Stock Track | Credo Technology Soars 15.7% After-Hours on Stellar Q2 Earnings and AI-Driven Growth Outlook

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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.

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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.</p><p>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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRDO","symbol_name":"Credo Technology Group Holding Ltd","start_time":0,"source_url":"","article_id":"1166685685","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1166685685","pubTimestamp":1764637367,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"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...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRDO":"Credo Technology Group Holding Ltd"},"translate_title":"个股追踪|Credo Technology盘后飙升15.7%，因Q2盈利出色和人工智能驱动的增长前景","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRDO":1},"content_text":"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. 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