Question · Q1 2025
Speaking for Matt Ramsey, an analyst asked about Credo's direct engagement with hyperscalers on optical DSP solutions, beyond just the module manufacturers. He also sought clarification on the full-year outlook for IP license revenue after a soft Q1.
Answer
CEO William Brennan confirmed that direct engagement with hyperscalers is a core part of their strategy, describing it as a '3-party conversation' between Credo, the module maker, and the end customer. CFO Dan Fleming reiterated that the full-year IP revenue forecast remains within the 10% to 15% range, noting the Q1 shortfall was offset by strong product revenue.