<p>Credo Technology surged over 6% after hours as the company announced its Q1 fiscal year 2026 results: revenue of $223.1 million, a year-on-year increase of 274% and a quarter-on-quarter increase of 31%; adjusted net profit of $98.3 million; GAAP gross margin of 67.4% and non-GAAP gross margin of 67.6%. Looking ahead to Q2 2026, the company expects revenue to be between $230 million and $240 million; GAAP gross margin is expected to be between 63.5% and 65.5%, while non-GAAP gross margin is expected to be between 64.0% and 66.0%</p>

CRDO

<p>Credo Technology rose over 6% in after-hours trading after the company announced its Q1 results for fiscal year 2026, with revenue of $223.1 million, a year-on-year increase of 274% and a quarter-on-quarter increase of 31%; adjusted net profit was $98.3 million, with a GAAP gross margin of 67.4% and a non-GAAP gross margin of 67.6%. Looking ahead to Q2 of 2026, revenue is expected to be between $230 million and $240 million, with a GAAP gross margin between 63.5% and 65.5%, and a non-GAAP gross margin expected to be between 64.0% and 66.0%</p>

News