News
TSMC monthly revenue increases 36 percent alongside strong growth guidance from Credo
Monday, February 9, 2026 at 09:51 PM
TSMC reported monthly revenue growth of 36 percent, while Credo Technology Group provided guidance exceeding 20 percent growth, indicating strong momentum in the AI semiconductor market.
Context
Credo Technology Group (Nasdaq: CRDO) significantly raised its preliminary revenue outlook for the third quarter of fiscal 2026, now projecting $404 million to $408 million. This updated range represents a substantial increase from the prior guidance of $335 million to $345 million, reflecting an accelerating demand for high-speed connectivity within AI-driven data centers. Management cited the rapid expansion of massive AI training and inference clusters as the primary catalyst, driving record adoption of its Active Electrical Cable (AEC) and Integrated Circuit (IC) portfolios.
The revision underscores Credo’s critical role in the AI supply chain, where power-efficient connectivity is a bottleneck for hyperscalers scaling to hundreds of thousands of GPUs. The company now anticipates total revenue growth for fiscal 2026 to exceed 200% year-over-year, supported by deepening relationships with major cloud providers. This momentum is further bolstered by upcoming product ramps, including its ZeroFlap optical solutions and 3nm AI retimers, positioning the firm for sustained growth through fiscal 2027.
Related Companies
Credo Technology Group
CRDO