Credo Technology reports Q2 EPS 1c consensus 0c

Reports Q2 revenue $44M, consensus $42.7M. Bill Brennan, Credo’s President and Chief Executive Officer, stated, “For the second fiscal quarter ended October 28, 2023, Credo reported revenue of $44.0 million, representing 25% growth compared to the prior quarter. Going forward, we expect continued growth and diversity across our family of connectivity solutions and customer base. We remain enthusiastic about our business given the market demand for exponentially increasing bandwidth. This plays directly to Credo’s strengths and we are one of few companies providing the necessary breadth of connectivity solutions at these speeds while also optimizing for energy efficiency and system cost.”