Credo: the copper cable inside the AI rack, priced for a fall
Revenue doubled, margins held, no debt, and the shares fell by more than half. Bullish, with four customers as the reason conviction is low.
Q1 FY27 revenue $479M (+115%), beating its own guide; non-GAAP gross margin 68.0%.
No debt; Q2 guided at $525–535M.
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