Credo (CRDO) Reports Record Q1 Revenue with Continued Triple-Digit Growth
Credo Technology Group Holding Ltd reported record quarterly revenue of $479 million for the first quarter of fiscal 2027, marking its seventh consecutive period of triple-digit year-over-year growth. The company attributed this performance to strong demand driven by AI infrastructure expansion and a shift toward heterogeneous connectivity solutions combining optical and copper technologies. Credo also provided updated guidance, forecasting Q2 revenue between $525 million and $535 million with full-year 2027 revenue expected to grow more than 85%. The company's optical business is emerging as a key growth driver alongside its Active Electrical Cable (AEC) segment. Strategic moves include the integration of silicon photonics technology through the acquisition of Dust Photonics, and participation in industry initiatives like OpenCPX. The CFO noted that operating expenses are expected to grow at about 55% for fiscal 2027—slower than revenue growth—and highlighted potential risks from fluid international trade policies.
Tickers: $CRDO
Topics: ai_infrastructure guidance non-gaap_income optical_products revenue_growth