CRDO earnings — 2026-09-01

Credo Technology reported fiscal first-quarter results: revenue of $479 million, beating estimates by roughly $3.7 million, and EPS of $1.16 against a $1.03 consensus — a $0.13 beat — per Seeking Alpha's earnings-dates coverage and Yahoo Finance's report on the print (basis not stated in either source). Despite the beat, Yahoo Finance reports the stock fell approximately 19% the following session "as investors worried about margin pressures and cautious future guidance" — the only cause this pull offers for the decline; this confirms the revenue-beat/margin-selloff read flagged ahead of this pass.

An Evercore ISI price-target cut carried in the same pull is dated August 17, two weeks ahead of this print, and is excluded here as inconsistent with the reported timeline.

Sources

• Revenue and EPS actual vs consensus: Seeking Alpha earnings-dates coverage, via latest
• Revenue beat, stock reaction and stated cause: Yahoo Finance, 2026-09-02, same pull