CRDO
Credo’s still on a tear
Credo Technology Group wrapped up fiscal 2026 with a very loud flex: fourth-quarter revenue of $437 million, up 157% from a year ago and 7.4% from the prior quarter. That’s not “steady progress” territory — that’s “the AI infrastructure wave is still throwing money at the right picks and shovels” territory.
Why investors are paying attention
If you own CRDO, the headline here isn’t just that the company beat expectations. It’s that the business is still scaling fast enough to make the market wonder how long this run can keep going. In a world where everyone is racing to build bigger, hotter data centers, Credo’s connectivity gear is basically the plumbing that keeps the whole circus from catching fire.
The fine print that matters
A few things jump out from the release:
- revenue growth stayed absurdly strong on both a quarterly and annual basis
- gross margins remained healthy, which is the kind of thing investors love to see when sales are moving this fast
- the results cover both the fourth quarter and full fiscal year 2026, so this is a full check-in, not just a one-quarter victory lap
Big picture: Credo is still riding the AI infrastructure boom, and the market is going to keep asking the same question — is this the start of a long runway, or just the part where the roller coaster climbs really, really fast?