Credo Technology Group is trading 11.8% down now at $182.18 as margin concerns overshadowed a strong earnings beat.
- September 1 results included $479.0 million in revenue and non-GAAP EPS of $1.20.
- Concerns centered on GAAP margin softness, higher operating expenses, and demanding growth expectations.
- Q2 revenue guidance exceeded estimates, but the report became a sell-the-news event amid semiconductor weakness and elevated yields.