Credo and Marvell Report Strong Results in AI Connectivity Market
Credo Technology (CRDO) reported a significant revenue increase of 157% to $437 million for Q4 FY2026, with a high non-GAAP gross margin of 68.3%. Meanwhile, Marvell Technology (MRVL) posted $2.4 billion in Q1 FY2027 revenue and raised its fiscal year outlooks due to strong AI-related bookings.