🔴 Credo Technology Group is trading 5.63% down in after-hours trading despite strong fiscal Q1 results

Credo Technology Group is trading at $195.00 (-5.63%) in after-hours trading as global risk-off pressure weighs on growth-oriented technology stocks.

• Reported strong fiscal Q1 2027 results: $479.0 million revenue and $1.20 non-GAAP EPS, according to the provided earnings report.
• Nasdaq Composite fell 1.02% as higher yields and Middle East tensions pressured technology stocks; selling followed despite the earnings beat.
• Previously published outlook called for $465 million–$475 million quarterly revenue and 67%–69% non-GAAP gross margin; the decline appears primarily global.