Credo Technology Group Holding Ltd reported revenue of $268.0 million for the second quarter of fiscal year 2026, showing significant growth both quarter over quarter and year over year.
The company achieved GAAP gross margin of 67.5% and non-GAAP gross margin of 67.7% in Q2 FY 2026.
Bill Brennan, Credo's President and CEO, expressed optimism for continued growth in core franchises and new solutions driving revenue and profitability in fiscal 2026 and beyond.
Revenue Growth
Q2 revenue grew by 20.2% quarter over quarter and an impressive 272.1% year over year.
Gross Margins
GAAP gross margin reached 67.5% and non-GAAP gross margin was 67.7% in the reported quarter.
Future Outlook
Third quarter revenue is expected to be between $335.0 million and $345.0 million, with strong gross margin projections.
- Credo's record-breaking Q2 results reflect the momentum in AI-driven applications, cloud computing, and hyperscale networks.
- The company's future growth is bolstered by the expansion of key product lines and the outlook for sustained profitability through fiscal year 2026.
With exceptional revenue growth and promising outlook for the upcoming quarter, Credo Technology Group Holding Ltd is poised for continued success in the competitive technology sector.