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Credo Technology Group Holding Ltd logo

Credo Technology Group Holding Ltd

CRDO

NASDAQTechnologySemiconductors

Open in GoAI

Previous close

$230.57

−$0.78 · -0.34%

Aug 21, 4:00 PM ET

Pre-market

$222.99

−$7.58 · -3.29%

Aug 24, 4:06 AM ET

CRDO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

86

Deep Value

Momentum

59

Neutral

Sentiment

48

Mixed

Risk resilience

36

High Risk

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Company profile

Company website

Credo Technology Group Holding Ltd (CRDO) specializes in delivering advanced high-speed connectivity solutions for both optical and electrical Ethernet applications. Its operational reach extends globally, encompassing the United States, Mexico, Mainland China, Hong Kong, and various other international regions. The company's product offerings include integrated circuits (ICs), active electrical cables (AECs), and SerDes chiplets, all developed utilizing its proprietary serializer/deserializer (SerDes) and digital signal processor (DSP) technologies. Beyond hardware, Credo also provides intellectual property (IP) solutions, particularly focusing on SerDes IP licensing. Established in 2008, the firm's corporate headquarters are situated in San Jose, California.

Industry
Semiconductors
Sector
Technology
Headquarters
KY
CEO
William J. Brennan
Listed since
Jan 27, 2022
Employees
807

Market position

Day range

Current $230.57

52-week range

Current $230.57

Open
$233.05
Previous close
$231.35
Volume
2.71M
0.37× average
Average volume
7.42M
Average daily volume
Market cap
43B USD
Beta
3.23
Market reference 1
50-day average
$241.53
-4.54% below average
200-day average
$172.87
+33.38% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
31.78B USD
P/E (TTM)
88×
P/B (TTM)
20.63×
P/S (TTM)
32.2×
EV / EBITDA
62.25×
Earnings yield
1.43%
Free cash flow yield
1.24%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
68.04%
Operating margin
33.33%
Net margin
35.37%
Return on equity
22.89%
Return on assets
20.57%
Return on invested capital
21.02%

Financial health

Debt / equity
0.01×
Current ratio
10.15×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends77%41%6%-30%Gross margin, FY2022: 60.12%Gross margin, FY2023: 57.65%Gross margin, FY2024: 61.89%Gross margin, FY2025: 64.77%Gross margin, FY2026: 68.04%Operating margin, FY2022: -20.63%Operating margin, FY2023: -11.53%Operating margin, FY2024: -19.20%Operating margin, FY2025: 8.70%Operating margin, FY2026: 33.33%Net margin, FY2022: -20.83%Net margin, FY2023: -8.98%Net margin, FY2024: -14.70%Net margin, FY2025: 11.95%Net margin, FY2026: 35.37%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 60.12%. Gross margin FY2023 57.65%. Gross margin FY2024 61.89%. Gross margin FY2025 64.77%. Gross margin FY2026 68.04%. Operating margin FY2022 -20.63%. Operating margin FY2023 -11.53%. Operating margin FY2024 -19.20%. Operating margin FY2025 8.70%. Operating margin FY2026 33.33%. Net margin FY2022 -20.83%. Net margin FY2023 -8.98%. Net margin FY2024 -14.70%. Net margin FY2025 11.95%. Net margin FY2026 35.37%.

