CRDO

// // Company Named a USA TODAY Top Workplace and San Francisco Bay Area Top Workplace for Creating People-First Culture SAN JOSE, Calif.--(BUSINESS WIRE)-- Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, has been recognized as a winner of the prestigious 2026 USA TODAY Top Workplaces award for the second year in a row. The award reflects Credo’s continued commitment to fostering a workplace culture that empowers employees, celebrates collaboration, and fuels innovation. Credo has been named a USA TODAY Top Workplace and a San Francisco Bay Area Top Workplace for creating people-first culture. The USA TODAY Top Workplaces awards honor organizations with 150 or more US employees that have built exceptional, people-first cultures. This year, more than 100,000 organizations were invited to participate. Winners are determined based on authentic employee feedback gathered through an anonymous survey conducted by Energage, the HR research and technology company behind the Top Workplaces program since 2006. Results are calculated from employee responses to key statements aligned with specific workplace experience themes, and are proven indicators of high-performing organizations. The results also placed Credo as a winner in the 2026 San Francisco Bay Area Top Workplaces program, conducted in partnership with Axios, for the third year in a row, and a 2026 Culture Excellence Awards winner in multiple categories—all based on employee feedback from Energage’s workplace survey. Credo was honored in the following core areas of the employee experience proven to drive performance: Innovation, Work-Life Flexibility, Compensation and Benefits, Leadership, Purpose and Values, Professional Development, Employee Well-Being and Employee Appreciation. “Being named a USA TODAY Top Workplace, and a San Francisco Bay Area Top Workplace, is especially meaningful because it reflects the voices of our employees—the people who shape our culture every day,” said Bill Brennan, President and CEO, Credo. “At Credo, we believe that strong teams, a shared sense of purpose, and a culture of trust and respect are essential to long-term success. This recognition reflects the exceptional people across our company and reinforces our commitment to creating an environment where innovation can thrive and everyone has the opportunity to make an impact.” “Earning a USA TODAY Top Workplaces award is a testament to an organization’s credibility and commitment to a people-first culture," said Eric Rubino, CEO of Energage. "This award, driven by real employee feedback, is more than just a recognition—it’s proof that your employees believe in the organization and its leadership. Job seekers and customers look for this trusted badge of credibility and excellence. It signals a company that values its people, and that kind of culture resonates in

// // SAN JOSE, Calif.--(BUSINESS WIRE)-- Credo Technology Group Holding Ltd (Nasdaq: CRDO) (“Credo”), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, today reported financial results for the fourth quarter and full fiscal year 2026, ended May 2, 2026. Fourth Quarter of Fiscal Year 2026 Financial Highlights Revenue of $437.0 million grew by 7.4% quarter over quarter and 157.0% year over year GAAP gross margin of 68.2% and non-GAAP gross margin of 68.3% GAAP operating expenses of $142.2 million and non-GAAP operating expenses of $81.7 million GAAP net income of $169.1 million and non-GAAP net income of $226.7 million GAAP diluted net income per share of $0.88 and non-GAAP diluted net income per share of $1.16 Ending cash and short-term investment balance of $1.4 billion Management Commentary Bill Brennan, Credo’s President and Chief Executive Officer, stated, “Fiscal 2026 marked another defining year for Credo. For the year, revenue more than tripled to $1.3 billion, and non-GAAP net income increased more than five times to $662 million. As we enter into fiscal 2027, Credo expects to achieve continued strong financial performance with our innovative and vertically integrated approach that enables customers to accelerate cluster time-to-stability, maximize GPU utilization, improve network reliability, and reduce overall infrastructure power and operating costs.” First Quarter of Fiscal Year 2027 Financial Outlook Revenue is expected to be between $465.0 million and $475.0 million GAAP gross margin is expected to be between 66.9% and 68.9%, and non-GAAP gross margin is expected to be between 67.0% and 69.0% GAAP operating expenses are expected to be between $167.6 million and $171.6 million, and non-GAAP operating expenses are expected to be between $86.0 million and $90.0 million Webcast and Conference Call Information Credo will conduct a conference call on Monday, June 1, 2026, at 2:00 p.m. Pacific Time to discuss its financial results for the fourth quarter and fiscal year 2026, ended May 2, 2026. Interested parties may join the conference call by dialing 833-461-5787 (toll-free) or +1 585-542-9983 (international). The conference ID for

