CREDO TECHNOLOGY GROUP HOLDING Stock Price, News & Analysis

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.

Credo Technology (NASDAQ: CRDO) reported strong Q4 FY2025 financial results with revenue of $170.0 million, up 25.9% QoQ and 179.7% YoY. The company achieved a GAAP gross margin of 67.2% and GAAP net income of $36.6 million ($0.20 per diluted share). For full FY2025, revenue grew 126% YoY to $436.8 million, driven by increasing demand for high-performance connectivity solutions, particularly from hyperscaler customers powering AI services. Looking ahead to Q1 FY2026, Credo expects revenue between $185.0-195.0 million and GAAP gross margin of 63.4-65.4%. The company maintains a strong financial position with $431.3 million in cash and short-term investments.

Credo Technology Group (NASDAQ: CRDO) has launched PILOT, a new diagnostic and analytics software platform designed to enhance link reliability and performance across high-speed connectivity solutions. The platform supports Credo's full suite of connectivity offerings, including SerDes IP, retimer ICs, and Active Electrical Cables (AEC).

PILOT's key features include real-time link integrity monitoring, minimized link flaps, predictive diagnostics with AI-powered analytics, an intuitive debug environment, and a secure, customizable architecture. The platform is specifically engineered for hyperscale data centers, AI clusters, and cloud-scale infrastructure, enabling network administrators to proactively detect and resolve signal degradation issues before they impact workloads.

The software is currently available for evaluation on Credo's PCIe retimers and will be rolled out across other product lines in coming quarters. Early-access customers have reported superior usability, faster deployment, and improved consistency in dense rack-scale environments.

Credo Technology Group (Nasdaq: CRDO) has announced it will host a conference call on June 2, 2025, at 2:00 p.m. Pacific Time to discuss its fourth quarter and fiscal year 2025 financial results. The financial results will be released after market close on the same day.

Participants can join the call by dialing 888-596-4144 (toll-free) or +1 646-968-2525 (international) with conference ID 5251802. Registration is recommended 10 minutes before the call starts. A live webcast and replay will be available on Credo's Investor Relations website.

Credo Technology Group (NASDAQ: CRDO) has unveiled its new Lark family of optical Digital Signal Processors (DSPs), targeting next-generation AI applications, cloud computing, and hyperscale networks. The family includes two products: the Lark 800 for full retimed 800G transceivers and the Lark 850 for 800G Linear Receive Optics (LRO), with power consumption under 10W.

The Lark family represents Credo's fifth generation DSP architecture, featuring high performance, reliability, and low power consumption. Key features include programmable power-saving modes, scalability for various optical transceiver applications, and flexibility in architecture selection.

According to Cignal AI, over 9 million 800GbE modules were deployed in 2024, with more than 14 million forecasted for 2025, positioning the Lark DSP as a significant solution for reducing interconnect power consumption in datacenters.

Credo Technology Group Holding (Nasdaq: CRDO) has been awarded the 2025 Top Workplaces USA recognition, highlighting its excellence in creating an employee-centric workplace culture. The award, co-sponsored by Energage and USA TODAY, evaluates organizations with 150+ employees through engagement surveys focusing on cultural drivers including alignment, execution, and connection.

Among over 42,000 invited organizations, Credo stood out for its commitment to fostering collaboration, innovation, and employee satisfaction. CEO Bill Brennan emphasized the company's focus on creating an environment where teams feel valued and motivated. The semiconductor company's success is attributed to its strong emphasis on employee well-being, professional development, and diversity initiatives.

Credo Technology Group (NASDAQ: CRDO) will showcase its latest optical connectivity solutions at the 50th Optical Fiber Communications (OFC) Conference in San Francisco from April 1-3, 2025. The company will demonstrate a live AI scale-out network featuring single mode and multi-mode transceivers based on Credo digital signal processors (DSPs).

Key highlights include an 800G 2xDR4 transceiver consuming less than 10W of power and a 224Gb/s optical demonstration incorporating 3nm silicon. The company will also showcase Active Electrical Cables (AECs) for high-performance networking. Don Barnetson, SVP of Product, will participate in a panel discussion on AI's Optical Bottleneck on April 1.