Credo Technology Stock Rallies After Better-Than-Expected Q3 Report: Details

Credo Technology Group Holding Ltd. BOX released its third-quarter results after Tuesday's closing bell. Here's a look at the key figures from the quarter.  

The Details: Credo Technology reported quarterly earnings of 25 cents per share. It beat the analyst consensus estimate of 18 cents. Quarterly revenue came in at $135 million. That exceeds the analyst consensus estimate of $120.06 million and is an increase over revenue of $53.05 million from the same period last year.

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“During the third quarter ended February 1, 2025 Credo generated revenue of $135.0 million, up 87% sequentially and 154% year over year. We achieved record revenue in the third quarter, driven by our AEC product line, as we experienced the inflection point in our business that we had expected. Going forward, we expect continued growth across our product lines and customer base as market demand for innovative connectivity solutions continues to grow,” Credo CEO Bill Brennan said.

Outlook: Credo sees Q4 revenue in a range of $155M million to $165 million, versus the $137.43 million consensus estimate.

Price Action: According to data from Benzinga Pro, Credo Technology shares are up 5.51% after hours at $57.30 Tuesday.  

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