Credo Technology Posts Strong Q1 FY2027 Amid AI Data-Center Push

Credo Technology Group Holding Ltd reported Q1 FY2027 revenue of $479.0 million, up 9.6% quarter-over-quarter and 114.7% year-over-year, with GAAP gross margin of 64.5% and non-GAAP gross margin of 68.0%. GAAP net income was $129.4 million and non-GAAP net income $236.3 million. For Q2 FY2027, Credo guided revenue of $525–535 million with GAAP gross margin of 62.9–64.9% and non-GAAP gross margin of 67.0–69.0%, plus non-GAAP operating expenses of $100–105 million. The company highlighted its AI infrastructure and data-center connectivity solutions and will host a conference call on Sept 1, 2026 to discuss results.