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Credo Technology already gave “blowout” guidance for the January quarter back in December, according to TD Cowen analyst Sean O’Loughlin. And now the company’s unexpected preannouncement of even stronger results has made a new statement to Wall Street.
Credo
CRDO, which makes connectivity components for data-centers, said late Monday that it expects to report revenue of between $404 million and $408 million for the third fiscal quarter of 2026, which ended on Jan. 31. That’s almost 20% higher at the midpoint than the company’s previous guidance for between $335 million and $345 million, and about 17% above the previous FactSet consensus of $346 million.