Credo Technology Group posted strong financial results for the fourth quarter and full fiscal year 2025, as rising demand for high-speed, energy-efficient connectivity solutions from hyperscaler customers fueled significant revenue growth. For the quarter ending May 3, 2025, Credo reported revenue of $170 million—up 25.9% sequentially and 179.7% year-over-year.
The company delivered GAAP net income of $36.6 million and non-GAAP net income of $65.3 million, with gross margins above 67%. Full-year revenue surged to $436.8 million, a 126% increase from the prior year. Credo ended the fiscal year with $431.3 million in cash and short-term investments, providing a solid foundation for continued expansion.
Looking ahead to Q1 FY26, Credo expects revenue between $185 million and $195 million, as well as non-GAAP gross margins between 64.0% and 66.0%. The company noted ongoing growth in AI-driven applications as a key tailwind for its connectivity portfolio, including low-power interconnects essential for scaling hyperscale infrastructure.
- Q4 FY25 revenue: $170M, up 179.7% YoY
- FY25 revenue: $436.8M, up 126% YoY
- Q4 non-GAAP net income: $65.3M; EPS: $0.35
- Q4 GAAP gross margin: 67.2%
- Ending cash and investments: $431.3M
- Q1 FY26 revenue forecast: $185M–$195M
“Our record-breaking results reflect strong adoption of our energy-efficient, high-performance connectivity solutions for AI infrastructure,” said Bill Brennan, President and CEO of Credo. “We believe demand from hyperscaler customers will remain robust well into the future.”