Credo Stock Drops After AI Rally Slams Into Post-Earnings Wall
Credo shares plunged 11.7% after hours to $199.55 despite beating Q4 estimates with $437M revenue, up 157%, and $1.16 EPS. Next quarter’s outlook missed high expectations, with revenue seen at $465M–$475M and margins at 67%–69%. Management flagged growing optical product sales for 2027. Customer concentration, tariffs, and supply chains remain risks. Analyst targets rose, but investors focused on margins and guidance.