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Credo Technology Group financial performance
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2026-09-02 01:32 UTC → 2026-09-03 19:35 UTC ·
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Credo Technology Group reported record fiscal first-quarter 2027 revenue of $479 million, marking a 115% increase compared to the previous year. The company attributed this growth to rising demand for AI infrastructure connectivity products, specifically noting the need for faster, power-efficient data rates as AI cluster sizes expand. CEO Bill Brennan stated that the company has achieved seven consecutive quarters of triple-digit year-over-year revenue growth. Financial results for the quarter included a non-GAAP net income of $236.3 million and a non-GAAP gross margin of 68%. For the upcoming fiscal second quarter, Credo projected revenue between $525 million and $535 million. Despite these strong earnings, the company’s stock experienced a 20% decline during trading following a price target reduction by JPMorgan Chase & Co.
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- 2026-09-03 19:35 UTC Credo Technology Group financial performance
- 2026-09-02 01:32 UTC Credo Technology Group financial performance
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