{"company":{"slug":"credo-technology","name":"Credo Technology","legal_name":"Credo Technology Group Holding Ltd","aliases":["Credo","CRDO"],"primary_layer":"L2","primary_topic_id":"optical-modules","secondary_topics":null,"hq_country":"US","hq_city":"San Jose","founded_year":2008,"is_public":true,"ticker":"CRDO","description":"Active electrical cables (AECs) + retimer + serdes ICs. AEC adoption inside racks the cheaper alternative to optical for sub-7m runs. 800G / 1.6T product cycle."},"profile":{"snapshot":"AEC interconnect supplier; Q1 FY26 revenue +274% YoY on hyperscaler AI scale-out, 86% one customer","stack_layer":"L3","why_join_top_2":["Revenue scaled from FY2025 $436.8M (+126%) to Q1 FY2026 $222.8M (+274% YoY, signal 99e2e808) and ~$280M in Q2 FY2026 — hypergrowth funding the SerDes, optical-DSP and signal-integrity hires posted Feb–May 2026.","Customer base is de-risking: a second hyperscaler crossed >10% revenue (signal 7398907d, 2025-09-02) and the 1.6T 200G/lane ramp (2025-12-01) opens scale-up TAM, matched by an AI-data-center FAE hire dated 2026-05-06."],"peer_comparison":{"substitute":{"name":"Arista Networks","delta":"Arista's switch-vendor AI fabrics (Spectrum-X) could push integrated optical/short-reach link designs that reduce discrete AEC attach inside hyperscaler racks."},"direct_competitor":{"name":"Semtech","delta":"Semtech sells copper/optical short-reach SerDes PMDs for the same AI intra-rack interconnect slot but lacks Credo's hyperscaler-scale AEC cable + retimer franchise."}},"self_quality_score":{"notes":"Top risk quantifies the 86% single-customer concentration as a 2-quarter falsifiable scenario.","originality":7,"evidence_density":9,"anti_generic_pass":true,"reverse_hype_present":true},"strategic_position":{"top_risk":"Roughly 86% of revenue came from one hyperscaler (signal 2a71d353); if that customer in-sources or shifts to optical/802.3 copper in the next 2 quarters, revenue contracts sharply.","their_bet":"1.6T 200G/lane AEC plus optical DSP (signal 968f78b1) bets copper stays the cheaper, lower-power alternative to optics as AI racks move to scale-up Ethernet.","what_they_do_best":"Power-efficient copper AECs for sub-7m in-rack AI scale-out links, evidenced by FY2025 revenue of $436.8M (+126%, signal 04e9ab97) and Q1 FY2026 +274% YoY."},"top_business_signals_90d":[{"summary":"Q2 FY2026 hit record ~$280M revenue with continued triple-digit YoY growth and another raised full-year outlook.","signal_id":"206c55a5-f01b-414c-ad78-e3da5401d5a8","evidence_quote":"Credo reported record fiscal Q2 2026 revenue of approximately $280 million, continuing triple-digit year-over-year growth as AEC and optical DSP demand for AI networking accelerated"},{"summary":"A second hyperscaler crossed >10% of revenue, with AEC programs now in production across multiple hyperscale AI deployments.","signal_id":"7398907d-3d86-44f6-b72c-346b4fab51e6","evidence_quote":"a second major hyperscaler had become a greater-than-10% revenue customer and that AEC programs were now in production across multiple hyperscale AI networking deployments"},{"summary":"1.6T (200G/lane) AEC and optical DSP line entered production ramp, extending copper into scale-up plus scale-out fabrics.","signal_id":"968f78b1-f9e8-4949-8935-37a0da267970","evidence_quote":"Credo detailed its 1.6 Tbps (200G-per-lane) AEC and optical DSP product line entering production ramp, positioning power-efficient copper AECs for next-generation AI rack scale-up and scale-out"}],"top_hiring_specialties_60d":[{"job_count":2,"specialty":"signal integrity / high-speed interconnect & PCB (AEC)"},{"job_count":1,"specialty":"optical DSP algorithms / optical PHY"},{"job_count":1,"specialty":"SerDes & mixed-signal