Why Credo Technology Stock Exploded Higher Today
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Shares of Credo Technology Group surged 24.5% after the company reported earnings of $0.35 per share, exceeding analyst expectations of $0.27, with sales of $170 million for Q4 2025. Despite a 180% year-over-year sales increase, GAAP profits were only $0.20 per share. CEO Bill Brennan expressed pride in the company's performance, noting a shift to profitability. Credo anticipates further sales growth to $190 million in Q1 2026, though its valuation remains high at over 260 times trailing earnings, suggesting it could still be a viable growth stock.
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