CREDO TECHNOLOGY GROUP HOLDING Stock Price, News & Analysis

Credo Technology (NASDAQ: CRDO) has unveiled its groundbreaking Bluebird Digital Signal Processor (DSP) for 1.6Tbps optical transceivers, designed specifically for AI networks. The new DSP enables 224Gbps per lane PAM4 data transmission with industry-leading power efficiency, allowing 1.6T transceivers to operate at under 20W power consumption.

The Bluebird DSP features ultra-low latency below 40ns in each direction and supports high-density 800G or high-capacity 1.6T optical transceivers. Key capabilities include advanced telemetry features for link monitoring, optional IEEE-compliant error correction for various fiber reaches, and dynamic performance optimization features for different operating environments.

Credo Technology (Nasdaq: CRDO), a provider of high-speed connectivity solutions for AI and cloud computing, reported strong Q1 FY2026 financial results. The company achieved revenue of $223.1 million, marking a dramatic 274% year-over-year growth and 31% quarter-over-quarter increase.

Key financial metrics include a GAAP gross margin of 67.4%, GAAP net income of $63.4 million, and non-GAAP net income of $98.3 million. The company reported GAAP diluted EPS of $0.34 and non-GAAP diluted EPS of $0.52.

Looking ahead to Q2 FY2026, Credo expects revenue between $230.0-240.0 million and GAAP gross margin between 63.5-65.5%. The company maintains a strong financial position with $479.6 million in cash and short-term investments.

Credo Technology Group (NASDAQ: CRDO), a provider of secure, high-speed connectivity solutions, has announced a settlement agreement with Volex plc regarding a patent dispute over Credo's active electrical cable technology. The agreement includes licensing terms and will result in the dismissal of the ongoing lawsuit between the parties.

While specific terms remain confidential, both companies expressed satisfaction with the amicable resolution through a joint statement. The settlement resolves all patent infringement claims related to Credo's active electrical cable technology.

Credo Technology Group (NASDAQ: CRDO), a provider of secure, high-speed connectivity solutions for AI applications, cloud computing, and hyperscale networks, has announced its participation in the upcoming 2025 Goldman Sachs Communacopia + Technology Conference.

Chairman, President and CEO Bill Brennan and CFO Dan Fleming will present on September 10, 2025, at 3:45 p.m. PT in San Francisco. The presentation will be available via live webcast on Credo's investor relations website, with a replay accessible shortly after the event.

Credo Technology Group (NASDAQ: CRDO), a provider of secure, high-speed connectivity solutions, has announced a settlement agreement with Amphenol regarding their patent disputes over active electrical cable technology. The agreement includes a licensing arrangement between the two companies.

The settlement will result in the dismissal of all pending lawsuits between the parties. While specific terms remain confidential, Credo's Senior VP of Product, Don Barnetson, expressed satisfaction with the amicable resolution of the disputes.

Credo Technology Group (NASDAQ: CRDO), a provider of secure, high-speed connectivity solutions for AI, cloud computing, and hyperscale networks, has scheduled its fiscal first quarter 2026 earnings conference call for September 3, 2025, at 2:00 p.m. Pacific Time.

The company will release its financial results for the quarter ended August 2, 2025, after market close on the same day. Participants can join via phone using the toll-free number 800-715-9871 or international number +1 646-307-1963 with conference ID 5251802. A live webcast and replay will be available on Credo's Investor Relations website.

xLight has successfully raised $40 million in Series B funding, led by Playground Global and joined by Boardman Bay Capital Management, Morpheus Ventures, and others. The funding will support the development of powerful extreme-ultraviolet (EUV) free electron lasers for advanced semiconductor manufacturing.

The company aims to create transformational light sources that address key industry challenges in cost, capabilities, and capacity. xLight's technology promises tenfold improvements over existing technologies, potentially revolutionizing semiconductor manufacturing and helping maintain Moore's Law progression.

xLight maintains strategic partnerships with Cornell Laboratory (CLASSE), Los Alamos National Laboratory (LANL), and Fermi National Accelerator Laboratory, focusing on system design, machine learning automation, and superconducting radio frequency technology development.

Credo Technology Group (NASDAQ: CRDO) announced that its Chairman, President and CEO, Bill Brennan, has been elected to the Board of Directors of the Global Semiconductor Alliance (GSA). The GSA is the leading industry organization uniting the worldwide semiconductor industry.

In his role as a GSA Board Member, Brennan will work with industry leaders to drive innovation, address key challenges, and strengthen the semiconductor ecosystem. The appointment aligns with Credo's focus on developing energy-efficient connectivity solutions for cloud computing, AI, and hyperscale networks.

Credo Technology Group Holding Ltd (NASDAQ: CRDO), a provider of secure high-speed connectivity solutions, announced that CEO Bill Brennan and CFO Dan Fleming will present at the 2025 Mizuho Technology Conference. The presentation is scheduled for Tuesday, June 10, 2025, at 1:20 p.m. ET in New York City. Investors can access the live webcast through Credo's IR website at investors.credosemi.com, where a replay will also be available after the event.