Credo Technology Group Holding Ltd (CRDO) surged 15.7% in after-hours 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 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, which are driving demand for the company's high-speed connectivity solutions.

For the third quarter, Credo provided revenue guidance of $335 million to $345 million, well above the consensus estimate of $247.6 million, signaling robust growth ahead. The optimistic outlook further fueled investor enthusiasm, leading to the sharp after-hours rally.