CRDO sees OmniConnect as a multibillion-dollar AI inference opportunity, with fiscal 2028 revenues and thousands of dollars of content per GPU.

credo Technology's Q1 revenue surged 115% YoY to $479 million, marking Credo's seventh consecutive quarter of triple-digit annual growth. Management expects 85%+ FY2027 revenue growth and roughly 50% non-GAAP net margins, despite concerns around AI spending normalization. Optical revenue should exceed $600 million in FY2027, with silicon photonics, ZeroFlap and optical DSPs becoming major growth engines.