CRDO - Credo Technology Non-GAAP EPS of $0.03 in-line revenue of $46.5M beats by $0.8M

• Credo Technology press release ( NASDAQ: CRDO ): Q1 Non-GAAP EPS of $0.03 in-line.
• Revenue of $46.5M (+333.8% Y/Y) beats by $0.8M .

• Second Quarter of Fiscal 2023 Financial Outlook

• Revenue is expected to be between $48.5 million to $52.5  million vs $49.17M up 91% year over year at the midpoint

• GAAP gross margin is expected to be between 58.5%-60.5% and non-GAAP gross margin is expected to be between 59.0%-61.0%

• GAAP operating expenses are expected to be between $30.5 million to $32.5 million and non-GAAP operating expenses are expected to be between $23.5 million to $25.5 million

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