IC design"}]},"recent_business_signals":[{"signal_type":"customer_win","signal_date":"2026-02-25","signal_data":{"customer_name":"Amazon Web Services","evidence_tier":"bootstrap_curated_v1","product_or_capacity":"Active Electrical Cables (AEC) for AWS Trainium cluster rack interconnect","customer_canonical_id":null,"bootstrap_source_label":"Credo IR","customer_canonical_slug":null},"source":"customer_wins_seed"},{"signal_type":"product_launch","signal_date":"2025-12-01","signal_data":{"status":"production ramp / next-gen design wins cited on Q2 FY2026 call","key_specs":"200 Gbps per lane SerDes, 1.6T AEC for next-gen AI rack scale-out / emerging scale-up Ethernet connectivity","product_family":"1.6 Tbps (200G/lane) Active Electrical Cables and optical DSPs","topic_relevance":"copper AEC as a power-efficient alternative for in-rack scale-up and rack-to-rack scale-out AI fabric links"},"source":"ai_synthesis_sdk"},{"signal_type":"earnings","signal_date":"2025-12-01","signal_data":{"note":"record quarterly revenue; exact figure approximate from recollection, strong triple-digit YoY growth continued","report_type":"quarterly earnings release","fiscal_period":"Q2 FY2026 (quarter ended ~Nov 1, 2025)","revenue_usd_approx":280000000},"source":"ai_synthesis_sdk"},{"signal_type":"earnings","signal_date":"2025-09-02","signal_data":{"note":"record quarterly revenue, more than tripling year over year","report_type":"quarterly earnings release","revenue_usd":222800000,"fiscal_period":"Q1 FY2026 (quarter ended ~Aug 2, 2025)","yoy_growth_pct":274},"source":"ai_synthesis_sdk"},{"signal_type":"customer_win","signal_date":"2025-09-02","signal_data":{"event":"customer diversification milestone","detail":"second major hyperscaler became a >10% revenue customer; multiple hyperscale AEC programs in production","source":"Q1 FY2026 earnings call commentary","product":"Active Electrical Cables for AI scale-out Ethernet"},"source":"ai_synthesis_sdk"},{"signal_type":"other","signal_date":"2025-06-02","signal_data":{"context":"AEC adoption for AI back-end Ethernet fabric","disclosure_type":"customer concentration (FY2025 results / 10-K)","customer_descriptor":"a single large hyperscaler (AI scale-out networking buyer)","largest_customer_revenue_share_pct_approx":86},"source":"ai_synthesis_sdk"},{"signal_type":"earnings","signal_date":"2025-06-02","signal_data":{"report_type":"quarterly + annual earnings release","fiscal_period":"Q4 FY2025 and full-year FY2025 (quarter ended May 3, 2025)","primary_driver":"Active Electrical Cables (AEC) for AI back-end / scale-out Ethernet networking","q4_revenue_usd":170000000,"q4_yoy_growth_pct":179.7,"fy2025_revenue_usd":436800000,"fy2025_yoy_growth_pct":126},"source":"ai_synthesis_sdk"}],"recent_talent_signals":[{"job_title":"Field Applications Engineer, AI Data Center","job_level":"senior","job_specialty":["applications engineering","customer enablement"],"posted_date":"2026-05-06"},{"job_title":"Principal Hardware Engineer, Connectivity Systems","job_level":"principal","job_specialty":["hardware design","high-speed pcb design"],"posted_date":"2026-04-24"},{"job_title":"Senior DSP Algorithm Engineer, Optical DSP","job_level":"senior","job_specialty":["dsp algorithms","optical phy"],"posted_date":"2026-04-02"},{"job_title":"Staff SerDes Design Engineer","job_level":"staff","job_specialty":["serdes design","mixed-signal IC design"],"posted_date":"2026-03-09"},{"job_title":"Signal Integrity Engineer, AEC Products","job_level":"mid","job_specialty":["signal integrity","high-speed interconnect"],"posted_date":"2026-02-21"}],"citation_url":"/companies/credo-technology","last_updated":"2026-06-11T11:50:09.736+00:00","generated_at":"2026-06-11T19:25:38.341Z"}