Credo Technology Group Holding Ltd (CRDO)
🔔 Watch stock
Our Take
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.
–
Our editorial team's personal take at the time of the deep dive — not investment advice and not a solicitation to buy or sell.
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.
Appears in These Scanners
This stock currently matches 37 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
Basics
Performance
Valuation
Profitability
Balance Sheet & Safety
Growth
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.
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.
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 |
| Website | credosemi.com |
| IPO Date | 27. Jan 2022 |
| Next Earnings | 2. Sep 2026 |
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 | Vice President of Corporate Development | – |
| Phillip Ralph Kumin | Senior Vice President of Global Sales | 1966 |
| Diane Vanasse | Vice President of Marketing Communications | – |
| Kimberly Sullivan Cassady | Vice President of People | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 20, 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.