Credo Technology Group Holding Ltd
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
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.
Why this colour
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.
What the thesis turns on
Assessment: Opportunities & Risks
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.
Growth
Revenue tripled in fiscal year 2026 (up 205.7 percent to $1.34 billion); eight record quarters in a row.
Profitability
A 35.4 percent net margin and a 68 percent gross margin — but the profit era is only two years old.
Balance sheet
$1.44 billion in cash and investments, practically debt-free, a Piotroski score of 7 of 9.
Customer cluster
Top 10 customers ≈ 90 percent, three end customers = 84 percent of revenue; in 2023 a single customer nearly stopped growth once before.
Valuation
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.
Momentum
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.
Worth Noting
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).
Stock Watch
This analysis is as of August 4, 2026. Stock Watch will tell you what's changed at CRDO since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 87.80 $ to 302.50 $ · Last price: 168.30 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/17/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
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.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Semiconductors
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd CRDO | 31.3 | 64.2 | 49.5 | 67.1 | 35.7 | 205.7 | -1.8 |
| NVIDIA Corporation NVDA | 5,540.3 | 30.4 | 22.4 | 74.7 | 65.6 | 65.5 | 29.1 |
| Broadcom Inc AVGO | 1,652.3 | 55.2 | 33.7 | 75.5 | 49.0 | 23.9 | 1.1 |
| Micron Technology Inc MU | 1,269.8 | 20.7 | 15.8 | 72.6 | 80.4 | 48.9 | 512.0 |
| Advanced Micro Devices Inc AMD | 943.2 | 177.7 | 77.8 | 55.7 | 14.4 | 34.3 | 242.5 |
| Intel Corporation INTC | 546.8 | – | 145.4 | 38.9 | 6.9 | -0.5 | 337.0 |
| Arm Holdings plc ARM | 282.9 | 267.6 | 221.2 | 97.5 | 7.6 | 22.8 | 58.6 |
| Texas Instruments Incorporated TXN | 234.9 | 39.7 | 26.1 | 58.3 | 37.8 | 13.1 | 46.9 |
| Marvell Technology Group Ltd MRVL | 232.5 | 79.7 | 45.0 | 52.2 | 14.5 | 42.1 | 239.9 |
| Median of companies shown | 546.8 | 59.7 | 45.0 | 67.1 | 35.7 | 34.3 | 58.6 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
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.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($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 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
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
| 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 |
| 2026: Q3 | 0.67 | 97.10 | 479 | 114.70 | 27.00 | 90 | 83 |
What Do These Terms Mean?
- 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.
Screening
Appears in These Scanners
This stock currently matches 38 of our scanner strategies — each hit links to the scanner.
Backtested Scanners
Growth
- Ben Bennett: Focus List
- EPS & Revenue Power
- Growth Gems
- High Revenue Growth
- Matt Caruso: Sales Leader
- Patrick Walker: 30% EPS Growth
- Patrick Walker: 40, 40 Screen
- Quality Growth
- Ted Zhang: Super Stock Universe
- Triple-Digit Revenue Growth
Quality & Balance Sheet
- Buffett Criteria (Buffettology)
- Fundamental Rank (A / A+)
- Institutional Accumulation
- Levermann
- Mike Webster: Recession Proof
- Pros 80%
Aktien.Guide
Breakout & Setup
Momentum & Trend
- 21-EMA Trend
- Above the 50- & 200-SMA
- Ameet Rai: Daily Liquidity
- CANSLIM Type RS
- High ADR (≥5%)
- Mark Minervini: Trend Criteria — 1 Month
- Mike Webster: Swing Trading List
- Oliver Kell: Strength on Down Day
- RS Leader (≥90)
- Richard Moglen: Top Performers 3/6 Month
- Stage 2 Leader
- Stan Weinstein: Checklist
- Stan Weinstein: Stage 2
- Strength on Stress Days
Research
Risk & Weakness
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
Outlook
Analysts & Price Target
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.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 04/30/2027 | 6.31 | 5.98 – 6.64 | 2,502 | 82.2% | 19 |
| 04/30/2028 | 9.70 | 8.69 – 11.31 | 3,876 | 53.9% | 19 |
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.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
Today’s market value implies roughly 25.1% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).
| Free cash flow (last twelve months) | $438.6M |
|---|---|
| Market cap | $31.30B |
| Free cash flow in year ten | $4.13B |
| Terminal value as a share of market value | 69.5% |
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Credos 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.
10-K · 2026-06-15 · View SEC filing
„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.
10-K · 2026-06-15 · View SEC filing
„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.
10-K · 2026-06-15 · View SEC filing
„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.
10-K · 2025-07-02 · View SEC filing
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
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 93.5%
- More than 10% revenue growth is expected for the coming year 49.0%
- Share count grows by less than 3% a year 8.7%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 236.2%
- Gross margin at 40% or higher and without meaningful erosion 68.0%
- Goodwill from acquisitions does not grow faster than revenue 4.0%
- Net debt below twice EBITDA 1,418 m net cash
- Operating cash flow covers the profits of the last three years 66 m
- Return on capital at 15% or higher, or up versus two years ago 21.2%
- Insiders hold at least 10% or are net buyers 10.9%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
8/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 70.8%
- Exp. sales growth 3Y > 5% 70.4%
- EBIT growth 10Y > 5% 144.8%
- Exp. EBIT growth 3Y > 5% 96.7%
- Net debt < 4x EBIT -3.2x
- EBIT positive, 10Y straight 3
- Max. EBIT decline < 50% 100.0%
- Return on equity > 15% 24.3%
- ROCE > 15% 21.2%
- Expected return > 10% 99.2%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
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.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 14, 2026 | Brennan William Joseph | Pres & Chief Executive Officer | Sell | 3,000 | 153.39 | 460,168 |
| Sep 14, 2026 | Brennan William Joseph | Pres & Chief Executive Officer | Sell | 5,013 | 152.49 | 764,439 |
| Sep 14, 2026 | Brennan William Joseph | Pres & Chief Executive Officer | Sell | 4,675 | 151.54 | 708,428 |
| Sep 14, 2026 | Brennan William Joseph | Pres & Chief Executive Officer | Sell | 3,984 | 150.39 | 599,173 |
| Sep 11, 2026 | Cheng Chi Fung | Chief Technology Officer | Sell | 4,403 | 163.88 | 721,562 |
| Sep 11, 2026 | Cheng Chi Fung | Chief Technology Officer | Sell | 9,585 | 163.06 | 1,562,906 |
| Sep 11, 2026 | Cheng Chi Fung | Chief Technology Officer | Sell | 12,912 | 162.18 | 2,094,124 |
| Sep 11, 2026 | Cheng Chi Fung | Chief Technology Officer | Sell | 600 | 160.99 | 96,593 |
| Sep 4, 2026 | Cheng Chi Fung | Chief Technology Officer | Sell | 3,790 | 170.00 | 644,300 |
| Aug 19, 2026 | Laufman James | Chief Legal Officer, Secretary | Other | 7,379 | 245.97 | 1,815,013 |
The company
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
- 01/27/2022
- 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.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 09/01/2026 Credo Technology Group Holding Ltd (CRDO): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 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.