Credo (CRDO) Q1 FY2027 Revenue Jumps 115% YoY, but GAAP Gross Margin Dips to 64.5%
The company projects second-quarter revenue to be between $525 million and $535 million, with the midpoint representing a 10.6% sequential increase. The decline in GAAP gross margin is primarily attributed to the amortization of acquisition-related intangible assets, while the company-defined non-GAAP gross margin remained relatively stable at 68.0%. Analysis suggests that the key will be whether the growth in AI connectivity business can offset the pressure from rising acquisition costs and operating expenses.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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