Credo posts record Q1 revenue of $479M, up 114.7% year over year
Credo Technology reported record first-quarter revenue of $479 million, up 114.7% year over year. Adjusted gross margin was 68%, while non-GAAP net margin reached 49.3%. Management guided second-quarter revenue to $525 million–$535 million, with gross margin expected at 67%–69%.