Credo Technology Group Holding Ltd ( CRDO ) delivered one of the strongest quarters, triggering a sharp post-earnings rally. The stock has gained 10.6% after the company reported results for the second quarter of fiscal 2026 on Dec 1.
Credo Technology stock (NASDAQ:CRDO) has established itself as a vital facilitator of the generative AI era. After a significant earnings surprise that caused shares to rise nearly 10% on Tuesday, the company's market capitalization has increased to approximately $33 billion.
Credo Technology Group Holding Ltd.'s ( CRDO ) second-quarter fiscal 2026 results highlighted a strong acceleration, driven largely by the rapid expansion of its Active Electrical Cable (“AEC”) business and deepening traction across major hyperscale customers.
Credo Technology (CRDO) hit an all-time high of $213 Tuesday before pulling back from the record. George Tsilis why some investors see Credo as a "hot" under the radar A.I.
Credo Technology (NASDAQ:CRDO) shares surged almost 15% as it reported fiscal second quarter earnings that topped Wall Street estimates, driven by rising demand for its AI-driven connectivity solutions. For the quarter ended November 1, revenue was up 20.2% year-over-year at $268 million, ahead of estimates of $234.67 million.
Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) are surging this morning, up 22% to trade at $208.35 at last check, earlier hitting a record high of $213.80.
Credo surges on record revenue growth as AI demand and new pillars like ZF optics, ALCs and OmniConnect gearboxes expand its multibillion-dollar reach.
CRDO's record quarter, fueled by surging product demand and AI-driven growth, sent shares soaring as revenue and margin strength pointed to robust momentum ahead.
Credo just crushed Q2 expectations again, combining hyper growth with elite margins, reinforcing my view that it is in an earnings inflection rather than one-off recovery. Management now guides fiscal 2026 revenue up over 170 percent with roughly 45 percent net margins, implying quadrupled earnings while consensus models still lag behind. Credo now has five growth pillars—AECs, retimers, ZF optics, ALCs, and OmniConnect—supporting a connectivity market exceeding ten billion dollars, more than tripling its opportunity set.
Credo Technology Group Holding Ltd (CRDO) Q2 2026 Earnings Call Transcript
Credo Technology Group Holding Ltd. (CRDO) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.49 per share.
CRDO's fiscal Q2 2026 hinges on strong AEC and optical demand, but competition, customer reliance and macro uncertainty keep the outlook cautious.