Key facts
- Credo Technology reported Q4 revenue of $437 million, beating estimates of $432 million.
- Adjusted EPS for Q4 was $1.16, exceeding the estimate of $1.03.
- Q4 revenue increased 157% year-over-year.
- Credo Technology guided Q1 revenue to be between $465-475 million, above the estimate of $461.6 million.
Credo Technology designs and delivers high-speed connectivity solutions for data center and high-performance computing markets. Its products are crucial for enabling the high bandwidth required by AI and machine learning workloads. The company's optical sales have driven revenue growth, leading analysts to increase their targets across the board.