Credo Technology Group Holding Ltd (CRDO)
🔔 Watch stock
symbol.quality_heading
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
A real product, a real AI boom, real profits — the cleanest growth story in our scanner. But only as a deliberately risky position with a clear exit plan: the price allows no misstep, and three major customers carry the business. The decision is yours.
symbol.quality_note
Revenue tripled in a single year, a 35 percent net margin, eight record quarters in a row — Credo Technology supplies the connectivity for AI data centers and the prettiest growth numbers in our scanner. We read the SEC filings and show you the other side too: three customers, one contract manufacturer, and a price that assumes perfection. Not investment advice — just both sides of a gleaming balance sheet.
Read the analysis
Stock Watch
This analysis is as of July 18, 2026. Stock Watch will tell you what's changed at CRDO since then.
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Appears in These Scanners
This stock currently matches 35 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 207.00 $ — 56% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
AI Rating
Sells AICredos Kerngeschäft — Hochgeschwindigkeits-Verbindungsprodukte (AECs, Optical DSPs, SerDes) — wird laut 10-K/10-Q ausdrücklich für KI-Cluster und KI-Rechenzentren verkauft und vom AI/ML-Infrastruktur-Ausbau der Hyperscaler getrieben, ist also eine KI-Umsatzquelle.
View the full file — quotes, sources, reviewed filings
„The Company’s highspeed copper and optical interconnect products deliver industry-leading power and performance at up to 1.6T to meet the ever-expanding data infrastructure demands of AI."
Die Hochgeschwindigkeits-Kupfer- und optischen Verbindungsprodukte des Unternehmens liefern branchenführende Leistungsaufnahme und Performance mit bis zu 1,6T, um die stetig wachsenden Dateninfrastruktur-Anforderungen der KI zu erfüllen.
„Our hyperscale customers are increasingly pursuing AI/ML infrastructure, and we believe the AI/ML infrastructure market is a significant growth opportunity for our connectivity solutions."
Unsere Hyperscale-Kunden setzen zunehmend auf KI/ML-Infrastruktur, und wir sind überzeugt, dass der KI/ML-Infrastrukturmarkt eine bedeutende Wachstumschance für unsere Konnektivitätslösungen darstellt.
„Credo optical digital signal processors (DSPs) are core components within optical transceivers deployed in AI clusters, hyperscale data centers, service‑provider networks, enterprise networks, and 5G wireless infrastructure."
Credos optische digitale Signalprozessoren (DSPs) sind Kernkomponenten in optischen Transceivern, die in KI-Clustern, Hyperscale-Rechenzentren, Netzen von Diensteanbietern, Unternehmensnetzen und 5G-Mobilfunkinfrastruktur eingesetzt werden.
„At Credo, our mission is to redefine high-speed connectivity by delivering breakthrough solutions that enable the next generation of AI-driven applications."
Bei Credo ist es unsere Mission, Hochgeschwindigkeits-Konnektivität neu zu definieren, indem wir bahnbrechende Lösungen liefern, die die nächste Generation KI-getriebener Anwendungen ermöglichen.
Filings Reviewed: 10-Q 2026-03-03 · 10-Q 2025-12-02 · 10-Q 2025-09-04 · 10-Q 2025-03-10 · 10-K 2026-06-15 · 10-K 2025-07-02
Rated on July 7, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 34.9% above the current price.
- Consensus
- Strong Sell
- Analyst Ratings
- 13
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 04/30/2027 | 6.13 | 5.65 – 6.70 | 2,455 | 77.1% | 18 |
| 04/30/2028 | 9.08 | 7.75 – 11.51 | 3,678 | 48.2% | 18 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- 0.91 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2023: Q3 | -0.08 | – | 35 | -24.50 | -33.30 | 25 | 19 |
| 2023: Q4 | -0.04 | -100.00 | 44 | -14.40 | -15.00 | 5 | 3 |
| 2024: Q1 | 0.00 | -100.00 | 53 | -2.20 | 0.80 | -1 | -6 |
| 2024: Q2 | -0.06 | 45.50 | 61 | 89.40 | -17.30 | 4 | 1 |
| 2024: Q3 | -0.06 | 25.00 | 60 | 70.10 | -15.90 | -7 | -13 |
| 2024: Q4 | -0.03 | 25.00 | 72 | 63.60 | -5.80 | 10 | -12 |
| 2025: Q1 | 0.16 | 6,184.50 | 135 | 154.40 | 21.70 | 4 | 0 |
| 2025: Q2 | 0.20 | – | 170 | 179.70 | 21.50 | 58 | 54 |
| 2025: Q3 | 0.34 | – | 223 | 273.60 | 28.40 | 54 | 51 |
| 2025: Q4 | 0.44 | – | 268 | 272.10 | 30.80 | 62 | 39 |
| 2026: Q1 | 0.82 | 408.60 | 407 | 201.50 | 38.60 | 166 | 140 |
| 2026: Q2 | 0.88 | 336.80 | 437 | 157.00 | 38.70 | 182 | 178 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2020 | 54 | 2 | 1 | 0.02 | -10 | -9 | 108 |
| 2021 | 59 | -25 | -28 | -0.20 | -42 | -55 | 155 |
| 2022 | 106 | -22 | -22 | -0.15 | -31 | 334 | 376 |
| 2023 | 184 | -21 | -17 | -0.11 | -25 | 348 | 397 |
| 2024 | 193 | -37 | -28 | -0.18 | 33 | 540 | 602 |
| 2025 | 437 | 38 | 52 | 0.29 | 65 | 682 | 809 |
| 2026 | 1,335 | 445 | 472 | 2.51 | 464 | 2,064 | 2,296 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Assessment: Opportunities & Risks
Revenue tripled in fiscal year 2026 (up 205.7 percent to $1.34 billion); eight record quarters in a row.
