🔴 Credo Technology Group is trading 11% down in pre-market after strong report failed to satisfy elevated expectations

Credo Technology Group is trading 10.74% down now at $184.44 after its September 1, 2026 earnings beat estimates, but investors focused on margin pressure and elevated expectations.

• Revenue was $479.0 million, up 114.7% year over year; non-GAAP EPS was $1.20.
• Management guided fiscal Q2 revenue to $525 million-$535 million; stock had already fallen 8.65% during regular trading.
• Coverage called the decline company-specific, not primarily macro-driven, linking the selloff to a strong report insufficient for demanding expectations.