Credo Revenue Jumps 114.7% YoY as Interconnect Platform Expands Beyond AECs
BenBajarin · x · 2026-09-03
Ben Bajarin of Creative Strategies published research notes on Dell and Credo:
- Credo Q1 FY27: Revenue of $479M, up 9.6% sequentially and 114.7% YoY; Q2 guidance implies 11% more sequential growth, with FY27 outlook maintained at 85%+ growth. Optical is the main growth engine, expected to exceed $600M in FY27 revenue.
- Dell Q2 2026: The AI server cycle is becoming a broader infrastructure modernization cycle; Dell is the clearest read on NVIDIA's AI infrastructure growth, with real enterprise and rack-scale exposure.
- A separate note covers MediaTek's expanded NVIDIA partnership and its custom-ASIC path to more customers.
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