Credo Technology Group Holding Ltd reported a strong Q4 '26 with revenue up 157% year-over-year and maintained high profitability. The company projects over 80% revenue growth for fiscal year 2027, driven by increased sales of optical products expected to exceed $600 million. Improvements in customer concentration risk and strong gross margins were noted, though inventory buildup signals confidence in demand but adds some execution risk. The stock is rated Buy, with potential upside depending on management's execution of the optical revenue growth plan.
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Credo generated over $1.3 billion in revenue in fiscal 2026 and expects more than 80% growth in fiscal 2027, fueled by strong sales in optical products like ZeroFlap optics, DSPs, and silicon photonics. The acquisition of Dust Photonics has expanded ...
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