Core Insights - Credo Technology Group Holding Ltd (NASDAQ:CRDO) reported a significant turnaround in its financial performance, achieving a net income of $82.6 million compared to a net loss of $4.2 million in the same quarter last year [2] - The company's revenues surged by 272 percent year-over-year, reaching $268 million, driven by a 278 percent increase in product sales [2][3] - The second quarter of fiscal year 2026 marked the strongest quarterly results in the company's history, with a sequential revenue increase of 20 percent [3] Financial Performance - Net income for the second quarter was $82.6 million, a substantial improvement from the previous year's loss [2] - Revenues increased to $268 million from $72 million year-on-year, reflecting a 272 percent growth [2] - Product sales also saw a remarkable increase of 278 percent, contributing to the overall revenue growth [2] Future Outlook - The company anticipates continued growth in its core AEC and IC franchises, along with new product ramps such as ZeroFlap Optics, ALCs, and OmniConnect gearbox solutions [4] - For the third quarter of fiscal year 2026, revenues are projected to be between $335 million and $345 million [4]