{
  "id": 1916071,
  "title": "Credo (CRDO) Soars Ahead of Earnings, Revenues Seen to More-Than-Double",
  "url": "https://urgent.news/2026/08/18/credo-crdo-soars-ahead-of-earnings-revenues-seen-to-more-than-double",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T01:49:18.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/credo-crdo-soars-ahead-earnings-014918463.html"
  },
  "original_language": "en",
  "account": "Credo Technology Group Holding Ltd. (NASDAQ:CRDO) experienced a notable 8.82 percent increase in its share price on Monday, reaching $282.82, as investors prepared for its earnings release for the fiscal year 2027 first quarter. The company has scheduled the earnings results to be released after the market closes on September 1, 2026, followed by a conference call to provide further details. Earlier, the company had forecasted a revenue range of $465 million to $475 million for the same period, indicating a potential growth ranging from 108% to 113% from the $223.1 million generated in the same quarter a year earlier. The anticipated gross margins are expected to be between 66.9% and 68.9% (GAAP) and 67% to 69% (non-GAAP). Credo's President and CEO, Bill Brennan, highlighted the company's focus on delivering strong financial performance through its innovative and vertically integrated approach, which aims to accelerate cluster time-to-stability, improve GPU utilization, enhance network reliability, and reduce infrastructure power costs. However, hedge fund sentiment towards Credo Technology Group Holding Ltd. (NASDAQ:CRDO) appears to have shifted negatively in the first quarter of the year, with 59 hedge funds holding positions, down from 69 in the prior quarter, and their combined holdings dropping by 24% to $1.9 billion from $2.5 billion. The company's impressive earnings growth in the fourth quarter of fiscal year 2026, with net income increasing 362% to $169 million and revenues rising 157% to $437 million, may help address investor concerns and restore confidence in the stock.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}