Credo Technology Group Holding Ltd. (NASDAQ:CRDO) stock fell in premarket trading Tuesday after the company reported fiscal fourth-quarter 2026 results that topped Wall Street estimates but highlighted lofty investor expectations following the stock’s strong run.
Revenue, Earnings Surge On AI Connectivity Demand
Something went wrong.
The high-speed connectivity solutions provider reported fourth-quarter revenue of $437 million, ahead of analyst estimates of $432.05 million. Adjusted earnings came in at $1.16 per share, beating expectations of $1.03 per share.
Highlighting the pace of growth, Chief Executive Officer Bill Brennan said on the earnings call that fiscal fourth-quarter revenue reached a record $437 million. “Notably, our revenue in the quarter exceeded our entire fiscal 25 revenue,” Brennan said.
