Stock Track | Credo Technology Soars 9.10% Intraday on Stellar Preliminary Q3 Revenue Beat

Stock Track02-10

Credo Technology Group Holding Ltd (CRDO) experienced a significant price surge during Tuesday's intraday trading session, with its stock soaring 9.10%.

The sharp upward movement was primarily driven by the company's announcement of preliminary financial results for its fiscal third quarter of 2026, which far exceeded both its own prior guidance and analyst expectations. Credo expects to report Q3 revenue in the range of $404 million to $408 million, a substantial increase from its previously issued guidance of $335 million to $345 million.

This strong performance signals accelerating momentum in the high-performance connectivity market, with the company projecting sequential revenue growth into the fourth quarter and more than 200% year-over-year revenue growth for the current fiscal year, fueled by robust demand for data-intensive applications and AI infrastructure.

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