Credo Technology Group Holding Ltd delivered a double beat in Q4 '26, with revenue up 157% year over year and profitability remaining exceptional. CRDO guided to over 80% revenue growth for FY27, driven by a second-half inflection in optical, with optical products expected to exceed $600 million in revenue. Customer concentration risk is improving, and gross margins remain strong, while inventory build signals confidence in future demand but adds execution risk.