Credo (CRDO) Shares Plunge Despite Strong Q1 Results
CRDO Credo Technology Group Holding Ltd
$206.95 -8.51%
View chart & analysis → - 1Credo Technology Holding (CRDO) shares fell 8.65% in regular trading despite beating fiscal Q1 expectations.
- 2Revenue rose 115% to $479 million, with adjusted EPS of $1.20 topping estimates, while Q2 revenue guidance came in at $525-$535 million.
- 3The guidance disappointed, and management projected an inflection point in the second half of fiscal 2027 with annual revenue growth exceeding 85%.
This 3-line summary is compiled from the report below.
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