Credo Technology Group Holding Ltd

Credo Technology Group Holding Ltd

CRDO

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Market Cap$43.54B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Credo Technology Group Holding LtdCredo Technology Group Holding Ltd126.6-18%43.5-

Earnings Call Q4 2026

June 1, 2026 - AI Summary

Record growth + margin expansion (good) - FY26 revenue: $1.3B, +206% YoY (more than tripled). - FY26 non-GAAP net income: $662M, >5x YoY. - FY26 non-GAAP gross margin: 68.1% (+310 bps YoY). - Q4 FY26 revenue: $437M, a record and exceeded all of FY25 revenue. - Q4 non-GAAP gross margin: 68.3%; Q4 non-GAAP net income: $227M (+30% vs revenue in-year-ago quarter; >3x YoY).
Core thesis: AI datacenter scaling is shifting constraints from compute to connectivity reliability (opportunity) - Management argues AI clusters moving from tens of thousands to hundreds of thousands of GPUs make network reliability, power efficiency, signal integrity, and telemetry decisive. - Credo positions itself as a “system-level reliability” provider across copper and optics, with differentiation via vertically integrated stack: silicon + firmware/telemetry software + system execution.
Optics is expected to be the key FY27 inflection (forecast) - FY27 optical portfolio forecast: three legs each expected to contribute >$100M revenue; total optics >$600M. - Optical DSPs (> $100M) - Silicon photonics PICs (> $100M) - ZeroFlap optics platform (> $100M) - FY27 optics ramp acceleration: expected to be stronger in the second half. - Initial CPO/NPO expectation: from customer engagements, early revenue for CPO/NPO designs expected in FY28 (Dust Photonics enables roadmap via silicon photonics PIC technology).

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$198.71

Target Price by Analysts

8.6% downsideCredo Technology Group Holding Target Price DetailsTarget Price
$-28.56

Current Fair Value

113.1% downside

Overvalued by 113.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$43.54 Billion
Enterprise Value$42.33 Billion
Dividend Yield$- (-)
Earnings per Share$0.31
Beta3.18
Outstanding Shares182,222,000

Return

Return on Equity18.38%ROE
Return on Assets16.68%
Return on Invested Capital18.23%

Valuation & Multiples

P/E Ratio126.59P/E Ratio
PEG29.09PEG
Price to Sales43.5Price to Sales
Price to Book Ratio21.75Price to Book Ratio
Enterprise Value to Revenue39.63
Enterprise Value to EBIT124.04
Enterprise Value to Net Income124
Total Debt to Enterprise0
Debt to Equity0.01Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
June 1, 2026
EPS Estimate
$1.02
Average shareholder expectation
Revenue Estimate
$431.79 M
Average shareholder expectation

Next Earnings Call

Expected Date
September 2, 2026
EPS Estimate
$1.16
Average shareholder expectation
Revenue Estimate
$470.41 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio2.0651 90.59%
Total Calls5,564,608 33.11%
Total Puts11,491,600 137.14%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %77.29% 2.50%
Total Invested$12.92B 35.19%
Investors Holding755 35.00%

ESG Score

No data

About Credo Technology Group Holding Ltd

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical expertise for all tax legislation. Its analysis and reports directly influence corporate tax structures, capital investment credits, and the overall tax burden on a company like Credo, providing members with non-public insights into future fiscal policy impacts.

Finance

This powerful committee controls taxation and trade policy. Decisions on corporate tax rates, R&D credits, and trade tariffs (especially on semiconductor components) directly impact Credo's profitability, capital investment decisions, and global supply chain costs.

Appropriations

This committee directly allocates discretionary federal spending. Its subcommittees determine the precise funding for defense programs, scientific research, and infrastructure projects that would be customers or beneficiaries of Credo's technology, providing direct insight into future revenue streams.

Judiciary

This committee oversees antitrust laws and intellectual property, both critical for a technology company. Decisions on antitrust enforcement against major customers or competitors, and the protection of intellectual property (e.g., SerDes IP patents), directly impact CRDO's market position, competitive landscape, and valuation.

Armed Services

Credo's high-speed connectivity and semiconductor technology are crucial for modern defense systems, military communications, and data processing within the Department of Defense. This committee authorizes the annual NDAA, directly influencing funding for technologies that CRDO supplies or develops, providing members with non-public information on defense priorities.

Select Committee on Intelligence

Credo's high-speed data infrastructure and semiconductor technology are critical components of national security, intelligence, and cybersecurity systems. Members receive classified briefings on global threats and technological vulnerabilities, creating significant informational asymmetry regarding market demand and strategic importance for CRDO's products.

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce, telecommunications (FCC), and technology (FTC, 'Big Tech' oversight). Credo's high-speed connectivity solutions are fundamental to data centers and network infrastructure, making it highly susceptible to regulations concerning privacy, net neutrality, and general tech industry oversight.

Foreign Relations

Credo operates in the global semiconductor industry, which is highly susceptible to international trade policies, export controls (e.g., US-China tech tensions), and sanctions legislation. Committee members would possess non-public information on geopolitical strategies that directly impact CRDO's supply chain, sales, and market access.

Homeland Security and Governmental Affairs

As a provider of high-speed connectivity solutions for data centers and enterprise networks, Credo's technology is critical infrastructure. This committee's oversight of government procurement, cybersecurity standards, and the integration of AI (which relies on high-speed data) directly impacts potential federal contracts and regulatory frameworks for CRDO's core business.