Credo Guides Q2 Revenue to $525M-$535M, Above Expectations
CRDO has more than doubled off its 52-week low of $86.485.
Summary
Credo Technology guided second-quarter revenue to $525M-$535M, a range that implies continued strong growth following FY26 revenue of $1.335B. The guidance is the first concrete forward-looking number since the explosive FY26 results and suggests demand remains robust. This follows a pattern of insider selling, but the revenue outlook is a positive signal for the business. Traders will focus on whether the guidance beats consensus and how it compares to the prior quarter's run rate.
At the time of this announcement, CRDO was trading at $205.85 on NASDAQ in the Technology sector, with a market capitalization of approximately $38.8B. The 52-week trading range was $86.49 to $308.67. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.