股价盘后大涨13%！“互联龙头”Credo业绩超预期26/64

Core Viewpoint - Credo has reported impressive financial results, with a 274% year-over-year revenue increase to $223.1 million, and adjusted earnings per share of $0.52, significantly exceeding market expectations, leading to a nearly 13% surge in stock price after hours [1][3][5] Financial Performance - Credo's revenue and profit have greatly surpassed Wall Street expectations, with adjusted earnings per share at $0.52 compared to the analyst forecast of $0.36, and revenue reaching $223.1 million, exceeding the consensus estimate of $190.6 million [5] - The company has provided a strong sales guidance midpoint of $235 million for the current quarter, well above the analyst consensus of $201.9 million [6] Growth Drivers - The growth is attributed to deep strategic partnerships with major data center operators, with increasing demand for reliable and efficient connectivity solutions expected to sustain revenue growth and diversification in customers, agreements, and applications [6] - Credo is developing system-level optical connectivity solutions aimed at providing higher reliability and energy efficiency, with significant opportunities anticipated in securing future business from major U.S. data center clients [7] Competitive Advantage - Credo plays a critical role in AI data center high-speed data connectivity, with its active electrical cables (AECs) being a key focus area, holding a dominant market share of 73% in the AEC market [8] - AEC technology, invented by Credo, is essential for connecting AI servers to network switches, offering advantages over traditional optical cables and passive copper cables in terms of reliability and power consumption [8] - Major tech giants like Amazon, Microsoft, and xAI are significant customers, reflecting strong demand driven by their substantial investments in AI infrastructure [8]