Income trends

Revenue

1.34B USD+205.68%

Operating income

445.01M USD+1071.16%

Net income

472.28M USD+805.04%
Income trends across reported periods1.47B USD923.46M USD374.59M USD−174.28M USDRevenue, FY2022: 106.48M USDRevenue, FY2023: 184.19M USDRevenue, FY2024: 192.97M USDRevenue, FY2025: 436.78M USDRevenue, FY2026: 1.34B USDOperating income, FY2022: −21.97M USDOperating income, FY2023: −21.24M USDOperating income, FY2024: −37.06M USDOperating income, FY2025: 38M USDOperating income, FY2026: 445.01M USDNet income, FY2022: −22.18M USDNet income, FY2023: −16.55M USDNet income, FY2024: −28.37M USDNet income, FY2025: 52.18M USDNet income, FY2026: 472.28M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 106.48M USD. Revenue FY2023 184.19M USD. Revenue FY2024 192.97M USD. Revenue FY2025 436.78M USD. Revenue FY2026 1.34B USD. Operating income FY2022 −21.97M USD. Operating income FY2023 −21.24M USD. Operating income FY2024 −37.06M USD. Operating income FY2025 38M USD. Operating income FY2026 445.01M USD. Net income FY2022 −22.18M USD. Net income FY2023 −16.55M USD. Net income FY2024 −28.37M USD. Net income FY2025 52.18M USD. Net income FY2026 472.28M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue1.34B USD436.78M USD192.97M USD184.19M USD106.48M USD
Cost of goods sold426.77M USD153.87M USD73.54M USD78M USD42.46M USD
Gross profit908.35M USD282.91M USD119.43M USD106.19M USD64.02M USD
Research and development279.38M USD145.99M USD95.53M USD76.77M USD47.95M USD
Selling, general, and administrative183.96M USD98.92M USD60.19M USD48.25M USD34.9M USD
Operating expenses463.34M USD244.91M USD156.49M USD127.43M USD85.98M USD
Depreciation and amortization35.04M USD21.94M USD13.77M USD9.51M USD4.79M USD
Operating income445.01M USD38M USD−37.06M USD−21.24M USD−21.97M USD
Net income472.28M USD52.18M USD−28.37M USD−16.55M USD−22.18M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+71.87%
11 comparable reports
Latest EPS result
1.16
Estimate 1.02 · Beat by 13.73%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.260.850.450.04Q4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 2, 2024: actual 0.07, estimate 0.05, surprise +40.00%, Beat. Q1 2025, reported Mar 4, 2025: actual 0.25, estimate 0.18, surprise +38.89%, Beat. Q2 2025, reported Jun 2, 2025: actual 0.35, estimate 0.274, surprise +27.83%, Beat. Q3 2025, reported Sep 3, 2025: actual 0.52, estimate 0.361, surprise +43.92%, Beat. Q4 2025, reported Dec 1, 2025: actual 0.67, estimate 0.492, surprise +36.23%, Beat. Q1 2026, reported Mar 2, 2026: actual 1.07, estimate 0.912, surprise +17.32%, Beat. Q2 2026, reported Jun 1, 2026: actual 1.16, estimate 1.02, surprise +13.73%, Beat. Q3 2026, reported Sep 1, 2026: actual —, estimate 1.17, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates504.46M355.24M206.01M56.79MQ4 '24BeatQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 2, 2024: actual 72.03M USD, estimate 66.81M USD, surprise +7.82%, Beat. Q1 2025, reported Mar 4, 2025: actual 135M USD, estimate 136.3M USD, surprise -0.95%, Miss. Q2 2025, reported Jun 2, 2025: actual 170.03M USD, estimate 159.59M USD, surprise +6.54%, Beat. Q3 2025, reported Sep 3, 2025: actual 223.07M USD, estimate 190.63M USD, surprise +17.02%, Beat. Q4 2025, reported Dec 1, 2025: actual 268.03M USD, estimate 234.99M USD, surprise +14.06%, Beat. Q1 2026, reported Mar 2, 2026: actual 407.01M USD, estimate 406.17M USD, surprise +0.21%, Beat. Q2 2026, reported Jun 1, 2026: actual 437M USD, estimate 431.8M USD, surprise +1.21%, Beat. Q3 2026, reported Sep 1, 2026: actual —, estimate 472.04M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$274.18

18.91% upside
Past 12 months12-month forecastHigh $350Average $274.18Low $200

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ETFs holding CRDO

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
1.09B
Weight
0.05%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Semiconductor ETF logoiShares Semiconductor ETFSOXX
Market value
880.24M
Weight
2.10%
AUM
41.76B USD
Expense ratio
0.33%
Price / 1D
$520.05-0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
789.79M
Weight
0.43%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
456.88M
Weight
1.02%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
386.97M
Weight
0.40%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Vanguard Information Technology ETF logoVanguard Information Technology ETFVGT
Market value
320.21M
Weight
0.20%
AUM
160.2B USD
Expense ratio
0.09%
Price / 1D
$118.42+0.05%
iShares A.I. Innovation and Tech Active ETF logoiShares A.I. Innovation and Tech Active ETFBAI
Market value
306.02M
Weight
2.19%
AUM
13.91B USD
Expense ratio
0.65%
Price / 1D
$44.30-0.47%
Direxion Daily Semiconductor Bull 3X ETF logoDirexion Daily Semiconductor Bull 3X ETFSOXL
Market value
296.25M
Weight
1.46%
AUM
20.27B USD
Expense ratio
0.91%
Price / 1D
$120.6-1.32%

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