The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) reported fiscal first-quarter 2027 revenue of $479.0 million, up 9.6% sequentially. Management said the company's connectivity portfolio now spans copper and optical products, while total revenue increased 114.7% year over year. GAAP gross margin fell to 64.5% from 68.2% in the preceding quarter and 67.4% one year earlier.
GAAP operating expenses increased to $188.4 million from $142.2 million sequentially, while GAAP operating income declined to $120.7 million from $155.8 million. Credo Technology Group Holding Ltd (NASDAQ:CRDO) nevertheless expects another quarter of growth, guiding fiscal second-quarter revenue to $525 million to $535 million. The $530 million midpoint implies approximately 10.6% sequential expansion.
The question is whether revenue growth and the broader AI connectivity portfolio can offset acquisition-related costs and rising operating expenses.
Revenue scale remains the central strength. Credo Technology Group Holding Ltd (NASDAQ:CRDO) offers active electrical cables, optical transceivers, digital signal processors, silicon-photonics components, retimers, and chip-to-chip connectivity. These products address connections spanning short distances inside AI systems through longer links across clusters.