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Credo’s Record Quarter Rides AI Data-Center Buildout as It Licenses AEC Tech to Siemon

Hyperscaler buildouts drove a 272% revenue jump with gross margin at 67.5%.

Overview

  • Credo reported fiscal Q2 FY2026 revenue of $268 million, up 272% year over year and 20% sequentially, with net income of $86.2 million, EPS of $0.44, and cash of $813.6 million.
  • CEO Bill Brennan said the performance reflects the ongoing build-out of large AI training and inference clusters.
  • On Nov. 24, Credo and The Siemon Company announced a license covering Credo’s active electrical cable patents, with terms and any exclusivity not disclosed.
  • Active Electrical Cables use embedded signal processing to extend and stabilize high-speed links between GPUs and CPUs in data centers, improving efficiency over passive copper.
  • Shares have set new highs in 2025, rising more than 180% year to date following the record quarter.