Credo reports Q1 FY27 earnings, guides optical revenue above $600M

Credo Technology Group is posting the kind of growth numbers that make even seasoned semiconductor analysts do a double take. The company reported Q1 FY2027 revenue of approximately $470 million, representing a 111% increase from the $223 million it pulled in during the same quarter last year. Non-GAAP earnings per share came in around $1.17, more than doubling the $0.52 figure from Q1 FY2026. Both numbers landed at or above Wall Street consensus estimates, continuing a pattern of quarterly beats that has become something of a habit for the company. The optical growth engine The real headline buried in the numbers is Credo’s full-year FY2027 guidance for optical revenue: north of $600 million. That figure alone would have constituted the majority of the company’s entire revenue just two fiscal years ago. Three product categories within the optical segment are each expected to generate more than $100 million in revenue for FY2027. Those are ZeroFlap optics, silicon photonics PICs (photonic integrated circuits), and optical DSPs (digital signal processors). Management has indicated that the optical ramp will accelerate in the second half of FY2027, with optical products expected to c...