Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Credo Technology Group Holding / Equity Bottom-Up

<ul><li>Credo Technology Group is riding a wave of explosive growth, with its Q1 FY2026 results showing a 274% yearover-year revenue surge to $223 million and record non-GAAP net income of $98 million.</li><li>This growth reflects its leadership in Active Electrical Cables (AECs) and high-speed optical DSP solutions, which power the AI infrastructure of hyperscale data centers.</li><li>Against this backdrop, Credo has announced its plan to acquire Hyperlume, a privately held firm specializing in ultra-fast microLEDs and ultra-low power circuitry designed to address the bandwidth and energy bottlenecks of traditional interconnects.</li></ul>

Credo Technology Group is riding a wave of explosive growth, with its Q1 FY2026 results showing a 274% yearover-year revenue surge to $223 million and record non-GAAP net income of $98 million.This growth reflects its leadership in Active Electrical Cables (AECs) and high-speed optical DSP solutions, which power the AI infrastructure of hyperscale data centers.Against this backdrop, Credo has announced its plan to acquire Hyperlume, a privately held firm specializing in ultra-fast microLEDs and ultra-low power circuitry designed to address the bandwidth and energy bottlenecks of traditional interconnects.

Credo Technology’s Hyperlume Deal: A Game-Changer For AI Connectivity Or A Risky Bet!

<ul><li>Credo Technology Group reported strong financial performance in the first quarter of fiscal 2026, with revenue reaching $223 million, marking a 31% sequential increase and a substantial 274% rise year-over-year.</li><li>The company achieved a non-GAAP gross margin of 67.6% and nearly $100 million in non-GAAP net income.</li><li>This growth is primarily driven by increased demand from hyperscalers and data center operators investing in AI infrastructure, necessitating high-speed connectivity solutions.</li></ul>

Credo Technology Group reported strong financial performance in the first quarter of fiscal 2026, with revenue reaching $223 million, marking a 31% sequential increase and a substantial 274% rise year-over-year.The company achieved a non-GAAP gross margin of 67.6% and nearly $100 million in non-GAAP net income.This growth is primarily driven by increased demand from hyperscalers and data center operators investing in AI infrastructure, necessitating high-speed connectivity solutions.

Credo Technology Group’s Market Expansion: Will Diversification Beyond AECs Future-Proof the Business?

Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

<ul><li>Google, Microsoft, and Facebook reported earnings.</li><li>Let’s discuss their capex plans and what that means for our new data center champion, Nvidia.</li><li>I think it’s pretty straightforward that Nvidia has revenue beats for the foreseeable future.</li></ul>

Google, Microsoft, and Facebook reported earnings.Let’s discuss their capex plans and what that means for our new data center champion, Nvidia.I think it’s pretty straightforward that Nvidia has revenue beats for the foreseeable future.

Google, Microsoft, Facebook and Nvidia: AI Spending Implications at the Hyperscalers

<ul><li>Credo Technology Group Holding Ltd has reported substantial financial growth in the third quarter of fiscal 2025, marking a significant inflection point for the company as it leverages its in-depth expertise in high-speed connectivity solutions.</li><li>The company reported a record revenue of $135 million, which represents an increase of 87% sequentially and 154% year-over-year.</li><li>Notably, this surge was led by its largest hyperscale customer scaling the production of AI platforms, alongside an increase in the adoption of Credo's connectivity solutions by other hyperscalers.</li></ul>

Credo Technology Group Holding Ltd has reported substantial financial growth in the third quarter of fiscal 2025, marking a significant inflection point for the company as it leverages its in-depth expertise in high-speed connectivity solutions.The company reported a record revenue of $135 million, which represents an increase of 87% sequentially and 154% year-over-year.Notably, this surge was led by its largest hyperscale customer scaling the production of AI platforms, alongside an increase in the adoption of Credo's connectivity solutions by other hyperscalers.

Credo Technology Group: Expanding PCIe Product Line To Change The Game!

<ul><li>Credo Technology Group Holding Ltd. reported strong financial and operational performance for the second quarter of fiscal year 2025.</li><li>The company recorded a revenue of $72 million, indicating a sequential increase of 21% and an impressive 64% year-over-year growth.</li><li>The robust revenue figures were largely driven by vibrant demand across its three core product lines: Active Electrical Cables (AECs), optical Digital Signal Processors (DSPs), and line card retimers.</li></ul>

Credo Technology Group Holding Ltd. reported strong financial and operational performance for the second quarter of fiscal year 2025.The company recorded a revenue of $72 million, indicating a sequential increase of 21% and an impressive 64% year-over-year growth.The robust revenue figures were largely driven by vibrant demand across its three core product lines: Active Electrical Cables (AECs), optical Digital Signal Processors (DSPs), and line card retimers.

Credo Technology Group: Its Efforts Towards Advanced Electrical Connectors (AECs) Market Expansion & Other Major Drivers

United States

Credo Technology Group Holding Ltd operates as a holding company. The Company, through its subsidiaries, provides connectivity solutions such as IP and chiplets, line cards, optical DSPs, and active electrical cables. Credo Technology Group Holding serves customers worldwide.

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Credo Technology Group Holding (CRDO US)

Credo Technology’s Hyperlume Deal: A Game-Changer For AI Connectivity Or A Risky Bet!

Credo Technology Group is riding a wave of explosive growth, with its Q1 FY2026 results showing a 274% yearover-year revenue surge to $223 million...

Baptista Research

Credo Technology Group’s Market Expansion: Will Diversification Beyond AECs Future-Proof the Business?

Credo Technology Group reported strong financial performance in the first quarter of fiscal 2026, with revenue reaching $223 million, marking a...

Baptista Research

Google, Microsoft, Facebook and Nvidia: AI Spending Implications at the Hyperscalers

Google, Microsoft, and Facebook reported earnings. Let’s discuss their capex plans and what that means for our new data center champion, Nvidia. I...

Fabricated Knowledge

Credo Technology Group: Expanding PCIe Product Line To Change The Game!

Credo Technology Group Holding Ltd has reported substantial financial growth in the third quarter of fiscal 2025, marking a significant inflection...

Baptista Research

Credo Technology Group: Its Efforts Towards Advanced Electrical Connectors (AECs) Market Expansion & Other Major Drivers

Credo Technology Group Holding Ltd. reported strong financial and operational performance for the second quarter of fiscal year 2025. The company...

Baptista Research

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