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Credo Tech Soars: Q4 Revenue Skyrockets 157%
2 Jun
Summary
- Q4 FY2026 revenue reached $437 million, a 157% year-over-year increase.
- Full-year revenue surpassed $1.335 billion, a significant jump from FY2025.
- The company ended the fiscal year with $1.4 billion in cash reserves.
Credo Technology Group reported a significant financial uplift in its fourth quarter of fiscal year 2026. The company announced Q4 revenue of $437 million, demonstrating a 157% increase compared to the same period last year and a 7.4% rise sequentially.
For the entirety of fiscal year 2026, Credo's revenue crossed the $1.335 billion mark. This figure represents a substantial growth from the $437 million recorded in FY2025. The company also reported non-GAAP net income growing more than fivefold, reaching $662 million for the full year.
Credo concluded the fiscal year with a robust balance sheet, holding $1.4 billion in cash and short-term investments. Looking ahead, the company provided guidance for Q1 FY2027 revenue between $465 million and $475 million, projecting continued sequential growth. Management expressed confidence in sustained strong financial performance.
