Credo Technology Group (CRDO) Q3 2025 Earnings Report

In Q3 2025, Credo Technology Group reported a record revenue of $135 million, marking an impressive 87% sequential and 154% year-over-year increase. The growth was primarily driven by heightened demand from its largest hyperscale customer in the AI sector, reflecting the increasing reliance on high-speed connectivity solutions in data-intensive applications. Management emphasized the expansion of its product lines and the successful ramping of its Active Electrical Cable (AEC) offerings, which have emerged as the preferred choice in data centers due to superior reliability and performance. With a non-GAAP gross margin of 63.8%, the company's continued focus on innovation aims to enhance its market positioning and pave the way for further revenue diversification moving forward.