// // Expands Optical Connectivity Portfolio to Include Silicon Photonics Photonic Integrated Circuits SAN JOSE, Calif.--(BUSINESS WIRE)-- Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, today announced that it has completed its acquisition of DustPhotonics. DustPhotonics brings industry-leading silicon photonics photonic integrated circuit (SiPho PIC) technology for optical connectivity, deepening Credo’s optical interconnect portfolio across 800G, 1.6T, and 3.2T near-packaged optics (NPO) and co-packaged optics (CPO). With this technology, Credo is now positioned with a vertically integrated connectivity stack spanning SerDes, digital signal processing (DSP), silicon photonics, and system integration for scale-out and scale-up networks — addressing both electrical and optical interconnects across the full AI infrastructure buildout. Credo announced that it has completed its acquisition of DustPhotonics. DustPhotonics brings industry-leading silicon photonics photonic integrated circuit (SiPho PIC) technology for optical connectivity, deepening Credo’s optical interconnect portfolio across 800G, 1.6T, and 3.2T near-packaged optics (NPO) and co-packaged optics (CPO). With this technology, Credo is now positioned with a vertically integrated connectivity stack spanning SerDes, digital signal processing (DSP), silicon photonics, and system integration for scale-out and scale-up networks — addressing both electrical and optical interconnects across the full AI infrastructure buildout. With the addition of DustPhotonics, the company expects its combined portfolio of ZeroFlap optical transceivers, optical DSPs, and silicon photonics products to become a significant growth driver in fiscal 2027, reflecting strong customer traction and expanding adoption across hyperscale AI deployments. “I am thrilled to officially welcome the talented team from DustPhotonics to Credo,” said Bill Brennan, President and CEO, Credo. “Today marks an important milestone as we join two deeply skilled organizations united by a shared commitment to innovation, execution, and customer impact. Together, we will continue to advance a powerful, end-to-end optical connectivity solution platform with reliability and power efficiency at its core, helping our customers scale AI infrastructure.” “Today we celebrate that DustPhotonics is now a part of Credo,” said

// // Collaboration Enables Reliable Scaling of AI Inference Workloads and Faster Time to First Token SAN JOSE, Calif. & SEOUL, South Korea--(BUSINESS WIRE)-- Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, and Rebellions, a global leader in AI inference infrastructure, are working together to bring turnkey, scalable AI factories to enterprises around the world. The collaboration integrates Credo’s ZeroFlap active electrical cables (AECs)—designed to deliver consistent, link flap-free connectivity—into the production-ready, high-performance Rebellions RebelPOD™. By integrating Credo’s ZeroFlap AECs, Rebellions helps enterprises accelerate time to first token and unlock AI cluster productivity. Credo’s ZeroFlap active electrical cables (AECs)—designed to deliver consistent, link flap-free connectivity—are integrated into the production-ready, high-performance Rebellions RebelPOD™. [Photo of the Rebellions RebelPOD™ courtesy of Rebellions.] Inference workloads must deliver immediate responsiveness, predictable latency, and continuous availability, often across large, distributed clusters operating at high utilization. Even brief connectivity instability or component failures can delay inference requests, increase queue times, and degrade user experience. Credo’s ZeroFlap AECs virtually eliminate intermittent link disruptions, reduce operational troubleshooting, and simplify maintenance, enabling AI infrastructure to remain online and performant as it scales. With Credo’s renowned plug-and-play purple AECs integrated into the Rebellions RebelPOD architecture, enterprises can deploy AI inference capacity faster while maintaining operational stability over time. “AI inference infrastructure must be designed not only for performance, but also for continuous operation at scale,” said Bill Brennan, President and CEO, Credo . “The integration of Credo’s ZeroFlap AECs in the Rebellions RebelPOD architecture enables enterprises to deploy AI factories that deliver exceptional uptime, reliability, and serviceability—key requirements for delivering fast time to stability and revenue.” “Rebellions is focused on making AI inference infrastructure practical, efficient and accessible for enterprises and organizations worldwide,” said Sunghyun Park, Co-Founder and CEO, Rebellions . “In collaboration with Credo, we are streamlining AI adoption at scale—from development to deployment—and minimizing infrastructure complexity so customers can utilize AI inference faster, with lower operational risk.” Credo’s award-winning ZeroFlap AECs are known for delivering highly reliable interconnect for AI backend networks, operating without link flaps for billions of field operating hours. Credo ZeroFlap AECs are the interconnects fo

