Credo Technology Lifts Q3 Revenue Guide to $404M–$408M, Stock Surges
Credo Technology raised its Q3 fiscal 2026 revenue guidance to $404M–$408M, above prior $335M–$345M, driving a 17.5% premarket jump. The company forecasts over 200% year-over-year revenue growth this fiscal year and will host an earnings call on March 2, 2026.
1. Preliminary Q3 Revenue Guidance Increase
Credo expects third-quarter fiscal 2026 revenue of $404M to $408M, up from prior guidance of $335M to $345M, reflecting a roughly 20% upward revision at the midpoint.
2. Growth Outlook and Earnings Call
The company forecasts over 200% year-over-year revenue growth for fiscal 2026 and anticipates mid-single-digit sequential growth entering fiscal 2027, with a conference call scheduled for March 2, 2026 to discuss details.
3. Stock Price Reaction and Technicals
Shares jumped about 17.5% in premarket trading, trading 8.8% above their 20-day moving average but 3.6% below the 100-day average; RSI stands at 46.6 and MACD remains below its signal line, signaling mixed momentum.
4. Analyst Estimates and Valuation
Analysts forecast EPS of $0.68 versus $0.25 year-ago and revenue of $341.4M, valuing the stock at 106.4x forward P/E; the consensus holds a Buy rating with an average target of $171.