Revenue up 114.7% year over year, net profit up about 140%—yet CRDO dropped by about 22% in a single day. This earnings report looks very strong. Why is the market still pushing the stock price down to around $171?
Credo’s first-quarter revenue was $479 million, and non-GAAP net profit was $236.3 million. The company’s guidance for next quarter also looks solid: $525 million to $535 million.
A drop in price doesn’t mean these growth numbers disappear. The market may be recalculating the cost of growth: GAAP gross margin fell from 68.2% last quarter to 64.5%, operating expenses rose from $142.2 million to $188.4 million, and inventory also increased from $250.8 million to $313.1 million.
This is where high-growth stocks are easiest to misread: good numbers don’t necessarily mean they will beat the market’s original expectations. Next, we need to see whether the company can keep expanding revenue while also holding non-GAAP gross margin within its guidance range of 67% to 69%.
Tap $CRDO to view Binance real-time quotes. Do you think this is a repricing after expectations got too high, or have the margin warning signs already shown up earlier?
This is a stock perpetual futures contract, not direct stock holding.
$CRDO #财报反差 #AI基础设施
Credo’s first-quarter revenue was $479 million, and non-GAAP net profit was $236.3 million. The company’s guidance for next quarter also looks solid: $525 million to $535 million.
A drop in price doesn’t mean these growth numbers disappear. The market may be recalculating the cost of growth: GAAP gross margin fell from 68.2% last quarter to 64.5%, operating expenses rose from $142.2 million to $188.4 million, and inventory also increased from $250.8 million to $313.1 million.
This is where high-growth stocks are easiest to misread: good numbers don’t necessarily mean they will beat the market’s original expectations. Next, we need to see whether the company can keep expanding revenue while also holding non-GAAP gross margin within its guidance range of 67% to 69%.
Tap $CRDO to view Binance real-time quotes. Do you think this is a repricing after expectations got too high, or have the margin warning signs already shown up earlier?
This is a stock perpetual futures contract, not direct stock holding.
$CRDO #财报反差 #AI基础设施
