Market Updates
U.S. Movers: Credo Technology, MongoDB
Scott Peters
02 Dec, 2025
New York City
Credo Technology Group soared 18% to $202.0, and the data center connectivity solution provider reported sharply higher revenue and earnings in the fiscal second quarter ending in October.
Revenue increased 272% to $268.0 million from $72.0 million, net income swung to a profit of $82.6 million from a loss of $4.2 million, and diluted earnings per share improved to a profit of 44 cents from a loss of 3 cents a year ago.
The company estimated fiscal third quarter revenue to range between $335 million and $345 million, gross margin between 63.8% and 65.8%, and operating expenses between $116 million and $120 million.
MongoDB jumped 22% to $404.0 after the database developer reported strong fiscal third-quarter results.
Revenue increased 19% to $628.3 million from $529.4 million, net loss shrank to $2.0 million from $9.8 million, and diluted loss per share dropped to 2 cents from 13 cents a year ago.
MongoDB estimated fourth quarter revenue to range between $665 million and $670 million, adjusted income from operations between $139 million and $143 million, and adjusted diluted earnings per share between $1.44 and $1.48.
For the fiscal year 2026, the database developer estimated revenue between $2.434 billion and $2.439 billion, adjusted income from operations between $436.4 million and $440.4 million, and adjusted diluted earnings per share between $4.76 and $4.80.
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Earnings
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