Credo’s inventory soars as new numbers rating the chip firm some factors in a key debate

Credo Expertise already gave “blowout” steerage for the January quarter again in December, in line with TD Cowen analyst Sean O’Loughlin. And now the corporate’s sudden preannouncement of even stronger outcomes has made a brand new assertion to Wall Road.

Credo CRDOwhich makes connectivity parts for data-centers, mentioned late Monday that it expects to report income of between $404 million and $408 million for the third fiscal quarter of 2026, which ended on Jan. 31. That’s virtually 20% increased on the midpoint than the corporate’s earlier steerage for between $335 million and $345 million, and about 17% above the earlier FactSet consensus of $346 million.