Credo Stock Analysis ,T he $750 Million DustPhotonics Deal, a 201% Revenue Jump, and the AI Connectivity Story That Wall Street Can’t Stop Watching
Credo Technology Group announced on April 13, 2026, that it will acquire Israeli silicon photonics specialist DustPhotonics for $750 million in cash and shares. Credo's revenue jumped 201.49% to $407 million in Q3 FY2026, driven by demand for AI infrastructure.
Credo Technology Group will acquire DustPhotonics, an Israeli silicon photonics specialist, for $750 million in cash and shares. The deal, announced on April 13, 2026, gives Credo access to silicon photonics technology used in AI data centers. Credo's Q3 FY2026 revenue was $407 million, up 201.49% year-over-year, driven by hyperscale AI infrastructure deployments. The acquisition is expected to increase non-GAAP EPS in FY2027 and provide over $500 million in revenue. Credo's shares rose 12-13% after the announcement and peaked at $185-$190 in late April. The company is expected to retain around $454 million in net cash post-acquisition.
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