CREDO TECHNOLOGY

At the Goldman Sachs Conference, Credo raised its revenue growth outlook for fiscal 2027 to 85% and reiterated a $600 million revenue target for the optics segment. Management highlighted strong demand for energy‑efficient high‑speed connectivity solutions, a gross margin of around 68%, and the prospect of reaching roughly $1 billion in quarterly revenue early in fiscal 2028. Credo is focusing its expansion on ZeroFlap Optics and micro‑emitter‑based ALCs, has acquired DustPhotonics, and plans optics production ramp‑ups in 2028 together with further scaling and M&A activities. » More on de.investing.com

Credo reported an adjusted quarterly profit of $1.20 per share and revenue of $479 million, beating expectations, and issued a revenue outlook of $525–535 million. Investors nevertheless punished the stock with intraday losses of about 25% after analysts cut price targets—some significantly—and pointed to slowing growth momentum in the cable business. Some firms maintained positive ratings but called the outlook less convincing than in prior quarters. » More on deraktionaer.de

Credo Technologie beat consensus estimates in Q1 2027 with $479m in revenue and adjusted EPS of $1.20, but the stock fell about 10.3% in pre-market trading. The GAAP gross margin declined from 68.2% to 64.5% and the outlook for Q2 points to further margin pressure, which ran counter to investor expectations. Credo expects headline revenue above $600m for 2027 and overall growth of more than 85%; analysts on average continue to hold to a » More on de.investing.com