Credo Technology Group Holding Ltd. projected fiscal second-quarter 2027 revenue of $525 million to $535 million. The outlook follows record first-quarter revenue of $479 million.
Revenue rose 115% year over year, marking the company’s seventh consecutive quarter of triple-digit growth. Demand for high-speed connectivity solutions in AI infrastructure is driving growth, including demand for active electrical cables (AECs), optical digital signal processors (DSPs) and retimer solutions.
Credo’s outlook reflects increased AI investment and the growing bandwidth needs of next-generation AI clusters. The company also expects optical revenue to exceed $600 million in fiscal 2027.
Institutional investors and hedge funds hold 80.46% of the company’s stock. Recent investor activity included Q Fund Management Hong Kong Ltd.’s purchase of 46,110 shares.