Credo Stock Drops 11% Despite Beating on Revenue and EPS - Yahoo Finance
Credo Technology Group shares fell 11% despite the company beating revenue and earnings expectations for the first quarter. The drop is attributed to rising operating expenses and share-based compensation outpacing revenue growth.
Why it matters
The market reaction highlights investor sensitivity to operating margins and spending in the high-growth semiconductor and connectivity sector.
Credo Stock Drops 11% Despite Beating on Revenue and EPS Renato Neves, CFA Wed, September 2, 2026 at 10:54 AM EDT 1 min read CRDO -0.64% Trade CRDO on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
This article first appeared on GuruFocus .
Credo Technology Group ( NASDAQ:CRDO ) fell 11.09% premarket after first quarter revenue rose 114.7% to $479.0 million, ahead of the $473.30 million consensus. Non-GAAP diluted EPS came in at $1.20 against $1.17 expected. GAAP diluted EPS was $0.67.
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