We recently published 10 Big Names With Double-Digit Upsides. Credo Technology Group Holding Ltd (NASDAQ:CRDO) is one of last week’s top performers.
Credo Technology grew its share prices by 14.4 percent week-on-week to reach a new all-time high as investor sentiment was largely fueled by a stellar earnings performance in the first quarter of fiscal year 2026.
During the trading week, the stock rallied for four straight days to reach a fresh 52-week peak of $142.57, before trimming gains to end Friday at $140.82.
In the first quarter of the 2026 fiscal year, Credo Technology Group Holding Ltd (NASDAQ:CRDO) swung to a net profit of $63.4 million from a $9.54 million net loss in the same period last year, as total revenues skyrocketed by 273.6 percent to $223.07 million from $59.7 million, on the back of a jump in product sales revenue.
According to Bill Brennan, president and chief executive officer, growth was driven by deep, strategic partnerships with hyperscalers and key customers, and is expected to continue contributing to revenue growth and diversification in terms of customers, protocols, and applications.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) also expects revenues to settle between $230 million and $240 million in the second quarter alone.
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Disclosure: None. This article is originally published at Insider Monkey.
