On June 2, Credo Technology rose 6.17% in regular trading, trading at approximately $219.99/share, with trading volume of $993 million. The stock rebounded sharply after falling over 11% in after-hours trading the previous session.

On the news front, the company reported fiscal Q4 results that broadly exceeded expectations, with strong fundamentals re-attracting buyers during regular hours. Revenue reached $437 million, up 157% year-over-year, surpassing the consensus estimate of $432 million. Adjusted EPS came in at $1.16, beating the $1.03 estimate by 12.6% and representing a 231% year-over-year increase. Furthermore, Q1 FY2027 revenue guidance of $465 million to $475 million exceeded the analyst consensus of $461.3 million, with adjusted gross margins projected at 67%-69%.

Management highlighted that as AI cluster scale expands, network reliability has become a core bottleneck in AI infrastructure, positioning Credo as a critical supplier. Despite the prior after-hours selloff driven by profit-taking and expectation inflation, the robust fundamentals drew renewed buying interest during the regular session.

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