Post-earnings recap
Reported
Tue, Sep 1, 2026
EPS actual
$1.20
EPS est.
$0.93
EPS surprise
+29.31%
1-day move
-8.65%
Credo Technology Group reported strong earnings with a significant EPS beat, but the stock fell 8.65% in reaction. This decline may reflect investor concerns despite impressive revenue growth and management's optimistic outlook for the optical business. The company is expected to continue its growth trajectory, particularly in the optical segment, which is a key focus area.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $1.20 | N/A | +29.31% |
| Revenue | $479M | N/A | N/A |
| Non-GAAP Net Income | $236.3M | N/A | +140% |
| Gross Margin | 68% | N/A | N/A |
Management expressed confidence in the company's growth trajectory, particularly in the optical segment. They highlighted strong customer engagement and projected revenue growth for the upcoming quarter.
Management expects Q2 revenue between $525M and $535M.
The optical business is a major growth driver with expectations for continued outsized growth in FY27.
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