EX-99.1 2 credoq12027ex-991.htm EX-99.1 Document Exhibit 99.1 Credo Technology Group Holding Ltd Reports First Quarter of Fiscal Year 2027 Financial Results San Jose, Calif. (September 1, 2026) - Credo Technology Group Holding Ltd (Credo) (Nasdaq: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, today announced financial results for the first quarter of fiscal year 2027, ended August 1, 2026. First Quarter of Fiscal Year 2027 Financial Highlights • Revenue of $479.0 million, grew by 9.6% quarter over quarter and 114.7% year over year • GAAP gross margin of 64.5% and non-GAAP gross margin of 68.0% • GAAP operating expenses of $188.4 million and non-GAAP operating expenses of $95.2 million • GAAP net income of $129.4 million and non-GAAP net income of $236.3 million • GAAP diluted net income per share of $0.67 and non-GAAP diluted net income per share of $1.20 • Ending cash and short-term investment balance of $764.3 million Management Commentary Bill Brennan, Credo’s President and Chief Executive Officer, stated, “During the first quarter of fiscal 2027, Credo delivered revenue of $479.0 million an…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Credo Technology Group Holding Ltd
CRDONASDAQEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On September 1, 2026, Credo Technology Group Holding Ltd (the "Company") issued a press release announcing its financial results for the fiscal quarter ended August 1, 2026. A copy of the press release is furnished herewith as Exhibit 99.1.…
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.