Credo Technology Group Aktie News

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.

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing reliable, energy-efficient, system-level connectivity solutions for the next generation of AI-driven applications, cloud computing and hyperscale networks, today announced that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upc...

Hyperscalers are turning to Credo for their networking needs. The AI beneficiary's sales and profits are soaring.

Credo Technologies' NASDAQ: CRDO fiscal year 2026 (FY2026) Q2 results are yet another example of why the AI trade is far from over. As NVIDIA NASDAQ: NVDA and Advanced Micro Devices NASDAQ: AMD continue to dominate GPU sales for AI data centers built by Microsoft NASDAQ: MSFT, Amazon NASDAQ: AMZN, and Meta Platforms NASDAQ: META, the demand for high-speed connectivity grows in parallel.

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 Technology Group Holding Ltd. is a must-own AI infrastructure stock, delivering stellar Q2 results and robust forward guidance. CRDO reported 272% YOY revenue growth to $268M, with non-GAAP gross margin at 67.7% and operating margin at 46.3%. Q3 revenue guidance of $335–345M far exceeds consensus, supported by strong demand from hyperscaler customers and new product ramps.

Credo Technology Group Holding Ltd reports exceptional Q3 2026 guidance, with revenue growth projected at 159% y/y, far surpassing consensus expectations. Despite strong near-term momentum, CRDO faces significant topline deceleration in fiscal 2027, with growth likely moderating to 70–80% y/y. CRDO trades at approximately 116x forward free cash flow, but its adjusted PEG ratio of 1.5x appears a...