Data Center
Credo Reports 180% YoY Growth and 20% GAAP Operating Margin
Credo continues to report outstanding revenue growth, up 180% YoY in Q4 and guided to accelerate further in Q1 as management touted growing traction with hyperscalers, new design wins in qualification and strong customer forecasts driving sustained AEC growth. GAAP margins have expanded significantly down the line with operating margin quickly approaching 20% as signs of operating leverage emerge. Management hinted that a new optical DSP deal with a hyperscaler represents its largest revenue opportunity to date, with two new hyperscaler customers ramping up in FY26. Credo also projected triple-digit optics growth and a focus on energy efficiency supporting AEC growth next year. Backed by these arising revenue streams, Credo guided for revenue growth of 85%+ to over $800 million.
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