Credo Technology Group Holding Ltd (CRDO) had some good news to share Monday evening, and investors responded enthusiastically. The company released preliminary third-quarter results that showed revenue running well ahead of expectations, sending shares soaring in extended trading.

Revenue Forecast Gets a Serious Upgrade

Here's what caught everyone's attention: Credo now expects third-quarter revenue somewhere between $404 million and $408 million. That's a big jump from the company's previous guidance range of $335 million to $345 million. When you're talking about roughly $60 million to $70 million more than you originally projected, people notice.

The company also offered a glimpse into what's coming next. Management expects sequential revenue growth in the mid-single digits for the fourth quarter, which would cap off a stellar fiscal 2026 with more than 200% year-over-year growth. That's the kind of growth trajectory that gets investors excited about a company's momentum.

Credo Technology plans to release its complete financial results for the quarter on March 2 after the market closes. A conference call is scheduled for 5 p.m. ET that same day, where management will discuss the quarter's performance and provide additional details about the company's outlook.

How Investors Can Gain Exposure

For those looking to invest in Credo, there are several paths. The most direct route is purchasing shares through a brokerage platform, where you can buy full or fractional shares. Alternatively, investors can gain exposure through exchange traded funds that hold the stock, or through strategies in retirement accounts like 401(k) plans that include mutual funds or similar instruments.

As an Information Technology sector company, Credo is typically included in ETFs that track this segment, offering investors a way to capture broader sector trends while gaining exposure to individual companies like Credo.

Market Reaction

The market's response was immediate and decisive. Credo Technology shares jumped 16.48% in after-hours trading Monday, reaching $143.75 at the time of publication, according to Benzinga Pro.