Credo Technology Group reported a 115% revenue increase, with management projecting over 85% annual growth through FY2027 and optical revenue surpassing $600 million. While growth in Active Electrical Cables (AEC) is stabilizing, emerging technologies like DSPs, silicon photonics, and ZeroFlap Optics are expected to fuel the next phase of expansion. The company maintained a strong non-GAAP gross margin of 68%, despite a 25% rise in inventory, which will be critical to monitor during the second half optical market ramp-up. Additionally, Credo's PILOT telemetry system could provide a competitive edge by improving data-driven reliability, potentially reducing costly GPU downtime by 10%-20%. After a 40% stock price correction from $309, shares are approaching a favorable buy zone near $175-$190, supported by long-term technical levels.
Credo Technology Group Holding reported a record first-quarter revenue of $479 million, marking a 114.7% increase year-over-year and surpassing both company and Wall Street expectations. The company maintained strong non-GAAP gross margins at 68% and...
Credo reported a strong fiscal Q1 performance, beating estimates and raising its outlook, signaling accelerating growth. The company is benefiting from increasing demand for its optical scale-up technology, especially from hyperscalers beyond its tra...
Credo Technology's stock has dropped 40% from its peak, presenting a buying opportunity due to undervaluation. The company is shifting from copper-based Active Electrical Cables (AECs) to a vertically integrated optical platform, which is expected to...
Credo Technology Group Holding Ltd. reported a strong quarterly performance with earnings per share of $1.20, beating estimates by 2.56%, and revenue of approximately $479 million, a 114.7% increase year-over-year. The company maintains a solid finan...
Credo Technology Group Holding Ltd reported a record Q1 revenue of $479 million, up 114.7% year-over-year, driven by strong demand for AI infrastructure. The company maintained robust profitability with a 68% adjusted gross margin and a 49.3% non-GAA...
