Home / Business and Economy / Credo Completes $750M DustPhotonics Deal for AI Expansion
Credo Completes $750M DustPhotonics Deal for AI Expansion
2 Jun
Summary
- Credo Technology acquired DustPhotonics for $750 million.
- The acquisition aims to enhance Credo's AI data center capabilities.
- Credo will report Q4 and full-year 2026 results on June 1.
Credo Technology announced the successful completion of its acquisition of DustPhotonics, a privately-held company specializing in optical connectivity. The substantial $750 million transaction, involving both cash and stock, is poised to significantly enhance Credo's existing portfolio of solutions for AI data centers. This expansion is a key strategic move for Credo as it aims to solidify its position in the rapidly growing AI infrastructure market.
Investors are anticipating Credo Technology's financial performance for the fourth quarter and the full year 2026. The company is scheduled to release its results after market close on Monday, June 1. Financial analysts project earnings per share of $0.79 on revenue of $432.05 million for the fourth quarter. For the full fiscal year 2026, consensus estimates point to earnings per share of $2.40, supported by total revenue reaching $1.33 billion.
