Credo (CRDO) Surges 8.3% Ahead of Earnings

We recently published 10 Stocks Racking Up Big Gains. Credo Technology Group Holding Ltd. (NASDAQ:CRDO) is one of the top performers of last week.

Credo Technology extended its winning streak for a fourth straight session on Friday, adding 8.29 percent to close at $177.60 apiece as investors positioned portfolios ahead of the results of its earnings performance next week.

According to a notification to investors, Credo Technology Group Holding Ltd. (NASDAQ:CRDO) would release its financial and operating highlights for the second quarter of fiscal year 2026 after market close tomorrow, December 1. A conference call will be held to elaborate on the results.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) provided its growth guidance for the second quarter of the year, with revenues expected between $230 million and $240 million, GAAP gross margin between 63.5 percent and 65.5 percent, and operating expenses of $96 million to $98 million.

Last week, Credo Technology Group Holding Ltd. (NASDAQ:CRDO) announced that it entered into a licensing agreement with The Siemon Company in relation to its patents covering its active electrical cable technology. Details, however, were not divulged amid non-disclosure agreements.

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Disclosure: None. This article is originally published at Insider Monkey.