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Credo Technology Group Holding Ltd. (CRDO) reported a significant acceleration in its second-quarter fiscal 2026 results, with revenues reaching $268 million, marking a 20% sequential increase and a 272% year-over-year rise. This growth was mainly driven by the expanding Active Electrical Cable (AEC) business, which is now the company’s fastest-growing segment.
In the fiscal second quarter, four hyperscalers each contributed over 10% to total revenues, while a fifth hyperscaler has begun contributing initial revenues. The strong adoption of Credo’s AEC solutions, which offer up to 1,000 times more reliability and 50% lower power consumption compared to optical solutions, underlines the company’s momentum. With fiscal third-quarter revenues expected to jump 27% sequentially, and fiscal 2026 revenues projected to grow over 170% year-over-year, Credo’s position in the AI connectivity solutions market continues to strengthen.
The diversification of its customer base and the emergence of new hyperscalers is expected to enhance revenue stability, reducing risks associated with customer concentration, which is vital as AI clusters scale into larger configurations.
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