Credo Technology Group Holding Ltd. (NASDAQ:CRDO) is one of the best up and coming stocks to buy for the next 3 years. On June 1, Credo Technology Group reported strong FQ4 and full-year fiscal 2026 results, with annual revenue more than tripling to $1.3 billion. FQ4 revenue reached $437.0 million, a 157.0% increase year-over-year, while non-GAAP net income for the fiscal year grew more than fivefold to $662 million. The company concluded the fiscal year with a solid balance sheet, holding $1.4 billion in cash and short-term investments.
CEO Bill Brennan credited this performance to the company's vertically integrated approach, which helps data center customers improve network reliability, maximize GPU utilization, and lower infrastructure power costs. Credo remains focused on maintaining this momentum as it enters fiscal 2027, continuing to provide connectivity solutions that accelerate cluster performance.
Looking ahead to FQ1 2027, the company expects revenue to fall between $465.0 million and $475.0 million. Credo Technology Group Holding Ltd. (NASDAQ:CRDO) projects non-GAAP gross margins to remain steady in the 67.0% to 69.0% range, while non-GAAP operating expenses are anticipated to be between $86.0 million and $90.0 million.
Credo Technology Group Holding Ltd. (NASDAQ:CRDO) develops high-speed connectivity products and solutions for the data infra market (specifically optical and electrical Ethernet and PCIe applications), including SerDes chiplets, integrated circuits, and electrical cables. The company is based in George Town, Cayman Islands and was founded on 2008 by Chi Fung Cheng and Yat Tung Lam.
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