Credo Technology Group 4Q Profit, Rev Rise

Dow Jones

Jun 02

By Kelly Cloonan

Credo Technology Group logged higher profit and revenue in its latest quarter and guided for further growth ahead as it continues to see demand for its high-speed connectivity solutions.

However, year-over-year and quarter-over-quarter growth slowed compared to the fiscal third quarter.

Shares fell 14%, to $194.01, in after-hours trading. Through market close, shares are up 57% year to date.

The company, which provides high-speed connectivity solutions for data centers, posted a fiscal fourth-quarter profit of $169.1 million, or 88 cents a share, compared with $36.6 million, or 20 cents a share, a year earlier.

Adjusted earnings per share were $1.16, compared with estimates of $1.02 a share according to analysts polled by FactSet.

Revenue more than doubled to $437 million, compared with analyst estimates of $431.8 million.

For the current quarter, Credo expects revenue of $465 million to $475 million. Analysts are forecasting revenue of $461.3 million.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

June 01, 2026 16:25 ET (20:25 GMT)

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Through market close, shares are up 57% year to date. \n</p>\n<p>\n  The company, which provides high-speed connectivity solutions for data centers, posted a fiscal fourth-quarter profit of $169.1 million, or 88 cents a share, compared with $36.6 million, or 20 cents a share, a year earlier. \n</p>\n<p>\n  Adjusted earnings per share were $1.16, compared with estimates of $1.02 a share according to analysts polled by FactSet. \n</p>\n<p>\n  Revenue more than doubled to $437 million, compared with analyst estimates of $431.8 million. \n</p>\n<p>\n  For the current quarter, Credo expects revenue of $465 million to $475 million. 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Analysts are forecasting revenue of $461.3 million. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 01, 2026 16:25 ET (20:25 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0053671581.USD","symbol_name":"摩根大通美国小盘成长股 A(dist)","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2640696475","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640696475","pubTimestamp":1780345500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Credo Technology Group logged higher profit and revenue in its latest quarter and guided for further growth ahead as it continues to see demand for its high-speed connectivity solutions.However, year-over-year and quarter-over-quarter growth slowed compared to the fiscal third quarter.Shares fell 14%, to $194.01, in after-hours trading. 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Through market close, shares are up 57% year to date. \n\n\n  The company, which provides high-speed connectivity solutions for data centers, posted a fiscal fourth-quarter profit of $169.1 million, or 88 cents a share, compared with $36.6 million, or 20 cents a share, a year earlier. \n\n\n  Adjusted earnings per share were $1.16, compared with estimates of $1.02 a share according to analysts polled by FactSet. \n\n\n  Revenue more than doubled to $437 million, compared with analyst estimates of $431.8 million. \n\n\n  For the current quarter, Credo expects revenue of $465 million to $475 million. Analysts are forecasting revenue of $461.3 million. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 01, 2026 16:25 ET (20:25 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}