Credo Technology sees annual revenue reaching $5B over next several years

The company states in its conference call: “We talk about Omni Connect first. And we’re really addressing Die to Die or Chip to chip connections at a system level. You know, those those connections can probably be up to a half to one meter typically on an appliance card or a switch card. And we think about AUCs up to seven meters. And we think about ZF optics up to a kilometer or beyond, whatever the maximum length is within the data center. And so I think in the in the past 90 days, this has been probably the most transformative from a news standpoint. We’ve been working on these things for, you know, for for 18 months or so. But now being able to talk about it, I think it shows a clear path to a much more diversified company long term, as we, you know, think about moving the company from that billion dollar threshold of revenue annually to to 5 billion and beyond over the next several years.” Says long-term gross margin expectations are in the 63%-65% range.