Credo Technology (CRDO) will release its second-quarter earnings results on Monday, Dec. 1. The stock has already delivered an impressive rally, rising 33.7% over the past three months and soaring over 138% so far this year. Much of that momentum in CRDO stock has been driven by strong demand for its high-speed connectivity solutions tied to the ongoing boom in artificial intelligence.
Even after that notable surge, Wall Street remains bullish. Most analysts still rate Credo as a “Strong Buy,” suggesting confidence that the company’s growth story is far from over. Technical indicators support that optimism as well. The stock’s 14-day Relative Strength Index sits below the typical overbought level, hinting that shares could still have more room to climb, especially if the upcoming results deliver positive surprises.
Options traders are anticipating a significant post-earnings move. Current pricing implies an 18.1% swing in either direction after earnings release for contracts expiring Dec. 5. Notably, CRDO stock jumped 7.4% following its last earnings update.
After a solid start to fiscal 2026, Credo is likely to deliver strong growth in Q2 as well. Credo builds the high-speed, low-power connectivity hardware that keeps modern AI and cloud systems running efficiently. Its products include Active Electrical Cables (AECs), key integrated circuits, and advanced Serializer/Deserializer (SerDes) technology. As data demands surge, so does the need for Credo’s solutions.
Management has guided Q2 revenue to be between $230 million and $240 million. The guidance reflects a massive jump from the $72 million recorded a year earlier. CRDO’s top-line growth is likely to be driven by increased adoption of its power-efficient, high-speed connectivity products as hyperscale cloud operators and data center customers accelerate investments in AI-driven infrastructure.
While a few major customers still account for a large share of revenue, Credo anticipates a more diversified customer base over the coming quarters as additional hyperscalers and data center partners ramp up purchases. With strong demand fundamentals and expanding customer reach, Credo is capturing a growing share of the AI and cloud infrastructure market.