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Credo Technology Group Holding Ltd (CRDO) DustPhotonics Ltd - M&A Call Transcript

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⚡ Quantum Brief
Credo Technology announced a definitive agreement to acquire DustPhotonics, a silicon photonics leader, for an undisclosed sum in April 2026, aiming to strengthen its optical connectivity portfolio. The deal targets DustPhotonics’ advanced co-packaged optics and pluggable modules, critical for AI/ML workloads and next-gen data centers, accelerating Credo’s roadmap in high-speed interconnects. CEO Bill Brennan emphasized DustPhotonics’ proprietary technology as a key differentiator, enabling 1.6T+ solutions and reducing power consumption by 50% compared to traditional optics. Analysts probed synergies, with Credo highlighting $50M+ in expected revenue by 2027 and expanded R&D capabilities in Israel, DustPhotonics’ headquarters. The acquisition, subject to regulatory approvals, is slated to close by Q3 2026, funded via cash and debt, with minimal dilution expected for shareholders.
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Credo Technology Group Holding Ltd (CRDO) DustPhotonics Ltd - M&A Call Transcript

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SA Transcripts159.29K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Credo Technology Group Holding Ltd (CRDO) DustPhotonics Ltd - M&A Call April 14, 2026 1:00 PM EDT Company Participants Daniel O'Neil - VP of Investor Relations & TreasurerWilliam Brennan - President, CEO & ChairmanDaniel Fleming - Chief Financial Officer Conference Call Participants Quinn Bolton - Needham & Company, LLC, Research DivisionTore Svanberg - Stifel, Nicolaus & Company, Incorporated, Research DivisionThomas O'Malley - Barclays Bank PLC, Research DivisionVivek Arya - BofA Securities, Research DivisionJoseph Cardoso - JPMorgan Chase & Co, Research DivisionSean O'Loughlin - TD Cowen, Research DivisionSebastien Cyrus Naji - William Blair & Company L.L.C., Research DivisionJames Schneider - Goldman Sachs Group, Inc., Research DivisionRichard Shannon - Craig-Hallum Capital Group LLC, Research DivisionChristopher Rolland - Susquehanna Financial Group, LLLP, Research DivisionMichael Genovese - Rosenblatt Securities Inc., Research DivisionJing Xiao Liu - Mizuho Securities USA LLC, Research DivisionCrawford Clarke Presentation Operator Ladies and gentlemen, thank you for standing by. [Operator Instructions] I would now like to turn the conference over to Dan O'Neil. Please go ahead, sir. Daniel O'NeilVP of Investor Relations & Treasurer Good morning, everyone. Thank you for joining our call in connection with our announcement that we have entered into a definitive agreement to acquire DustPhotonics. Today, I'm joined by Bill Brennan, Credo's Chief Executive Officer; and Dan Fleming, Credo's Chief Financial Officer. During this call, we will make certain forward-looking statements. These forward-looking statements are subject to risks and uncertainties discussed in detail in our press release and our documents filed with the SEC, which can be found in the Investor Relations portion of the company's website. It is not possible for the company's management to predict all risks, nor can the company assess the impact of all factors on its business or the extent to which any factor or combination of factors may cause actual results to differ

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Source: Seeking Alpha