Credo Technology Group Holding Ltd

SAN JOSE, Calif.--(BUSINESS WIRE)-- Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, will showcase its latest optical connectivity technologies and silicon photonics innovations at ECOC 2026, taking place September 21-23 at FYCMA in Málaga, Spain. Credo Booth Demonstration Highlights (Booth #2056) 1.6T 2xDR4 Fully Retimed Module Powered by Credo's Cardinal 802 1.6T DSP and Kfir 200G silicon photonics PIC, the solution delivers advanced optical connectivity to support the growing bandwidth demands of AI and cloud infrastructure. 800G & 1.6T ZeroFlap Optics + PILOT High-performance optical interconnect solutions featuring real-time link health monitoring and root-cause diagnostics through the Credo PILOT observability platform, enabling greater visibility and reliability at AI scale. Presentations Workshop: Can Fast Narrow Channels Keep Rising Without Limit or Will Slow and Wide Become the Winner? September 20 at 4:00 p.m., PV-R Multipurpose Room Credo Speaker: Mohsen Asad, Senior Director of Core Technology Presentation: Scaling Optical Reliability with Bandwidth Across AI Clusters September 23 at 2:40 p.m., Market Focus Theatre Credo Speaker : Rajan Pai, Vice President of Optical Solutions To request a meeting or product demo, please contact sales@credosemi.com. About Credo Credo’s mission is to transform connectivity at scale through fast, reliable, and energy-efficient system solutions. Our high-speed copper and optical interconnect technologies deliver industry-leading power and performance from chip to cluster to meet the ever-expanding data infrastructure demands of AI. Our vertically integrated connectivity portfolio is comprised of our flagship purple ZeroFlap (ZF) Active Electrical Cables (AECs) and ZF optical transceivers; optical components inclu

SAN JOSE, Calif.--(BUSINESS WIRE)-- Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, will showcase its newest optical and copper interconnect products for scaling AI infrastructure at AI Infra Summit 2026. AI Infra Summit 2026 takes place September 15-17 at the Santa Clara Convention Center in Santa Clara, California. Credo Booth Demonstration Highlights (Booth #810) ZeroFlap Optics: The latest transceivers in the ZeroFlap Optics family built for reliability at AI scale, delivering the bandwidth and operational stability required for large AI deployments. 800G ZeroFlap Optics + PILOT: High-performance optical connectivity paired with real-time link telemetry through the Credo PILOT observability platform, providing enhanced visibility into network health and performance. 1.6T ZeroFlap Active Electrical Cable(AEC) + PILOT: Advanced AEC solution delivering high-speed AI interconnects with telemetry, diagnostics, and fault analysis capabilities through PILOT. Toucan Gen6 PCIe AEC + PILOT: PCIe connectivity solution providing real-time telemetry and rapid fault isolation for GPU-intensive AI workloads. Panels and Presentations: Panel: Scale-Out: Network Architectures for Accelerating Distributed AI Workloads at Scale September 15 at 2:20 p.m. as part of the Data Movement Track Credo Speaker: Don Barnetson, Senior Vice President of Product Presentation: Breaking the AI Inference Memory Wall with Credo OmniConnect September 16 at 11:30 a.m. in Expo Theater 2 Credo Speaker: Vishal Shah, Vice President of Product Presentation: ZeroFlap Optics: Scaling Reliability with Bandwidth September 17 at 11:00 a.m. as part of the Compute Track Credo Speaker: Rajan Pai, Vice President of Optical Solutions To request a meeting or product demo, please contact sales@credosemi.com. Abou

SAN JOSE, Calif.--(BUSINESS WIRE)-- Credo Technology Group Holding Ltd (Credo) (Nasdaq: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, today announced financial results for the first quarter of fiscal year 2027, ended August 1, 2026. First Quarter of Fiscal Year 2027 Financial Highlights Revenue of $479.0 million, grew by 9.6% quarter over quarter and 114.7% year over year GAAP gross margin of 64.5% and non-GAAP gross margin of 68.0% GAAP operating expenses of $188.4 million and non-GAAP operating expenses of $95.2 million GAAP net income of $129.4 million and non-GAAP net income of $236.3 million GAAP diluted net income per share of $0.67 and non-GAAP diluted net income per share of $1.20 Ending cash and short-term investment balance of $764.3 million Management Commentary Bill Brennan, Credo’s President and Chief Executive Officer, stated, “During the first quarter of fiscal 2027, Credo delivered revenue of $479.0 million and non-GAAP net income of $236.3 million, representing 115% and 140% year-over-year growth respectively. Our portfolio now spans connectivity from millimeters to kilometers, with solutions across optics and copper. As AI infrastructure scales, we will continue to provide an innovative suite of reliable and energy-efficient connectivity solutions for the data center.” Second Quarter of Fiscal 2027 Financial Outlook Revenue is expected to be between $525 million and $535 million GAAP gross margin is expected to be between 62.9% and 64.9%, and non-GAAP gross margin is expected to be between 67.0% and 69.0% GAAP operating expenses are expected to be between $199 million and $204 million, and non-GAAP operating expenses are expected to be between $100 million and $105 million Conference Call Credo will conduct a conference call on Tuesday, September 1, 2026, at 2:00 p.m. Pacific Time to discuss its financial results for the first quarter of fiscal year 2027, ended August 1, 2026. Interested parties may join the conference call by dialing 833-461-5787 (toll-free) or +1 585-542-9983 (international). The conference ID for the call is 702097177. It is recommended that participants dial in to the call at least 10 minutes before the start of the call. A live webcast of the conference call will be available on Credo’s Investor Relations website at http://investors.credosemi.com. A replay of the webcast will be available via the web at http://investors.credosemi.com. Discussion of Non-GAAP Financial Measures This press release contains references to the non-GAAP financial measures of non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income (loss), non-GAAP operating income (loss) margin, non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share. Reconciliation of these non-GAAP measures to their comparable GAAP measures is

