Credo Technology Group Holding Ltd (CRDO) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

leading pilot, debug, and telemetry platform has allowed us to forge deep strategic partnerships. Let me now walk through our business in detail, starting with our active electrical cables. The AEC product line remains the fastest-growing segment in the company. This step function improvement in reliability and power efficiency that's driving the expansion of the AEC TAM into 100 gig and now 200 gig per lane generations. And we expect that trend to continue as customers densify racks and push cluster scale to new levels. Next, our IC business, which includes retimers and optical DSPs, also continued with strong performance. We expect significant optical DSP growth in fiscal 26, driven by 50 gig and 100 gig per lane deployments, with longer-term growth driven by our 200 gig per lane solutions. Live demonstrations last quarter of our 200 gig per lane Bluebird optical DSP drew significant interest and extremely positive feedback. Ethernet re-timers remain important in both traditional switching fabrics and the fast-growing AI server segment, where features like MACSEC encryption, Gearbox functionality, and rich software programmability are highly valued. Our PCIe retimer and AUC families are also progressing on plan. Customer silicon evaluations have consistently highlighted our best-in-class combination of reach, latency, and power efficiency, a rare trifecta enabled by our unique purpose-built service architecture. We remain on track for PCIE design wins in fiscal 26, followed by meaningful production revenue in fiscal 27. Our existing AEC and IC businesses both address multi-billion dollar market opportunities with excellent visibility for continued growth. But the truly exciting part of this quarter is that we've added three entirely new growth pillars, each represe...