earnings
confidence high
sentiment positive
materiality 0.95
Credo Q1 FY27 revenue $479M, up 115% YoY; guides Q2 revenue $525-535M
Credo Technology Group Holding Ltd
- Revenue $479.0M, +9.6% QoQ, +114.7% YoY; GAAP EPS $0.67, non-GAAP EPS $1.20.
- GAAP net income $129.4M, non-GAAP $236.3M; cash & short-term investments $764.3M.
- Q2 FY27 guidance: revenue $525-535M, non-GAAP gross margin 67-69%, non-GAAP opex $100-105M.
- CEO cites AI infrastructure scaling driving demand for connectivity solutions across optics and copper.