Credo posts record Q1 revenue of $479M, up 114.7% year over year
AI Market Summary
Credo Technology posted record Q1 revenue of $479M (+114.7% YoY) with strong profitability (68% adjusted gross margin; 49.3% non-GAAP net margin) and guided Q2 revenue to $525M–$535M with 67%–69% gross margin. The results reinforce demand tied to AI infrastructure and support positive near-term risk appetite for CRDO. Key overhangs remain customer concentration, competitive dynamics, and execution risk around advanced optical products and the DustPhotonics merger.
Impact level
● Medium
Affected assets
NCSKCRDO2USD/USDT-13.70%
AI Insight · NCSKCRDO2USD/USDTAI Insight
▲ Bullish
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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%.
