Credo Technology Group beats by $0.02, beats on revs; guides Q3 revs above consensus
- Reports Q2 (Oct) earnings of $0.07 per share, excluding non-recurring items, $0.02 better than the FactSet Consensus of $0.05; revenues rose 63.6% year/year to $72.03 mln vs the $66.81 mln FactSet Consensus.
- Co issues upside guidance for Q3 (Jan), sees Q3 revs of $115-125 mln vs. $86.04 mln FactSet Consensus.
- Co added, "For the past few quarters, we have anticipated an inflection point in our revenues during the second half of fiscal 2025. I am pleased to share that this turning point has arrived, and we are experiencing even greater demand than initially projected, driven by AI deployments and deepening customer relationships."
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