// // SAN JOSE, Calif.--(BUSINESS WIRE)-- Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, today announced that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conferences. Conference: 2026 Evercore TMT Global Conference Date: Wednesday, June 3, 2026 Time: 8:20 a.m. PT Location: San Francisco, California Conference: 2026 BofA Global Technology Conference Date: Thursday, June 4, 2026 Time: 9:20 a.m. PT Location: San Francisco, California The presentations will be webcast live on Credo’s IR website at http://investors.credosemi.com/ . Webcast replays will be available as soon as possible following the events on Credo’s IR website. About Credo Credo’s mission is to transform connectivity at scale through fast, reliable, and energy-efficient system solutions. Our high-speed copper and optical interconnect products deliver industry-leading power and performance at up to 1.6T to meet the ever-expanding data infrastructure demands of AI. Our product portfolio includes ZeroFlap (ZF) Active Electrical Cables (AECs) and ZF optical transceivers, OmniConnect memory solutions, and a suite of retimers and DSPs for optical and copper Ethernet and PCIe, all leveraging the PILOT diagnostic and analytics software platform. Credo innovations enable our customers to connect the systems that connect the world. For more information, please visit https://www.credosemi.com . Follow Credo on LinkedIn . Credo, the Credo logo and the color purple when associated with AECs are registered trademarks of Credo Technology Group Limited in the United States and other jurisdictions. All other trademarks referenced herein are the property of their respective owners. Media Contact: Diane Vanasse [email protected] Investor Contact : Dan O’Neil [email protected] Source: Credo

// // SAN JOSE, Calif.--(BUSINESS WIRE)-- Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO) an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, today announced it will hold a conference call on Monday, June 1, 2026, at 2:00 p.m. Pacific Time to discuss its financial results for the fourth quarter and fiscal year ended May 2, 2026. The news release announcing the fourth quarter and fiscal year 2026 financial results will be disseminated on June 1, 2026 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Monday, June 1, 2026 by dialing 833-461-5787 (toll-free) or +1 585-542-9983 (international). The conference ID for the call is 721028678. It is recommended that participants dial in to the call at least 10 minutes before the start of the call. A live webcast of the conference call will be available on Credo’s Investor Relations website at http://investors.credosemi.com/ . A replay of the webcast will be available via the web at http://investors.credosemi.com/ . About Credo Credo’s mission is to transform connectivity at scale through fast, reliable, and energy-efficient system solutions. Our high-speed copper and optical interconnect products deliver industry-leading power and performance at up to 1.6T to meet the ever-expanding data infrastructure demands of AI. Our product portfolio includes ZeroFlap (ZF) Active Electrical Cables (AECs) and ZF optical transceivers, OmniConnect memory solutions, and a suite of retimers and DSPs for optical and copper Ethernet and PCIe, all leveraging the PILOT diagnostic and analytics software platform. Credo innovations enable our customers to connect the systems that connect the world. For more information, please visit https://www.credosemi.com . Follow Credo on LinkedIn . Credo, the Credo logo and the color purple when associated with AECs are registered trademarks of Credo Technology Group Limited in the United States and other jurisdictions. All other trademarks referenced herein are the property of their respective owners. <div class="b

