Home / Business and Economy / Data Center Giants: Credo vs. Sandisk
Data Center Giants: Credo vs. Sandisk
20 Sep
Summary
- Credo's FY26 revenue surged 205.7% to nearly $1.3 billion.
- Sandisk's FY26 revenue grew 175.3% to close to $20.2 billion.
- Credo boasts a debt-to-equity ratio of 0.0x as of May 2026.
As data centers adapt to artificial intelligence demands, investors are assessing Credo Technology Group (NASDAQ:CRDO) and Sandisk (NASDAQ:SNDK) as potential hardware investments.
Credo specializes in high-speed connectivity solutions, crucial for rapid data transfer. For the fiscal year ending May 2, 2026, the company reported revenue nearing $1.3 billion, a remarkable 205.7% increase from the previous year. This period also saw net income rise substantially to approximately $472.3 million from $52.2 million.
Financially, Credo demonstrated a strong position as of its May 2026 balance sheet, with a debt-to-equity ratio of 0.0x and a current ratio of 10.2x. Free cash flow reached $407.0 million, though stock-based compensation represented a significant portion of operating cash flow.
Sandisk, a prominent player in NAND flash memory storage, serves data centers, mobile devices, and PCs. In its fiscal year ending June 2025, the company reported FY26 revenue of nearly $20.2 billion, reflecting a 175.3% growth rate. This fiscal year marked a significant turnaround, with net income reaching approximately $11.4 billion, a substantial recovery from a $1.6 billion net loss in the prior year.
