🔴 Credo Technology Group is trading 9.1% down in pre-market as investors focus on profitability outlook

Credo Technology Group is trading 9.1% down at $187.89 after September 1, 2026 earnings showed exceptional AI-driven growth but weaker reported profitability.

• Revenue reached $479.0 million; non-GAAP EPS was $1.20.
• Second-quarter revenue guidance was $525 million-$535 million, despite the earnings beat.
• Shares fell 8.65% during the September 1 session, while broader pre-market weakness remains comparatively modest.