Spent more time on $CRDO after Q1 and this is what I find most interesting.
85% FY27 growth means roughly $2.47B revenue. After Q1 and the Q2 guide, H2 still needs about $1.46B, or ~$730M per quarter.
Going back through the filings gave me a better feeling on how Credo is preparing for that ramp.
FY27 manufacturing commitments went from $6.4M in Aug 2025 → $147M in Jan → $333.5M by May. Inventory is now above $313M.
So, Credo is already committing capital and capacity ahead of the H2 revenue.
The customer side is less firm. Credo explicitly says it does not have long-term purchase commitments from customers.
Optics also cannot carry FY27 alone. Using management's earlier rough 50/50 split between optical and existing copper growth, the current business may still need something around mid-40% growth while Credo builds a $600M+ optical business.
So this is a rather easy question now. Can Credo convert the capacity and inventory already sitting behind the guide into ~$1.46B of H2 revenue while keeping the economics intact?