Earnings ·
Credo Technology Group Holding Ltd reported financial results for the first quarter of fiscal year 2027, ended August…
CRDOCredo Technology Group Holding Ltd
Credo Technology Group Holding Ltd reported financial results for the first quarter of fiscal year 2027, ended August 1, 2026. Revenue reached $479.0 million, representing a 114.7% increase year-over-year and a 9.6% sequential rise. The company posted GAAP net income of $129.4 million ($0.67 per diluted share) and non-GAAP net income of $236.3 million ($1.20 per diluted share). Management provided second-quarter fiscal 2027 revenue guidance between $525 million and $535 million. Credo Technology Group Holding Ltd operates in the semiconductor industry, providing high-speed connectivity solutions for data centers.