Credo Technology Group Holding Ltd (CRDO) Stock Price & Analysis
Credo Technology Group Holding Ltd (CRDO) closed at USD 162.77 on Thursday, October 22, 2026, down 10.70% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 182.28; the Oct 22, 2026 session ranged USD 161.26–173.83 on volume of 9,253,130 shares. Market capitalization is $30.59B, with a 52-week range of USD 86.49–308.67 (NMS). Source: Nexqual, retrieved October 23, 2026 at 08:36 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CRDO.md
Key facts (CRDO)
- Last four reported quarters (through Aug 1, 2026): revenue $1.59B, net income $538M (33.8% margin), free cash flow $439M (SEC filings).
- Valuation: P/E 56.8x (avg 152.8x at the last 2 fiscal year-ends).
- Analysts: Buy (mean 1.80 on a 1–5 scale) (20 analysts), mean target USD 279.09 (range 185–315).
- Total return with dividends: 1Y +7.8% vs S&P 500 +14.9%; 5Y +1354.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-30, EPS estimate USD 1.28, revenue estimate $532M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CRDO)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $106M | $184M | $193M | $437M | $1.34B | $1.59B |
| Gross profit | $64.0M | $106M | $119M | $283M | $908M | — |
| Operating income | -$22.0M | -$21.2M | -$37.1M | $37.1M | $445M | $505M |
| Net income | -$22.2M | -$16.5M | -$28.4M | $52.2M | $472M | $538M |
| EPS (diluted) | -$0.25 | -$0.11 | -$0.18 | $0.29 | $2.51 | — |
| Free cash flow | -$48.4M | -$46.3M | $17.1M | $29.0M | $407M | $439M |
| Gross margin | 60.1% | 57.7% | 61.9% | 64.8% | 68.0% | — |
| Operating margin | -20.6% | -11.5% | -19.2% | 8.5% | 33.3% | 31.7% |
| Net margin | -20.8% | -9.0% | -14.7% | 11.9% | 35.4% | 33.8% |
| Revenue growth | +81.4% | +73.0% | +4.8% | +126.3% | +205.7% | — |
| Cash + short-term investments | $259M | $218M | $410M | $431M | $1.44B | — |
Fiscal years end May. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Aug 1, 2026) (CRDO)
P/E 56.8x · P/S 19.2x · P/FCF 69.8x · P/B 11.2x · FCF yield 1.43% · Earnings yield 1.76%
P/E at fiscal year-ends: May 2026 94.1x, May 2025 211.6x.
Analysts (CRDO)
Consensus Buy (mean 1.80 on a 1–5 scale), 20 analysts; mean target USD 279.09 (low 185, high 315).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Rosenblatt | Maintained | Neutral | $235 |
| 2026-10-05 | Stifel | Target lowered | Buy | $350 → $310 |
| 2026-09-21 | Mizuho | Target lowered | Outperform | $290 → $245 |
| 2026-09-02 | JP Morgan | Target lowered | Overweight | $335 → $310 |
| 2026-09-02 | Evercore ISI Group | Target lowered | Outperform | $325 → $292 |
| 2026-09-02 | Rosenblatt | Target raised | Neutral | $215 → $235 |
| 2026-09-02 | B of A Securities | Target lowered | Buy | $340 → $275 |
| 2026-08-24 | Rosenblatt | Maintained | Neutral | $215 |
| 2026-08-18 | TD Cowen | Target raised | Buy | $260 → $300 |
| 2026-07-21 | Susquehanna | Target raised | Positive | $235 → $250 |
| 2026-07-20 | Barclays | Target raised | Overweight | $260 → $300 |
Total return (dividends reinvested) (CRDO)
| 1Y (from 2025-10-23) | 5Y (from 2022-01-24) | |
|---|---|---|
| Total return | +7.8% | +1354.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +7.8% | +75.8% |
| Volatility (annualized) | 95.3% | 84.5% |
| Max drawdown | -53.6% (Dec 2025→Mar 2026) | -59.0% (Feb 2023→May 2023) |
CRDO revenue by product line (quarter ended Nov 1, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Product | $261.3M | 97.5% | +278.3% |
| License | $6.7M | 2.5% | +127.6% |
| Total revenue | $268.0M | 100% | — |
CRDO revenue by region (quarter ended Aug 1, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $255.4M | 53.3% | +208.4% |
| Hong Kong | $91.2M | 19.0% | +21.8% |
| Malaysia | $74.5M | 15.5% | +1066.5% |
