.
- Credo launched 224G-based ZeroFlap optical transceivers extending its optical architecture to 1.6T port speeds, targeting more than $600 million in optical revenues in fiscal 2027.
- The stock is up 16.5% over seven days and 36.8% year to date but down 17.7% over 90 days; Simply Wall St values it at a $130 fair value versus a $195.97 close, calling it 50.7% overvalued.
Quotes
“In the third quarter Credo once again delivered record results with revenue of $407.0 million, an increase of more than 50% sequentially and 200% year over year. With continued growth in AECs and ICs and the announcement of three new multi-billion dollar TAM expansions through ZeroFlap optics, ALCs, and OmniConnect, we remain confident in our ability to innovate and grow in the expanding AI infrastructure landscape.”