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 raised its full-year revenue growth guidance to over 85%, reaffirming its optical ramp plans for fiscal year 2027. Despite these strong financial results and an upgraded outlook, Credo's shares fell 18% after the earnings release, highlighting a disconnect between business performance and market reaction. The analyst maintains a Buy rating on the stock, citing solid fundamentals and improved forward estimates as reasons for optimism.
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 technologie...
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...
