Credo fiscal Q3 revenue rises 201% to $407 million; Q4 guided to $425-435 million

Credo reported fiscal third-quarter revenue of $407.0 million, up 51.9% from the prior quarter and 201.5% from a year earlier, with non-GAAP gross margin of 68.6%. Non-GAAP net income was $208.8 million, or $1.07 per diluted share. Management guided fiscal fourth-quarter revenue to $425 million to $435 million and framed three newly announced product expansions, ZeroFlap optics, active LED cables and OmniConnect, as multi-billion-dollar market opportunities.

• Q3 FY2026 revenue $407.0 million, up 201.5% year over year and 51.9% sequentially
• Non-GAAP gross margin 68.6%; GAAP gross margin 68.5%
• Non-GAAP net income $208.8 million, $1.07 per diluted share
• Q4 FY2026 revenue guidance $425 million to $435 million; non-GAAP gross margin 64.0% to 66.0%
• Ending cash and short-term investments of $1.3 billion

SEC filing 8-K · accession 0001628280-26-013205 · sec.gov ↗