โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Adj. EPS: $1.20 (Est. $1.17) โ
โข Revenue: $479.0M (Est. $471.71M) โ , +114.7% YoY.
โข Adj. Net Income: $236.3M, +140% YoY.
โข Adj. Gross Margin: 68.0%.
โข GAAP Net Income: $129.4M.
โข Cash & Short-Term Investments: $764.3M.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Q2 FY2027 Revenue: $525Mโ$535M (Est. $516.54M) โ
โข Q2 FY2027 Adj. Gross Margin: 67.0%โ69.0%.
โข Q2 FY2027 Adj. Operating Expenses: $100Mโ$105M.
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Revenue increased 114.7% YoY to $479.0M and beat consensus, while Adj. EPS also came in above expectations.
โข Adj. net income surged 140% YoY to $236.3M as profitability scaled alongside rapid revenue growth.
โข Q2 revenue guidance of $525Mโ$535M stands above the $516.54M consensus.
โข Adj. gross margin remained strong at 68.0%, with Q2 guidance calling for 67.0%โ69.0%.
โข Management highlighted continued AI infrastructure scaling as a key demand driver for Credoโs connectivity portfolio.
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โDuring the first quarter of fiscal 2027, Credo delivered revenue of $479.0 million and non-GAAP net income of $236.3 million, representing 115% and 140% year-over-year growth respectively.โ