Credo Technology Group is trading 10.1% down at $185.84 in after-hours trading after September 1, 2026 earnings results showed strong growth but weaker reported profitability.

  • Revenue reached $479.0 million and non-GAAP diluted EPS was $1.20; Q2 guidance exceeded expectations.
  • GAAP gross margin fell to 64.5% from 68.2% sequentially, while operating expenses increased sharply, prompting focus on margin pressure and valuation.