Credo Technology shares rise 12.82% premarket after reporting strong Q1 2026 earnings with 274% year-over-year revenue growth.

Credo Technology Group Holding Ltd rose 12.82% in premarket trading, driven by the company's strong first-quarter financial results for fiscal year 2026. The company reported revenue of $223.1 million, a 274% year-over-year increase, and a GAAP net income of $63.4 million, compared to a net loss of $9.54 million a year ago. These positive financial results indicate strong growth and profitability, aligning with the stock's upward movement.