Credo Technology (US:CRDO) The Motley Fool·2025-12-02 00:31Core Insights - Credo Technology reported record financial performance for Q2 2026, significantly exceeding analysts' expectations [2][4][6] - The company's stock surged 15.1% in after-hours trading following the earnings report, despite a 3.6% decline during regular trading hours [2][3] Financial Performance - Credo's Q2 2026 revenue reached $268 million, representing a 272% year-over-year increase, surpassing the expected $235 million [4] - The diluted earnings per share (EPS) for Q2 2026 was $0.67, exceeding the anticipated $0.50 [6] - The company projects Q3 2026 revenue between $335 million and $345 million, indicating a potential year-over-year growth of 152% if the midpoint is achieved [7] Market Reaction - Following the earnings announcement, Credo's stock price increased to $197.24 in after-hours trading, reflecting strong investor confidence [3][8] - The market capitalization of Credo Technology is currently $31 billion, with a gross margin of 65.15% [5][6]