Credo fiscal Q1 2027 revenue rises 115% to $479 million; Q2 guided to $525-535 million

Credo reported first-quarter fiscal 2027 revenue of $479.0 million, up 114.7% from a year earlier and 9.6% from the prior quarter. GAAP gross margin was 64.5% and non-GAAP gross margin 68.0%, both down from the prior quarter's GAAP level of 68.2%. Credo guided second-quarter revenue to $525 million to $535 million, with GAAP gross margin of 62.9% to 64.9%.

• Q1 FY2027 revenue $479.0 million, up 114.7% year over year and 9.6% sequentially
• GAAP gross margin 64.5%; non-GAAP gross margin 68.0%
• GAAP net income $129.4 million; non-GAAP net income $236.3 million
• Q2 FY2027 revenue guidance $525 million to $535 million
• Q2 FY2027 GAAP gross margin guidance 62.9% to 64.9%

SEC filing 8-K · accession 0001628280-26-059795 · sec.gov ↗