Credo Technology Reports Q1 Non-GAAP EPS and Revenue Beats
Credo Technology (NASDAQ:CRDO) reported first-quarter results that exceeded expectations, with a non-GAAP earnings per share of $1.20, surpassing the estimated figure by $0.03. The company also generated revenue of $479 million for the quarter, which beat forecasts by $7.29 million and marked an impressive 114.7% year-over-year growth. Looking ahead, Credo Technology provided a financial outlook for its second fiscal quarter in 2027, projecting revenue between $525 million and $535 million. This forecast is above the current consensus estimate of $516.54 million, signaling continued strong performance expectations from the company. The results reflect Credo Technology's robust market position and growth trajectory as it continues to expand in its sector.
Tickers: $CRDO
Topics: Earnings Financial Outlook Revenue Beat