// // SAN JOSE, Calif.--(BUSINESS WIRE)-- Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, will participate in the global TSMC 2026 Technology Symposium events, kicking off on April 22 nd in Santa Clara, California. Credo will participate in the global TSMC 2026 Technology Symposium events, kicking off on April 22nd in Santa Clara, California. Credo will be at the following TSMC 2026 Technology Symposiums and Workshops: April 22 nd - North America Technology Symposium, Santa Clara, booth #502 May 5 th - Austin Technology Workshop May 14 th - Boston Technology Workshop May 14 th - Taiwan Technology Symposium, Hsinchu May 28 th - Europe Technology Symposium, Amsterdam June 25 th - China Technology Symposium, Shanghai July 3 rd - Japan Technology Symposium, Yokohama At each event, Credo will spotlight the first solution in its OmniConnect family , Weaver, designed to break through the memory bottlenecks that limit AI inference scalability. Weaver combines ultra-efficient 112G VSR SerDes, available in TSMC 5nm and 3nm processes, with a lightweight AXI framer to deliver high-bandwidth, low-latency, and power-optimized connectivity between compute engines and memory—whether on-die, off-substrate, or across chiplets. Compared to conventional LPDDR5X, OmniConnect Weaver provides a 10x boost in I/O beachfront density and a 20x increase in memory density 1 . In addition to Weaver, Credo will also highlight its 224G PAM4 SerDes Intellectual Property (IP), proven in TSMC 3nm process. By enabling 224G per lane data transmission, the technology provides ultra-high speed 1.6Tbps bandwidth for the build out of next-generation AI, cloud computing and hyperscale applications. “Credo has a longstanding partnership with TSMC and we share a vision for accelerating AI through innovation and collaboration,” said Jeff Twombly, Vice President of Business Development at Credo. “TSMC’s Technology Symposium events bring the ecosystem together to learn, network, and exchange ideas. We value the opportunity to be part of these important discussions which are shaping the energy-efficient, scalable AI architecture of the future.” About

// // SAN JOSE, Calif.--(BUSINESS WIRE)-- Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, released its Fiscal Year (FY) 2025 Greenhouse Gas (GHG) Report, detailing its FY2025 operational emissions inventory. The report reflects Credo’s commitment to transparent reporting and the thoughtful management of its environmental footprint as the company continues to scale. Credo released its Fiscal Year (FY) 2025 Greenhouse Gas (GHG) Report, detailing its FY2025 operational emissions inventory. The report reflects Credo’s commitment to transparent reporting and the thoughtful management of its environmental footprint as the company continues to scale. The 2025 GHG Report focuses on direct office emissions across Credo’s global footprint (Scope 1), as well as purchased electricity consumed across its offices and laboratories (Scope 2). Credo worked with Carbonhound, a GHG accounting platform provider, to support calculation of Scope 1 and Scope 2 emissions using standardized emissions factors and calculation methodologies. The company’s emissions data has undergone independent third-party verification by Brightspot Climate Inc., reinforcing the accuracy and reliability of its disclosures. “At Credo, high-quality emissions data isn’t a reporting exercise—it’s a business input that shapes how we operate and how we support our customers with consistent, reliable information,” said Bill Brennan, CEO of Credo. “This report reflects the discipline we’re building around measurement and verification, giving us the visibility we need as we scale to meet growing demand for energy-efficient infrastructure.” Credo’s 2025 GHG Report builds upon the emissions baseline established in prior years and provides a consistent framework for ongoing disclosure. Credo plans to continue annual reporting of its GHG inventory and work toward including Scope 3 emissions in future disclosures to deliver a more comprehensive view of its value chain impact. To view Credo’s 2025 GHG Report, visit the link here . Additional information about the company’s environmental, social and governance (ESG) initiatives can be found on Credo’s ESG page . About

