Credo's Q2 Earnings and Sales Beat Estimates, Up Y/Y, Stock Gains

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 ...