The AI Bottleneck Just Shifted Toward Credo
Credo Technology Group is anticipating over $600 million in optical revenue for FY2027, marking a significant shift in its business focus. The company's fiscal 2026 revenue saw a remarkable increase of 206%, reaching $1.34 billion, with non-GAAP net income rising more than fivefold. Management has projected over 80% revenue growth for FY2027 while sustaining gross margins between 67% and 69%.
- ▪Credo expects more than $600 million of optical revenue in FY2027.
- ▪Fiscal 2026 revenue surged 206% to $1.34 billion.
- ▪Non-GAAP net income increased more than fivefold.
- ▪Management guided for over 80% revenue growth in FY2027.
- ▪Gross margins are expected to remain between 67% and 69%.
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