Stock Track | Credo Technology Soars 14.53% After-Hours on Stellar Q2 Earnings and Strong Outlook
Stock Track
Yesterday
Credo Technology Group Holding Ltd (CRDO) surged 14.53% in after-hours trading following the release of its second-quarter fiscal 2026 financial results, which exceeded analyst expectations.
The company reported revenue of $268.0 million, a 272.1% year-over-year increase, and non-GAAP diluted earnings per share of $0.67, beating estimates of $0.48. CEO Bill Brennan attributed the strong performance to the continued build-out of AI training and inference clusters.
For the third quarter, Credo expects revenue between $335 million and $345 million, significantly above the consensus estimate of $247.6 million, signaling robust growth ahead.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.