https://www.live-feeds.com/feed/credo-technology-group-holding-ltd-reports-first-quarter-of-fiscal-year-2027-financial-resultsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/credo-technology-group-holding-ltd-reports-first-quarter-of-fiscal-year-2027-financial-resultshttps://www.live-feeds.com/feed/credo-technology-group-holding-ltd-reports-first-quarter-of-fiscal-year-2027-financial-results#u55713Thu, 03 Sep 2026 13:15:48 +0000Credo Technology Group Holding Ltd shares dropped between 8% and 20% following first-quarter fiscal 2027 results that exceeded revenue and earnings targets. The company reported revenue of $479 million, a 114.7% increase year over year, and GAAP net income of $129.4 million. Despite the growth driven by AI infrastructure demand, investors reacted negatively to margin compression, with gross margins falling to 64.5%. Market reactions varied by source, with some reporting a 19.96% decline on September 2 and others noting an 18% plunge to a trading price of $169.Why it mattersThe company provides