Supports Development of Interoperable Near-Package and Co-Packaged Optical Interconnects for Next-Generation AI Infrastructure SAN JOSE, Calif.--(BUSINESS WIRE)-- Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, today announced that it is now a member of the Open CPX MSA (Open Co-packaged Interface Multi-Source Agreement). Credo joins a growing consortium of companies collaborating through the Open CPX MSA to advance interoperable near-package and co-packaged optical interconnect architectures for future AI scale-out and scale-up networks.News Highlights:Credo joins the Open CPX MSA to help drive an ecosystem of interoperable optical solutions that deliver the bandwidth, density, and power efficiency required for next-generation AI infrastructure.Established in March of 2026, the Open CPX MSA is developing open specifications for optimized optical engines that enable high-speed, high-density connectivity between ASICs and near-package optics (NPO) and co-packaged optics (CPO) interconnects.The Open CPX MSA specifications will standardize mechanical, thermal, electrical, optical, and management interfaces, helping ensure interoperability and accelerate the adoption of next-generation AI networking architectures.Credo will support silicon photonics-based photonic integrated circuits (SiPho PICs), optical DSPs, and other components for the Open CPX MSA standard.“The Open CPX MSA provides an important framework for advancing an open, multi-vendor ecosystem as the industry explores new architectures to scale AI by bringing optical connectivity closer to the ASIC,” said Ronnen Lovinger, Vice President of Silicon Photonics at Credo. “Joining the Open CPX MSA will enable Credo to support the ecosystem with a full suite of SiPho PICs, optical DSPs and other components to meet the growing needs of our customers.”As AI infrastructure scales, moving data between ASICs and optical interconnects becomes increasingly challenging due to the power, signal integrity, and density limitations of high-speed electrical connections. By bringing optical connectivity closer to the ASIC, CPO and NPO architectures can reduce the distance data must travel electrically before being converted to light.The Open CPX MSA brings the industry together to advance next-generation optical solutions that improve AI network efficiency and scalability while preserving the flexibility and benefits of a multi-vendor ecosystem. The initial target of the MSA is an optimized optical engine with a defined pluggable socket and electrical connector system that supports both optical and copper connectivity.About the Open CPX MSAOpen CPX MSA is an international organization dedicated to easing the adoption of optical engines by providing commonized mechanical and performance parameters for ecosystem suppliers and end users. Its goal is to reduce power, cost, and latency, while improving bandwidth density, capacity, and the reliability of high-speed co-packaged and near-package interconnects for AI data center ap

SAN JOSE, Calif.--(BUSINESS WIRE)-- Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, today announced that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference. Conference: 2026 Goldman Sachs Communacopia + Technology Conference Date: Thursday, September 10, 2026 Time: 10:50 a.m. PT Location: San Francisco, California The presentation will be webcast live on Credo’s IR website at http://investors.credosemi.com/. The webcast replay will be available as soon as possible following the event on Credo’s IR website. About Credo Credo’s mission is to transform connectivity at scale through fast, reliable, and energy-efficient system solutions. Our high-speed copper and optical interconnect technologies deliver industry-leading power and performance from chip to cluster to meet the ever-expanding data infrastructure demands of AI. Our vertically integrated connectivity portfolio is comprised of our flagship purple ZeroFlap (ZF) Active Electrical Cables (AECs) and ZF optical transceivers; optical components including silicon photonics-based photonic integrated circuits (SiPho PICs) and DSPs; OmniConnect AI memory and chip-to-chip interconnect; and retimers for Ethernet and PCIe—supported by our PILOT diagnostic and analytics software platform. Credo innovations enable our customers to connect the systems that connect the world. For more information, please visit https://www.credosemi.com. Follow Credo on LinkedIn. Credo, the Credo logo and the color purple when associated with AECs are registered trademarks of Credo Technology Group Limited in the United States and other jurisdictions. All other trademarks referenced herein are the property of their respective owners. Media Contact: Diane Vanasse diane.vanasse@credosemi.com Investor Contact: Dan O’Neil dan.oneil@credosemi.com Source: Credo

SAN JOSE, Calif.--(BUSINESS WIRE)-- Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, today announced it will hold a conference call on Tuesday, September 1, 2026, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal first quarter ended August 1, 2026. The news release announcing the first quarter fiscal year 2027 financial results will be disseminated on September 1, 2026 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Tuesday, September 1, 2026 by dialing 833-461-5787 (toll-free) or +1 585-542-9983 (international). The conference ID for the call is 702097177. It is recommended that participants dial in to the call at least 10 minutes before the start of the call. A live webcast of the conference call will be available on Credo’s Investor Relations website at http://investors.credosemi.com/. A replay of the webcast will be available via the web at http://investors.credosemi.com/. About Credo Credo’s mission is to transform connectivity at scale through fast, reliable, and energy-efficient system solutions. Our high-speed copper and optical interconnect products deliver industry-leading power and performance at up to 1.6T to meet the ever-expanding data infrastructure demands of AI. Our product portfolio includes ZeroFlap (ZF) Active Electrical Cables (AECs) and ZF optical transceivers, OmniConnect memory solutions, and a suite of retimers and DSPs for optical and copper Ethernet and PCIe, all leveraging the PILOT diagnostic and analytics software platform. Credo innovations enable our customers to connect the systems that connect the world. For more information, please visit https://www.credosemi.com. Follow Credo on LinkedIn. Credo, the Credo logo and the color purple when associated with AECs are registered trademarks of Credo Technology Group Limited in the United States and other jurisdictions. All other trademarks referenced herein are the property of their respective owners. Media Contact: Diane Vanasse diane.van