- Credo Technology Group Holding announced the acquisition of DustPhotonics, a developer of Silicon Photonics Photonic Integrated Circuit technology, sending CRDO shares up more than 10% in extended trading.
- The upfront consideration is $750 million in cash and approximately 0.92 million shares of Credo common stock, with potential additional contingent shares; closing is expected in the second quarter of calendar year 2026.
- Credo expects its optical portfolio to generate over $500 million in revenue by FY27 and to be accretive to adjusted EPS in that same fiscal year.
- Credo will showcase 1.6T optical connectivity at ECOC 2026, including a 1.6T 2xDR4 fully retimed module built on its Cardinal 802 1.6T DSP and Kfir 200G silicon photonics PIC, plus 800G and 1.6T ZeroFlap optics with PILOT link health monitoring.
Quotes
“a defining step”
“Scaling Optical Reliability with Bandwidth Across AI Clusters”