A 35.4 percent net margin and a 68 percent gross margin — but the profit era is only two years old.
$1.44 billion in cash and investments, practically debt-free, a Piotroski score of 7 of 9.
Top 10 customers ≈ 90 percent, three end customers = 84 percent of revenue; in 2023 a single customer nearly stopped growth once before.
A trailing P/E around 104, a price-to-sales ratio around 36 — years of perfection are priced in; zero insider purchases against 20 sales.
Stage 2, an RS rating of 96, trend template and power trend active, 16 of 72 scanners — trend and numbers point in the same direction.
Credo is the cleanest growth story in our scanner — a real product, a real boom, real profits — at a price that allows not a single misstep, carried by three major customers and one foundry. If at all, then as a deliberately risky growth position with a clear exit plan, not as a quiet core holding. Not investment advice.
- An average daily range of 10.9 percent — budget for extreme volatility.
- The fiscal year ends in early May: fiscal year 2026 is already closed and audited.
- EDGAR check as of July 18, 2026: no new annual, quarterly or current reports since July 9, 2026 — only routine insider filings (Forms 4/144, all sales).
About the Company
Credo Technology Group Holding Ltd bietet diverse Hochgeschwindigkeits-Konnektivitätslösungen für optische und elektrische Ethernet- und PCIe-Anwendungen in den USA, Taiwan, Festlandchina, Hongkong und anderen internationalen Märkten an. Das Unternehmen bietet ZeroFlap-(ZF-)Active-Electrical-Cables an.
| Employees | 807 |
|---|---|
| Headquarters | Grand Cayman, Cayman Islands |
| Address | Ugland House, KY1-1104 Grand Cayman, Cayman Islands |
| Phone | 408-664-9329 |
| Website | credosemi.com |
| IPO Date | 27. Jan 2022 |
| ISIN | KYG254571055 |
Management
| Name | Title | Birth Year |
|---|---|---|
| William J. Brennan | President, CEO & Chairman | 1964 |
| Chi Fung Cheng | Co-founder, CTO & Director | 1969 |
| Yat Tung Lam | Co-founder, COO & Director | 1967 |
| Daniel Fleming | Chief Financial Officer | 1967 |
| James L. Laufman | Chief Legal Officer & Secretary | 1965 |
| Daniel J. O'Neil | VP of Investor Relations & Treasurer | 1971 |
| David Matukaitis | VP of Corporate Development and FP&A | – |
| Phillip Ralph Kumin | Senior Vice President of Global Sales | 1966 |
| Diane Vanasse | Vice President of Marketing Communications | – |
| Kimberly Sullivan Cassady | Senior Vice President of People | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Insider Transactions
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 27. Jul 2026 | Cheng Chi Fung | Chief Technology Officer | Sell | 400 | 217.02 | 86,809 |
| 27. Jul 2026 | Cheng Chi Fung | Chief Technology Officer | Sell | 700 | 214.72 | 150,307 |
| 27. Jul 2026 | Cheng Chi Fung | Chief Technology Officer | Sell | 600 | 213.91 | 128,345 |
| 27. Jul 2026 | Cheng Chi Fung | Chief Technology Officer | Sell | 100 | 218.79 | 21,879 |
| 27. Jul 2026 | Cheng Chi Fung | Chief Technology Officer | Sell | 300 | 210.89 | 63,266 |
| 27. Jul 2026 | Cheng Chi Fung | Chief Technology Officer | Sell | 800 | 209.51 | 167,610 |
| 27. Jul 2026 | Cheng Chi Fung | Chief Technology Officer | Sell | 2,300 | 208.22 | 478,899 |
| 27. Jul 2026 | Cheng Chi Fung | Chief Technology Officer | Sell | 3,400 | 207.66 | 706,029 |
| 27. Jul 2026 | Cheng Chi Fung | Chief Technology Officer | Sell | 2,043 | 206.56 | 422,006 |
| 27. Jul 2026 | Cheng Chi Fung | Chief Technology Officer | Sell | 1,757 | 205.15 | 360,454 |
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
View all insider transactions →Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.