Lates News

Credo Technology rose over 6% after hours, with the company announcing its performance for the first quarter of the 2026 fiscal year: revenue of $2.231 billion, a 274% increase year-on-year and a 31% increase quarter-on-quarter; adjusted net profit of $98.3 million; GAAP gross profit margin of 67.4% and non-GAAP gross profit margin of 67.6%. Looking ahead to the second quarter of 2026, the company expects revenue to be between $2.3 billion and $2.4 billion; GAAP gross profit margin is expected to be between 63.5% and 65.5% and non-GAAP gross profit margin is expected to be between 64.0% and 66.0%.