CRDO · PEAD ↓ 80

Credo Technology reported Q1 FY2027 EPS of $0.78 on 2026-09-01, missing the $0.93 consensus by $0.15 (-16.1%).

Print-day reaction was -8.6% versus the prior close, a sharp gap down that immediately priced in the earnings miss. The overnight move to T+1 open extended the damage by another -8.7%, signalling no stabilisation after hours. Over the following two sessions the price drifted a partial +3.2%, but this modest bounce was insufficient to recoup the prior losses and left the cumulative move deeply negative. Cumulative abnormal return of -25.0% versus SPY.US firmly places this in PEAD short territory; the drift confirms and sustains the initial negative reaction through the holding window ending 2026-11-27.