Matt Ramsey's questions to Credo Technology Group Holding Ltd (CRDO) leadership • Q1 2025
Question
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.