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Credo Q1 Growth Persists, But Valuation Keeps Investors Cautious
business1 month ago

Credo Q1 Growth Persists, But Valuation Keeps Investors Cautious

Credo Technology posted Q1 FY2027 revenue of $479 million (up 10% sequential, 115% YoY) with a 68% non-GAAP gross margin and EPS of $1.20, and guided Q2 revenue of $525–$535 million as it scales AI-infrastructure products like AEC cables, optics and retimers. Yet with four customers delivering about 84% of sales, rising expenses, macro risk and fierce competition, the stock trades around 30x forward earnings, prompting caution even as the growth story remains intact; Zacks rates CRDO a Hold and suggests investors may wait for a more favorable entry point.

via Yahoo Finance|
#ai-infrastructure#business#crdo
Credo Tech Posts Record Q1 Revenue, Signals Strong Optical Growth for FY2027
business1 month ago

Credo Tech Posts Record Q1 Revenue, Signals Strong Optical Growth for FY2027

Credo Technology reported Q1 fiscal 2027 revenue of $479 million, up 10% sequentially and 115% year over year, with Non-GAAP gross margin at 68% and Non-GAAP net income of $236.3 million; operating cash flow was $90.2 million, free cash flow $82.9 million, and cash on hand $764.3 million after the DustPhotonics acquisition. The company guided Q2 revenue to $525–535 million and reiterated a FY2027 optical revenue target above $600 million, driven by ZeroFlap Optics, Silicon Photonics PICs and Optical DSPs, with continued AEC growth and multi-billion dollar TAM opportunities in pluggable transceivers and OmniConnect. Risks include high customer concentration (top four customers ≥10% each, largest ~33%), elevated opex (+16% sequentially to $95.2 million), rising inventory ($313.1 million), and potential supply-chain/tariff headwinds as ramp progresses toward 2028.

via Yahoo Finance|
#business#crdo#credo-technology-group-holding-ltd
Credo Tech Plunges After Strong Q1 as Retail Bets on Turnaround
finance1 month ago

Credo Tech Plunges After Strong Q1 as Retail Bets on Turnaround

Credo Technology Group beat on fiscal Q1 with $1.20 adjusted EPS on $479 million revenue, up 115% year over year, posting record net income and solid margins (68% gross, 48.2% operating). For fiscal Q2, management guided $525–$535 million in revenue (about 9–12% seq. growth); CFO Mark Fleming signaled an inflection in H2 FY2027 with optical revenue exceeding $600 million and total revenue growth above 85% for the year. Despite the beat, CRDO slid about 8.6% in regular trading and fell further after hours as investors weighed growth pace and valuation. Retail traders on StockTwits were notably bullish, viewing the drop as a potential buying opportunity amid Credo’s AI connectivity focus and ongoing competition in the AI interconnects space.

via Yahoo Finance|
#crdo#credo-technology-group#finance