Credo Technology stock gains as Q1 revenue jumps 114.7 percent

Published on 09/18/2026 at 14:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Credo Technology stock rose after fiscal Q1 2027 revenue reached USD 479 million on September 1, 2026. JPMorgan cut its target to USD 310 on September 2, 2026.

CRDO, KYG254571055, Illustration mit AI erstellt.

Credo Technology Group Holding Ltd. stock (KYG254571055) is trading around USD 150.39 after a weak session on September 15, 2026, while the latest reported quarter still showed rapid growth. Fiscal first-quarter revenue for 2027 reached USD 479 million, up 114.7 percent year over year, and adjusted EPS came in at USD 1.20, above the consensus USD 1.17.

Revenue and earnings

As MarketBeat reported on September 17, 2026, Credo Technology Group Holding Ltd. posted fiscal Q1 2027 EPS of USD 1.20, beating the USD 1.17 estimate by USD 0.03. The same report said revenue reached USD 479.0 million, compared with USD 479.0 million a year earlier? No, the reported comparison was USD 479.0 million versus USD 223.0 million in the prior-year quarter, which implies the 114.7 percent increase cited in the coverage.

That scale matters because the company also reported Q1 2027 revenue growth of 9.6 percent sequentially, showing that the business is still expanding even after a strong prior quarter. The market response has been mixed, with the shares still well below the round USD 160 area seen in recent trading commentary.

Analyst targets reset

According to Benzinga on September 17, 2026, JPMorgan lowered its target to USD 310.00 and kept an Overweight view, while Evercore ISI Group cut its target to USD 292.00 and kept Outperform. The same report said Rosenblatt raised its target to USD 235.00, underscoring how fast the valuation debate has shifted after the latest quarter.

Invezz reported on September 17, 2026 that 16 analysts tracking the company see average Q2 revenue growth of 98 percent to USD 531 million and full-year revenue of about USD 2.5 billion, up 87 percent from last year. For investors, the comparison is clear: the reported Q1 base of USD 479 million leaves little room for a slowdown narrative.

Stock level and next checks

Credo Technology stock last changed hands at USD 150.39 on September 15, 2026, with the same recent commentary placing the shares near a bear-market backdrop after the latest pullback. The next catalyst is the market's reaction to whether the company can turn USD 479 million in quarterly revenue into the USD 531 million analysts are now modeling for Q2.