Credo Technology Group Holding Ltd (CRDO) surged 15.72% in pre-market trading following the release of its second-quarter fiscal 2026 financial results, which significantly exceeded analyst expectations.

The company reported revenue of $268.0 million, a 272.1% year-over-year increase, and non-GAAP earnings per share of $0.67, beating estimates by 36%. CEO Bill Brennan attributed the performance to strong demand for connectivity solutions supporting AI training and inference clusters.

Investors cheered Credo's third-quarter revenue guidance of $335-$345 million, well above consensus estimates of $247.6 million, signaling continued momentum in its core markets. The stock's rally reflects optimism about Credo's positioning in high-growth AI infrastructure segments.