Credo projects $600 million from its optical portfolio as fiscal 2027 revenue growth exceeds 80%.
Credo Technology Group Holding Ltd (CRDO) expects fiscal 2027 revenue growth to surpass 80%, driven by $600 million in contributions from its optical portfolio. The outlook follows a strong fiscal 2026, where revenue tripled year-over-year to $1.3 billion.
Non-GAAP net income surged more than fivefold to $662 million in the same period. The company attributed the growth to expanding demand in high-speed connectivity solutions, particularly in optical technologies.
Management highlighted fiscal 2026 as a pivotal year, setting the stage for continued momentum into 2027. No immediate market reaction was disclosed.