| Rest of World | $56.8M | 11.9% | +689.7% |
| Mainland China | $1.1M | 0.2% | -97.9% |
| Total revenue | $479.0M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
CRDO suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | TSMC (TSM) | “In fiscal year 2026, we exclusively used Taiwan Semiconductor Manufacturing Company Limited (TSMC) for semiconductor wafer production.” |
| Supplier | BizLink Technology | “•Package, Assembly and Testing: Upon the completion of processing at the foundry, we use third-party contractors for packaging, assembly and testing, including Amkor Technology Inc. (Amkor) and Advanced Semiconductor Engineering, Inc. (ASE) for packaging our IC products, King Yuan Electronics Company (KYEC) and Sigurd Microelectronics Corp. (Sigurd) for testing our IC products and BizLink Technology, Inc. (BizLink…” |
| Supplier | Amkor Technology (AMKR) | “•Package, Assembly and Testing: Upon the completion of processing at the foundry, we use third-party contractors for packaging, assembly and testing, including Amkor Technology Inc. (Amkor) and Advanced Semiconductor Engineering, Inc. (ASE) for packaging our IC products, King Yuan Electronics Company (KYEC) and Sigurd Microelectronics Corp. (Sigurd) for testing our IC products and BizLink Technology, Inc. (BizLink…” |
| Supplier | ASE Technology (ASX) | “•Package, Assembly and Testing: Upon the completion of processing at the foundry, we use third-party contractors for packaging, assembly and testing, including Amkor Technology Inc. (Amkor) and Advanced Semiconductor Engineering, Inc. (ASE) for packaging our IC products, King Yuan Electronics Company (KYEC) and Sigurd Microelectronics Corp. (Sigurd) for testing our IC products and BizLink Technology, Inc. (BizLink…” |
| Supplier | King Yuan Electronics | “•Package, Assembly and Testing: Upon the completion of processing at the foundry, we use third-party contractors for packaging, assembly and testing, including Amkor Technology Inc. (Amkor) and Advanced Semiconductor Engineering, Inc. (ASE) for packaging our IC products, King Yuan Electronics Company (KYEC) and Sigurd Microelectronics Corp. (Sigurd) for testing our IC products and BizLink Technology, Inc. (BizLink…” |
| Supplier | Sigurd Microelectronics | “•Package, Assembly and Testing: Upon the completion of processing at the foundry, we use third-party contractors for packaging, assembly and testing, including Amkor Technology Inc. (Amkor) and Advanced Semiconductor Engineering, Inc. (ASE) for packaging our IC products, King Yuan Electronics Company (KYEC) and Sigurd Microelectronics Corp. (Sigurd) for testing our IC products and BizLink Technology, Inc. (BizLink…” |
| Supplier | Marvell Technology (MRVL) | “Marvell Technology, Inc. (Marvell) and Astera Labs, Inc. (Astera), as well as various cable and optical transceiver suppliers.” |
| Supplier | Astera Labs (ALAB) | “Marvell Technology, Inc. (Marvell) and Astera Labs, Inc. (Astera), as well as various cable and optical transceiver suppliers.” |
| Customer | Amazon (AMZN) | “During fiscal year 2022, the Company issued a warrant to Amazon.com NV Investment Holdings LLC (Holder) to purchase an aggregate of up to 4.1 million of our ordinary shares at an exercise price of $10.74 per share (the Customer Warrant).” |
| Customer | NV Investment Holdings | “During fiscal year 2022, the Company issued a warrant to Amazon.com NV Investment Holdings LLC (Holder) to purchase an aggregate of up to 4.1 million of our ordinary shares at an exercise price of $10.74 per share (the Customer Warrant).” |
| Competitor | Broadcom (AVGO) | “Our principal competitors with respect to our products include Broadcom Ltd. (Broadcom),” |
Quoted from the company's 10-K filed Jun 15, 2026.
