Overview
- Credo preannounced fiscal Q3 2026 revenue of $404 million to $408 million, topping prior guidance and Street estimates.
- Management projected mid‑single‑digit sequential growth into Q4 and indicated the pace could carry into fiscal 2027, implying roughly 200% year‑over‑year revenue growth for fiscal 2026.
- Needham reaffirmed a Buy with a $220 target and raised its revenue forecasts to $1.92 billion for fiscal 2027 and $2.30 billion for fiscal 2028, citing strength in Active Electrical Cables.
- Roth Capital and Roth MKM kept Buy ratings but cut targets to $200, pointing to sector‑wide multiple compression, with the shares reported down about 14.8% year to date.
- Credo said its Toucan PCIe retimer supporting PCIe 6.0 received PCI‑SIG compliance certification at 32.0 GT/s, confirming interoperability across standards‑based platforms.