New York, Feb 10, 2026, 04:49 (ET) — Premarket
- Credo jumped roughly 17% ahead of the bell, with the company signaling it had topped revenue expectations for its fiscal third quarter.
- The company is now projecting mid-single-digit sequential growth heading into fiscal Q4, and it’s targeting revenue growth of over 200% for fiscal 2026.
- Eyes turn to March 2, when investors expect to see the full results, margin specifics, and the latest targets.
Shares of Credo Technology Group Holding Ltd jumped 16.6% in premarket trading Tuesday, reaching $143.88, after the company posted a positive revenue update connected to its fiscal third quarter. 1
Why does this update matter? Investors are chasing anything tied to AI data-center expansion, and that’s Credo’s turf—its chips and cables shuttle data inside those facilities. When revenue leaps unexpectedly before full results are even out, forecasts can get rewritten in a hurry.
The news arrives as traders pick through the confusion swirling in semiconductors, a sector where stocks jerk around at the slightest whiff of changing demand, tight supply, or customers pausing orders. Credo, being on the smaller side, can see big swings in its results from just a handful of major wins.
Credo now sees fiscal third-quarter revenue landing between $404 million and $408 million, topping its earlier range of $335 million to $345 million. The quarter wrapped up Jan. 31. 2
The company is projecting mid-single-digit sequential revenue gains heading into the back end of fiscal 2026 and through fiscal 2027. For the current fiscal year, that outlook amounts to year-over-year growth topping 200%. (“Sequential” refers to quarter-over-quarter changes.) 3
Credo plans to post its complete fiscal third-quarter results after the bell on March 2, with the earnings call set for 2:00 p.m. Pacific Time. The company emphasized that these revenue numbers are still preliminary and unaudited—final figures might shift once closing procedures are finished.
Credo filed the update as an 8-K, disclosing results of operations and its financial condition, according to a U.S. securities filing. 4
Credo makes high-speed connectivity components for data infrastructure—think Ethernet links and other high-bandwidth hardware for cloud and hyperscale setups. 5
The company’s beat lands amid a busy lineup of AI-infrastructure suppliers, with networking and interconnect chipmakers also in the mix. Investors have been using the group as a kind of barometer for whether AI spending is fanning out past the headline GPU stocks.
Still, the risk is clear enough. Early figures are prone to revision, and margins at those higher revenues matter just as much — especially if much of the surprise was driven by one customer scaling up, a boost that might not last. Smaller suppliers are especially exposed if hyperscalers rethink spending or switch up their cabling and optics preferences; any pullback there tends to hit them first.
Next up for traders: March 2. They’ll be looking for clarity on what drove the revenue surge, any fresh insight into customer demand, and whether Credo will commit to more specific fiscal fourth-quarter guidance instead of just sticking with that “mid-single-digit” sequential growth line.
