Q1 2027 Earnings

EX-99.1 2 credoq12027ex-991.htm EX-99.1 Document Exhibit 99.1 Credo Technology Group Holding Ltd Reports First Quarter of Fiscal Year 2027 Financial Results San Jose, Calif. (September 1, 2026) - Credo Technology Group Holding Ltd (Credo) (Nasdaq: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, today announced financial results for the first quarter of fiscal year 2027, ended August 1, 2026. First Quarter of Fiscal Year 2027 Financial Highlights • Revenue of $479.0 million, grew by 9.6% quarter over quarter and 114.7% year over year • GAAP gross margin of 64.5% and non-GAAP gross margin of 68.0% • GAAP operating expenses of $188.4 million and non-GAAP operating expenses of $95.2 million • GAAP net income of $129.4 million and non-GAAP net income of $236.3 million • GAAP diluted net income per share of $0.67 and non-GAA...