// // Acquisition will bring industry-leading Silicon Photonics PIC technology in-house, expanding Credo's addressable market and deepening its optical interconnect portfolio across 800G, 1.6T, and 3.2T NPO and CPO SAN JOSE, Calif.--(BUSINESS WIRE)-- Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency for the next generation of AI-driven applications, cloud computing, and hyperscale networks, today announced it has entered into a definitive agreement to acquire DustPhotonics, a leading developer of Silicon Photonics Photonic Integrated Circuit (SiPho PIC) technology for optical transceivers. The acquisition will position Credo with a vertically integrated connectivity stack spanning SerDes, Digital Signal Processing (DSP), Silicon Photonics and system integration for scale out and scale up networks — addressing both electrical and optical interconnects across the full AI infrastructure buildout. Credo Agrees to Acquire DustPhotonics, Accelerating Expansion into Silicon Photonics and Next Generation Optical Connectivity Strategic Rationale The acquisition of DustPhotonics directly accelerates Credo's optical interconnect roadmap and significantly expands its served addressable market in the global optical industry. DustPhotonics has developed a differentiated portfolio of SiPho PICs spanning 400G, 800G, and 1.6T, with a roadmap extending to 3.2T, that integrates key optical functions onto a single chip, reducing component complexity, improving manufacturing yields, and enabling meaningfully lower cost at scale as port speeds advance beyond 800G. In combination, these factors improve AI cluster reliability, a critical factor for data center operators. These SiPho PICs are deployed in transceivers at leading hyperscale AI clusters and are also in design for leading Near Port Optics (NPO) and Co-Packaged Optics (CPO) applications. According to LightCounting 1 and Credo estimates, the SiPho PIC market is expected to grow to $6 billion by 2030. Critically, SiPho PIC technology is a foundational component of Credo's ZeroFlap (ZF) Optical Transceiver platform. Bringing this capability in-house mitigates external supply dependencies, accelerates product development cycles, and creates a pathway to substantial cost structure improvement at volume. Combined with Credo's industry-leading SerDes and DSP intellectual property and products, the acquisition creates an end-to-end optical connectivity solution platform. Credo believes it has reached an inflection point in its optical business. With the addition of DustPhotonics, the company expects its combined portfolio of ZeroFlap Optical Transceivers, Optical DSPs, and Silicon Photonics products to generate greater than $500 million in optical revenue in fiscal 2027 , reflecting strong customer traction and expanding adoption across hyperscale AI deployments. Quotes Wi

// // SAN JOSE, Calif.--(BUSINESS WIRE)-- Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO) and TE Connectivity Corporation (NYSE: TEL) have reached a license and settlement agreement relating to AEC technology. Based on this agreement, all lawsuits between the two companies will be promptly dismissed. The terms of the agreement remain confidential. About Credo Credo’s mission is to redefine high-speed connectivity by delivering breakthrough solutions that enable the next generation of AI-driven applications. We are committed to enabling faster, more reliable, more energy-efficient, and scalable solutions that support the ever-expanding demands of AI, cloud computing, and hyperscale networks. Our innovations ease system bandwidth bottlenecks while simultaneously improving on power, security, and reliability. Our connectivity solutions are optimized for optical and electrical Ethernet applications, including the 100G (or Gigabits per second), 200G, 400G, 800G and the emerging 1.6T (or Terabits per second) port markets. Credo products are based on our proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include Integrated Circuits (ICs) for the optical and line card markets, Active Electrical Cables (AECs) and SerDes Chiplets. Our intellectual property (IP) solutions consist primarily of SerDes IP licensing. For more information, please visit https://www.credosemi.com . Follow Credo on LinkedIn . About TE Connectivity TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. As a trusted innovation partner, our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, energy networks, automated factories, data centers enabling artificial intelligence, and more. Our more than 90,000 employees, including 10,000 engineers, work alongside customers in approximately 130 countries. In a world that is racing ahead, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4646575-1%26h%3D4074388472%26u%3Dhttps%253A%252F%252Fwww.linkedin.com%252Fcompany%252Fte-connectivity%252F%26a%3DLinkedIn&esheet=54467477&newsitemid=20260327292789&lan=en-US&anchor=LinkedIn&index=5&md5=e24d31db1b52c71d8e58e74180760f7a" rel="nofollow" shape=