Credo Technology Posts 157% Revenue Surge and Guides $465M–$475M Q1
CRDO•Credo Technology reported fiscal Q4 adjusted EPS of $1.16 on revenue of $437 million, up 157% year-over-year, lifting full-year sales to $1.3 billion and non-GAAP net income to $662 million. It guided Q1 revenue of $465 million–$475 million with 67%–69% gross margin and forecasts over $600 million optical revenue in FY2027.
1. Fiscal Q4 Results
Credo delivered adjusted EPS of $1.16 on revenue of $437 million, representing a 157% year-over-year increase. Full-year sales rose to $1.3 billion and non-GAAP net income reached $662 million, reflecting strong demand for its high-speed AI data center connectivity products.
2. Q1 Guidance
Management projected revenue of $465 million to $475 million and gross margins between 67% and 69% for the quarter ending August. These targets exceed consensus and underscore continued strength in its core networking solutions.
3. FY2027 Optical Revenue Outlook
Credo forecasts optical networking revenue to surpass $600 million in fiscal 2027, driven by ramping demand from hyperscale and cloud providers. This optical inflection is expected to account for over 80% annual revenue growth while preserving high gross margins.
