Credo Technology (US:CRDO) The Motley Fool·2025-12-02 23:16Core Insights - Credo Technology Group's stock surged over 10% following the announcement of significant growth metrics, driven by high demand for its high-speed connectivity solutions in AI data centers [1][2]. Financial Performance - Credo's revenue increased by 272% year-over-year, reaching $268 million in the second quarter of fiscal 2026, marking the strongest quarterly results in the company's history [2][4]. - The company's adjusted net income soared more than tenfold to $128 million, translating to $0.67 per share, exceeding Wall Street's expectations of $0.50 per share [4]. Future Outlook - Management projects revenue for the fiscal third quarter to be between $335 million and $345 million, indicating a year-over-year growth of 148% to 156% [5]. - The CEO emphasized the critical nature of reliability, power efficiency, signal integrity, latency, reach, and total cost of ownership for customers, positioning Credo to meet these challenges effectively [5].