CRDO Q1 FY2027 earnings: EPS beat by 2.6%, revenue beat by 1.2%
Credo Technology reported Q1 FY2027. EPS came in at $1.20 against a $1.17 consensus, beat by 2.6%. Revenue was $479.0M versus $473.3M expected, beat by 1.2%. Gross margin was 64.5%, down 370 bps from last quarter.
§
The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $1.20 | $1.17 | beat by 2.6% |
| Revenue | $479.0M | $473.3M | beat by 1.2% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $479.0M | +9.6% | +114.7% |
| Gross profit | $309.1M | +3.7% | +105.5% |
| Operating income | $120.7M | -22.6% | +98.7% |
| Net income | $129.4M | -23.5% | +104.1% |
| Diluted EPS | $0.67 | -23.9% | +97.1% |
| Gross margin: 64.5%. |
§
The trend
Revenue is up 114.7% from the same quarter last year. Gross margin sits at 64.5%, 400 bps off its 8-quarter high.
§
How it stacks up
Pro
This section is part of the Pro report for CRDO.
Subscribe — $49.99/mo →
§
Go deeper on CRDO
The Weekly Semi Engine
The week in semiconductors, in your inbox. Free.
Every Saturday: the tape, the rotation, the prints that mattered, and what the desk is watching next week. No noise.
Get it every Saturday →