Credo Technology (CRDO) Q1 FY2027 Earnings Overview: 115% Revenue Growth and $1.20 EPS Beat Fail to Prevent 20.04% Selloff

Credo Technology Q1 FY2027 revenue reached $479.0 million and non-GAAP diluted EPS reached $1.20, yet CRDO fell 20.04% in the completed reaction session. The analysis explains why modest upside, margin pressure and a demanding optical ramp outweighed triple-digit revenue growth.