Credo Technology Forecasts Over $600M in Fiscal '27 Optical Revenue
Credo Technology Group Holding Ltd (CRDO) reported a record revenue of $479 million for the first quarter of fiscal 2027, marking a 10% sequential increase and more than doubling year-over-year. The company is guiding Q2 revenue to be between $525 million and $535 million while projecting over $600 million in optical segment revenue by fiscal '27. The strong performance reflects robust demand for Credo's products, particularly within the optics sector. CEO William Brennan highlighted that this growth trajectory is driven by continued market adoption of their solutions across key industry verticals. This guidance and forecast signal confidence from management about sustained momentum in both revenue generation and product innovation.
Tickers: $CRDO