EX-99.1 2 credoq22026ex-991.htm EX-99.1 Document Exhibit 99.1 Credo Technology Group Holding Ltd Reports Second Quarter of Fiscal Year 2026 Financial Results San Jose, Calif. (December 1, 2025) - Credo Technology Group Holding Ltd (Credo) (Nasdaq: CRDO), an innovator in providing reliable, energy-efficient, system-level connectivity solutions for the next generation of AI-driven applications, cloud computing and hyperscale networks, today reported financial results for the second quarter of fiscal year 2026, ended November 1, 2025. Second Quarter of Fiscal Year 2026 Financial Highlights • Revenue of $268.0 million, grew by 20.2% quarter over quarter and 272.1% year over year • GAAP gross margin of 67.5% and non-GAAP gross margin of 67.7% • GAAP operating expenses of $102.3 million and non-GAAP operating expenses of $57.3 million • GAAP net income of $82.6 million and non-GAAP net income of $127.8 million • GAAP diluted net income per share of $0.44 and non-GAAP diluted net income per share of $0.67 • Ending cash and short-term investment balance of $813.6 million Management Commentary Bill Brennan, Credo’s President and Chief Executive Officer, stated, “In the seco…
Open exhibit ↗Current Report · Items 9.01 · 8-K
Credo Technology Group Holding Ltd
CRDONASDAQEQUITYCurrent
Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibit ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── 99.1 Press Release dated December 1, 2025 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)
Company context
Credo’s mission is to transform connectivity at scale through fast, reliable and energy-efficient system solutions. Our high-speed copper and optical interconnect products deliver industry-leading power and performance from chip to cluster to meet the ever-expanding data infrastructure demands of AI. Our vertically integrated connectivity portfolio is comprised of our flagship purple ZeroFlap (ZF) Active Electrical Cables (AECs) and ZF optical transceivers; optical components including silicon photonics-based photonic integrated circuits (SiPho PICs) and DSPs; OmniConnect AI memory and chip-to-chip interconnect; and retimers for Ethernet and PCIe - supported by our PILOT diagnostic and analytics software platform. Credo innovations enable our customers to connect the systems that connect the world.