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.