$CRDO is showing that AI infrastructure isn’t just about GPUs connectivity is becoming a major bottleneck.
Credo Technology jumped 4.5% to $175.89 after posting a huge fiscal Q1 2027 quarter. Revenue hit $479M, up 114.7% YoY, while adjusted EPS came in at $1.20, beating the $1.17 consensus.
The momentum is carrying into the next quarter too. Management guided for $525M–$535M in Q2 revenue, with the midpoint implying roughly 10.6% sequential growth.
non-GAAP net income surged 140% YoY to $236.3M. FY2026 revenue had already reached nearly $1.3B, up about 206% YoY.
The bigger thesis is bandwidth. As AI clusters scale, high-speed optical connectivity becomes increasingly critical for moving data between GPUs, servers and networking infrastructure.
$CRDO is becoming a serious AI connectivity play, but the valuation and expectations are rising alongside the growth.
Credo Technology jumped 4.5% to $175.89 after posting a huge fiscal Q1 2027 quarter. Revenue hit $479M, up 114.7% YoY, while adjusted EPS came in at $1.20, beating the $1.17 consensus.
The momentum is carrying into the next quarter too. Management guided for $525M–$535M in Q2 revenue, with the midpoint implying roughly 10.6% sequential growth.
non-GAAP net income surged 140% YoY to $236.3M. FY2026 revenue had already reached nearly $1.3B, up about 206% YoY.
The bigger thesis is bandwidth. As AI clusters scale, high-speed optical connectivity becomes increasingly critical for moving data between GPUs, servers and networking infrastructure.
$CRDO is becoming a serious AI connectivity play, but the valuation and expectations are rising alongside the growth.