Companies that name CRDO in their SEC reports
| Relationship to CRDO | Company | Filing | Sentence |
|---|---|---|---|
| competitor | Astera Labs, Inc. (ALAB) | 10-K Feb 20, 2026 | “Our principal competitors include Broadcom, Inc., Credo Technology Group Holding Ltd., Marvell Technology, Inc., Microchip Technology Inc., Montage Technology, Parade Technologies, Ltd., and Rambus, Inc.” |
| competitor | CIENA CORP (CIEN) | 10-K Dec 12, 2025 | “In addition, as we advance our interconnects and market expansion strategy to address needs inside and around the data center, we will begin to compete with additional competitors, including Marvell Technology Group, Credo Technology Group, and Broadcom.” |
| competitor | MACOM Technology Solutions Holdings, Inc. (MTSI) | 10-K Nov 14, 2025 | “We primarily compete with Analog Devices, Inc. ("ADI"), Broadcom Inc. ("Broadcom"), Credo Technology Group Holding Ltd. ("Credo"), Marvell Technology Inc. ("Marvell"), MaxLinear Inc. ("MaxLinear"), Microchip Technology Incorporated ("Microchip"), NXP Semiconductors N.V. ("NXP"), Qorvo, Inc. ("Qorvo"), Semtech Corporation ("Semtech"), Skyworks Solutions, Inc. ("Skyworks") and Sumitomo Electric Device Innovations, I…” |
CRDO customer concentration
In the period ended Aug 1, 2026, 2 direct customers each accounted for at least 10% (43%, 28%) of revenue, per the company's 10-Q filed Sep 2, 2026. The company does not name them.
CRDO analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $1.28 | $1.25 | +2.7% | $531.9M | 18 |
| Next quarter (ends Jan 2027) | $1.61 | $1.63 | -1.5% | $643.0M | 17 |
| Current fiscal year (ends Apr 2027) | $6.31 | $6.13 | +3.0% | $2.50B | 20 |
| Next fiscal year (ends Apr 2028) | $9.71 | $9.08 | +7.0% | $3.88B | 20 |
CRDO options: expected move
Options price a move of about ±25.0% (±$40.45) by Dec 4, 2026, which includes earnings on Nov 30, 2026; the earnings reaction alone is priced at about ±9.8%. Over the last 8 reports the stock moved ±17.7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 95.4% | ±11.3% |
| Nov 6, 2026 | 14 | 91.5% | ±14.9% |
| Nov 13, 2026 | 21 | 90.2% | ±17.7% |
| Nov 20, 2026 | 28 | 85.6% | ±19.3% |
| Nov 27, 2026 | 35 | 84.9% | ±21.2% |
| Dec 4, 2026 | 42 | 91.0% | ±25.0% |
| Dec 18, 2026 | 56 | 88.1% | ±27.7% |
| Jan 15, 2027 | 84 | 84.2% | ±32.1% |
30-day implied volatility 84.9% vs 84.2% realized over the last 30 trading days. Put/call ratio (volume) 0.76. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 08:36 UTC)
| Price | USD 162.77 |
|---|---|
| Change | ▼ 10.70% (down) |
| Previous Close | USD 182.28 |
| Open | USD 173.42 |
| Day Range | USD 161.26 – 173.83 |
| 52-Week Range | USD 86.49 – 308.67 |
| Volume | 9,253,130 shares |
| Market Cap | $30.59B |
| Exchange | NMS |
Technical Analysis (CRDO)
Nexqual's technical model rates CRDO "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 08:36 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 38.83 (neutral) |
| vs SMA50 | Below (USD 199.7) |
| MACD | -7.19 (negative) |
Analyst Ratings (CRDO)
Wall Street analysts rate CRDO "Buy" based on 20 analysts, with a mean price target of USD 279.09 (range USD 185–315), per Nexqual as of October 23, 2026 at 08:36 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 20 |
| Mean Target | USD 279.09 |
| High Target | USD 315 |
| Low Target | USD 185 |
| Buy / Hold / Sell | 19 / 1 / 0 |
Earnings (CRDO)
| Next Earnings Date | 2026-11-30 |
|---|---|
| EPS Estimate | USD 1.28 |
| Revenue Estimate | $531.95M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 1.2 vs est 1.17 ▲ beat |
| 2026-04-30 | USD 1.16 vs est 1.03 ▲ beat |
| 2026-01-31 | USD 1.07 vs est 0.94 ▲ beat |
| 2025-10-31 | USD 0.67 vs est 0.5 ▲ beat |
Source: Nexqual, October 23, 2026 at 08:36 UTC.
Financials & Fundamentals (CRDO)
| Total Revenue | $1.59B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +114.70% |
| Gross Margin | +67.07% |
| Operating Margin | +25.20% |
| Profit Margin | +33.83% |
| ROE | +30.67% |
| Debt / Equity | 0.01 |
| Current Ratio | 7.4 |
| Total Cash | $764.26M |
| Total Debt | $26.20M |
| Free Cash Flow (last four quarters to Aug 2026, SEC 10-Q / 10-K) | $438.60M (27.6% of revenue) |
Source: Nexqual, October 23, 2026 at 08:36 UTC.
