Credo Tech

Q1 FY2027 EarningsCRDO Q1 FY27 results exceeded consensus across most top-line and bottom-line metrics, though profitability was partially offset by acquisition-related costs. Revenue reached $479.0M, slightly beating the $471.7M expected, driven by a 114.7% YoY surge in AEC product shipments. Normalized EPS of $0.67 was below the mean consensus of $1.17, likely due to heavy share-based compensation ($88.0M) and amortization from the $1.3B DustPhotonics acquisition. Management signaled strong AI-driven demand, though gross margin compressed to 64.5% vs. the 67.9% expectation due to intangible amortization.