Credo Technology Group reported fiscal 2026 revenue of $1.3 billion for the year ended in May, a 206% increase from the previous year. Its non-GAAP earnings per share rose 392% to $3.46, driven in part by its HiWire active electrical cables connecting servers in AI data centers. In the fourth quarter, four hyperscalers each accounted for more than 10% of revenue, while the stock gained approximately 74% year to date. Credo now forecasts more than 80% revenue growth for fiscal 2027, including optical revenue above $600 million, although its business remains highly concentrated in AI networking and a small number of major customers.
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