Financial Health Score (CRDO)
Nexqual rates Credo Technology Group Holding Ltd's overall financial health "Strong" across five dimensions, as of October 23, 2026 at 08:36 UTC.
| Growth | Strong — Revenue +206% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 67%, operating 25% (last 12 months) |
| Balance Sheet | Strong — $764M cash vs $26M debt, net cash position |
| Cash Flow | Strong — FCF $439M (last 4 quarters to Aug 2026, SEC), 28% margin |
| Efficiency | Strong — ROE 31%, ROA 16.1% |
Ownership (CRDO)
| Insider Ownership | +9.15% |
|---|---|
| Institutional Ownership | +73.76% |
| Shares Outstanding | 187.95M |
| Float | 170.89M |
| Short % of Float | +6.73% |
Source: Nexqual, October 23, 2026 at 08:36 UTC.
Leadership (CRDO)
Credo Technology Group Holding Ltd is led by William J. Brennan, President, CEO & Chairman, per Nexqual as of October 23, 2026 at 08:36 UTC.
| President, CEO & Chairman | William J. Brennan |
|---|---|
| Co-founder, CTO & Director | Chi Fung Cheng |
| Co-founder, COO & Director | Yat Tung Lam |
| Chief Financial Officer | Daniel Fleming |
| Senior Vice President of Global Sales | Phillip Ralph Kumin |
Major Backers & Investors (CRDO)
Notable institutional backers of Credo Technology Group Holding Ltd include Point72 Asset Management, L.P., Price (T.Rowe) Associates Inc, Jennison Associates LLC, according to Nexqual as of October 23, 2026 at 08:36 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Point72 Asset Management, L.P. | 3.27% |
| Price (T.Rowe) Associates Inc | 1.42% |
| Jennison Associates LLC | 1.41% |
| Srs Investment Management, Llc | 1.37% |
| Bank of America Corporation | 1.16% |
| Growth Fund of America | 1.05% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 9.45% |
| Vanguard Group | 8.33% |
| State Street | 2.25% |
| Geode Capital | 1.72% |
Source: Nexqual, October 23, 2026 at 08:36 UTC.
From Credo Technology Group Holding Ltd's Latest SEC 10-K Filing (filed 2026-06-15)
Key Strengths & Strategy (as disclosed to the SEC)
- PILOT Software Platform: Credo's proprietary PILOT software empowers network administrators to detect, diagnose, and resolve signal degradation before it impacts workloads—dramatically reducing link flaps and minimizing costly system maintenance and down-time.
- We contract with a variety of manufacturing partners to build our products based on our proprietary SerDes and DSP technologies.
- Our products and technologies address our customers' various bandwidth, power, cost, security, reliability and end-to-end signal integrity requirements.
- Our proprietary SerDes architectures have underpinned our products and IP solutions since our inception.
Partnerships
- We partnered with Oracle to develop our ZeroFlap Optics that helps address the reliability issues known as Link Flap which plague commodity options in AI data centers enabling faster AI cluster turn on and time to first revenue.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in global trade policies, including tariffs, sanctions and trade barriers may adversely affect our business, financial condition, results of operations and prospects.
- The complexity of our products could result in undetected defects; we may be subject to warranty claims and product liability, which could result in a decrease in customers and revenue, unexpected expenses and loss of market share, and our product liability insurance may not adequately cover our costs arising from product defects or otherwise.
- Changes in environmental laws or regulations, as well as sustainability initiatives, could impose substantial costs and may adversely affect our business.
- Our product or manufacturing standards could be impacted by new or revised environmental rules and regulations or other social initiatives. For example, a significant portion of our revenue comes from international sales. Environmental laws or regulations in those countries or in the countries of our end customers may increase our cost of doing business and adversely affect our business and results of operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ON | ON Semiconductor Corporation | USD 73.23 | ▼ 4.82% |
| CBRS | Cerebras Systems Inc. | USD 108.94 | ▼ 7.66% |
| MCHP | Microchip Technology Incorporat | USD 74.52 | ▼ 3.41% |
| STM | STMicroelectronics N.V. | USD 44.09 | ▼ 7.04% |
| GFS | GlobalFoundries Inc. | USD 43.37 | ▼ 9.08% |
| UMC | United Microelectronics Corpora | USD 18.53 | ▼ 6.51% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 08:36 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt