Credo (CRDO) Reports $236M Profit With $83M Cash Flow

Credo Technology Group (CRDO) reported an adjusted profit of $236.3 million for the fiscal first quarter, alongside free cash flow of $82.9 million. Over the past month, the stock price fell 42.14% to $150.39, despite 18 of 19 analysts maintaining Buy ratings with a consensus price target of $281.47. Revenue increased by 114.7% year over year, with guidance for fiscal Q2 set between $525 million and $535 million. This performance highlights significant growth, but the disparity between profit and cash flow raises concerns for investors.

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