BBX Logo Beta

--

[Credo Pre-Market Drops Over 9%] Golden Finance reported that on September 2, Credo (CRDO.US) saw its pre-market stock price plunge over 9%, trading at $187.38. On the news front, Credo released its fiscal Q4 2026 earnings report for the period ending May 2, 2026, showing revenue of $437 million, a year-over-year increase of 157%, surpassing analysts' expectations of $432.5 million. Non-GAAP diluted earnings per share were $1.16, exceeding analysts' forecast of $1. For the next quarter, guidance indicates revenue between $465 million and $475 million, higher than analysts' expectations of $460.5 million. The strong performance and optimistic outlook suggest that Credo continues to benefit from the rapid expansion wave of AI infrastructure, with demand for its high-speed copper cable and optical interconnect products' large-scale deployment showing no signs of slowing down.

Loading...