Credo Technology reported a stronger-than-expected second quarter, swinging to a profit as revenue more than tripled on the back of accelerating investment in artificial intelligence training and infe... ...

Key Takeaways Credo posted its strongest quarter with EPS of 67 cents and revenue up 272.1% year over year.Product sales surged 278.3% to $261.3M, supported by growth in major hyperscale customers.CRDO guided up to $345M in Q3 revenue and now expects roughly 170% fiscal 2026 growth.Credo Technology Group Holding Ltd (CRDO) reported second-quarter fiscal 2026 adjusted earnings per share (EPS) of 67 cents, which surpassed the Zacks Consensus Estimate by 36.7%. The bottom line compared favorably with 7 cents p ...

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Credo stock jumped in premarket trading on Tuesday as the company's earnings gave investors further reason to believe in its growth story and continue its impressive rally. ...

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Core Insights - Credo Technologies (NASDAQ: CRDO) demonstrates strong performance in the AI sector, with its fiscal year 2026 Q2 results indicating that the AI trade remains robust [2][3] - The company is positioned as a key supplier of optical connectivity components essential for AI infrastructure, benefiting from the growing demand for high-speed connectivity driven by major players like NVIDIA and AMD [2] Financial Performance - Credo Technologies reported a remarkable Q2 FY2026, with net revenue reaching $268.03 million, reflecting a 272% year-over-year increase and a 20% sequential growth [5] - The company achieved an adjusted gross margin of 67.7% and an adjusted net margin of 47.7%, alongside a 30% increase in operating income [6] Guidance and Market Sentiment - The company provided strong Q3 guidance, forecasting revenue of $340 million, which represents a 26% sequential gain and is 150% higher than the previous year, exceeding analyst consensus by 50% [7] - Institutional ownership exceeds 80%, indicating strong investor confidence, and analysts have raised price targets for the stock, with some reaching up to $240 [3]

2025年12月2日公司披露FY26Q2（25.8~25.10）业绩，公司FY26Q2实现营收2.68亿美元，同比增长272%，环比增长 20%，GAAP/Non-GAAP毛利率分别为67.5%/67.7%，GAAP/Non-GAAP净利润分别为8264、1.28亿美元，分别同 比转正/+943%。良好的业绩指引导致周二盘前大涨超18%！ 3）Weaver解决方案，通过112GVSRSerDes实现XPU与普通DRAM连接的带宽提升8倍，内存容量提升30 倍，有望应用于实时AI视频生成与自动驾驶，并可以避免HBM的供给端限制。公司预计新产品将有望带来未来 超过100亿美元的TAM规模。 业绩指引： FY26Q3业绩指引预计实现收入3.35-3.45亿美元（中值3.4亿美元，环比+27%，同比+152%)； GAAP毛利率预计为63.8%-65.8%。FY26全年收入由9.6亿美金上修至超过11.8亿美金（同比+170%）， FY26全年非GAAP净利率由40%上修至45%。 经营分析 AEC仍然为公司主要增长动力，客户多元化持续推进。公司本季度共有四家客户营收占比超10%，占比分别为 42%、24%、16%、 ...

Market Overview - U.S. stock futures rose on Tuesday after a decline on Monday, with major benchmark indices showing positive movement [1] - The month of December began with benchmark indices declining after a five-day winning streak [1] Economic Indicators - The 10-year Treasury bond yielded 4.09%, while the two-year bond was at 3.53% [3] - The CME Group's FedWatch tool indicates an 87.2% likelihood of the Federal Reserve cutting interest rates in December [3] Stock Performance - MongoDB Inc. (NASDAQ:MDB) surged 22.84% after reporting better-than-expected third-quarter results and raising FY26 guidance [5] - CrowdStrike Holdings Inc. (NASDAQ:CRWD) rose 1.08% with analysts expecting quarterly earnings of $0.94 per share on revenue of $1.21 billion [5] - American Eagle Outfitters Inc. (NYSE:AEO) increased by 1.36% ahead of its earnings report, with expectations of $0.43 per share on revenue of $1.32 billion [5] - Credo Technology Group Holding Ltd. (NASDAQ:CRDO) jumped 17.84% after reporting strong second-quarter results and issuing optimistic third-quarter sales guidance, estimating revenue between $335 million and $345 million [5] Sector Performance - Energy and information technology stocks closed higher, while utilities, industrials, and health care sectors led losses, with most S&P 500 sectors finishing negatively on Monday [7] - Last week, the Dow increased over 3%, the S&P 500 surged nearly 4%, and the Nasdaq Composite climbed more than 4% [7] Analyst Insights - LPL Research outlook suggests a resilient economic and market landscape for 2026, with expectations of double-digit earnings growth driven by capital spending on AI infrastructure [9] - The report indicates supportive monetary policy as the Federal Reserve normalizes rates, alongside fiscal stimulus from the "One Big Beautiful Bill Act (OBBBA)" [10] - Geopolitical developments are highlighted as a potential wildcard affecting supply chains and commodity fluctuations [11] Commodities and Global Markets - Crude oil futures traded lower by 0.15% to around $59.22 per barrel [15] - Gold Spot fell 0.98% to approximately $4,190.38 per ounce, with the last record high at $4,381.6 per ounce [15] - Bitcoin traded 0.13% higher at $86,865.48 per coin [15] International Markets - Asian markets closed higher on Tuesday, with notable gains in Japan's Nikkei 225, Hong Kong's Hang Seng, Australia's ASX 200, and South Korea's Kospi indices [16]

Credo Technology(CRDO.US)盘前大涨近16%报197.85美元。公司2026财年Q2实现营收2.68亿美元，环比 增长20.2%，同比增长272.1%，这是Credo历史上最强劲的季度业绩，反映了全球最大人工智能训练和 推理集群的持续扩建。Q2实现GAAP净利润8260万美元，非GAAP净利润1.278亿美元。 公司预计2026财年第三季度营收在3.35亿美元至3.45亿美元之间；GAAP毛利率预计在63.8%至65.8% 之 间，非GAAP毛利率预计在64.0%至66.0%之间。 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [4]. Core Insights - The company reported a significant revenue increase of 272% year-over-year for FY26Q2, with revenues reaching $268 million. The gross margins were reported at 67.5% (GAAP) and 67.7% (Non-GAAP), with net profits of $82.64 million (GAAP) and $128 million (Non-GAAP), marking a substantial turnaround with a year-over-year increase of 943% [2]. - The company expects FY26Q3 revenues to be between $335 million and $345 million, with projected annual revenue growth of 170% for FY26. Long-term gross margins are anticipated to be between 63% and 65% [2]. - AEC remains the primary growth driver for the company, with a diversified customer base. Four customers contributed over 10% of revenue, accounting for 42%, 24%, 16%, and 11% respectively [3]. - The company is advancing its PCIe-related new products, which are expected to significantly increase the Total Addressable Market (TAM) and ensure sustained long-term growth. New products include ZeroFlap optical solutions, Active LED Cables (ALC), and Weaver solutions, with a potential TAM exceeding $10 billion [3]. Financial Projections - Revenue projections for FY26 and FY27 are $1.192 billion and $1.569 billion respectively, reflecting year-over-year growth rates of 173% and 32%. GAAP net profits are expected to be $280 million and $360 million for the same periods [4][9]. - The company’s EBITDA is projected to reach $319.58 million in FY26 and $406.14 million in FY27, indicating strong operational performance [9][10].