ZeroFlap active electrical cables (AEC)
Hyperscale ramps drove almost all of fiscal 2026 growth.
The numbers
What it is
Copper active electrical cables that link AI accelerators, switches and servers at speeds from 100G to 1.6T. They are the company's largest revenue source.
Why it matters to the stock. Revenue rose from $436.8 million in fiscal 2025 to $1.34 billion in fiscal 2026, and AEC volume explains almost all of that increase. A trader watching Credo is mostly watching hyperscale AEC orders.
News
Credo fiscal Q1 2027 revenue rises 115% to $479 million; Q2 guided to $525-535 million
Credo reported first-quarter fiscal 2027 revenue of $479.0 million, up 114.7% from a year earlier and 9.6% from the prior quarter.
Credo fiscal 2026 revenue tops $1.3 billion; Q1 fiscal 2027 guided to $465-475 million
Credo reported fiscal fourth-quarter revenue of $437.0 million, up 157% from a year earlier, and full-year fiscal 2026 revenue of about $1.3 billion, more than triple the prior year.
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%.
Credo pre-announces fiscal Q3 revenue above range and sets a higher Q4 outlook
Credo said preliminary, unaudited revenue for the fiscal third quarter ended January 31, 2026 would be between $404 million and $408 million, well above its earlier $335 million to $345 million range.
Credo and 3M sign patent license agreement covering active electrical cable patents
Credo announced a patent license and mutual covenant agreement with 3M that covers Credo's active electrical cable patents.