Credo FY27 Q1 GAAP net income more than doubled to $129.4 million year over year; revenue more than doubled to $479 million year over year
CRDO•Q1 FY2027 results
- Credo posted Q1 FY2027 revenue of $479 million, up 9.6% quarter-over-quarter and more than doubled year-over-year.
- GAAP net income was $129.4 million, rising 104.1% from a year earlier; GAAP diluted EPS was $0.67.
- GAAP gross margin was 64.5%; non-GAAP gross margin was 68%.
- Cash and short-term investments ended at $764.3 million.
Q2 FY2027 outlook
- For Q2 FY2027, revenue is forecast at $525 million-$535 million, with GAAP gross margin of 62.9%-64.9%.
