Credo's Q1 Earnings and Sales Surpass Estimates, Rise Y/Y, Stock Up

Key Takeaways Credo Technology's Q1 EPS hit 52 cents, up from 4 cents last year, beating estimates by 48.6%.Revenue climbed 273.6% to $223.1M, driven by a 278.6% jump in product business sales.Top three customers each contributed over 10% of revenue, with broader diversification expected.Credo Technology Group Holding Ltd (CRDO) reported first-quarter fiscal 2026 adjusted earnings per share (EPS) of 52 cents, which surpassed the Zacks Consensus Estimate by 48.6%. The bottom line compared favorably with 4 ce ...