Credo Technology Analysts Raise Their Forecasts Following Upbeat Q2 Earnings

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) reported upbeat second-quarter financial results and issued strong third-quarter sales guidance on Monday.

Credo reported quarterly adjusted earnings of 67 cents per share, which beat the analyst estimate of 49 cents by 36.18%. Quarterly revenue came in at $268.03 million, which beat the consensus estimate of $234.92 million.

"In the second quarter, Credo delivered revenue of $268 million, an increase of 20% sequentially and an extraordinary 272% increase year-over-year. These are the strongest quarterly results in Credo's history, and they reflect the continued build-out of the world's largest AI training and inference clusters," Credo CEO Bill Brennan said.

Credo said ...

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Credo Technology Analysts Raise Their Forecasts Following Upbeat Q2 Earnings

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