CRDO’s reported earnings

Anyone who’s into semi stocks obviously knows it’s getting obliterated lately due to hostile macro. US10Y and oil futures are relentlessly soaring. But CRDO, as a small-mid cap company, it’s produced some genuinely incredible results: **• Revenue: $479.0 million for the three months ended August 1, 2026 (up 114.7% year over year; up 9.6% quarter over quarter)** **• Gross profit: $309.1 million; GAAP gross margin 64.5% and non-GAAP gross margin 68.0%** **• Operating income: GAAP operating income $120.7 million** **• Net income: GAAP net income $129.4 million; GAAP diluted net income per share $0.67; non-GAAP net income $236.3 million and non-GAAP diluted net income per share $1.20** **• Cash and short-term investments: Ending balance $764.3 million** After RTH, it algorithmically dropped another -10.85% immediately (-19% or so for the day so far). I don’t know about you guys, but I see this as a pretty solid buying opportunity. Anyone else into Credo and have any opinions on its current valuation?