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Credo Technology Group Holding Ltd

NASDAQ•CRDO
CEO: Mr. William J. Brennan
Sector: Technology
Industry: Communication Equipment
Listing Date: 2022-01-27
Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP, as well as integrated circuits, active electrical cables. The company also offers intellectual property solutions consist of SerDes IP licensing. It sells its products to hyperscalers, original equipment manufacturers, original design manufacturers and optical module manufacturers, as well as into the enterprise and HPC markets. The company was founded in 2008 and is based in Grand Cayman, Cayman Islands.
Contact Information
c/o Maples Corporate Services Limited, Ugland House PO Box 309, Grand Cayman, 1-1104, Cayman Islands
408-664-9329
credosemi.com
Market Cap
$20.63B
P/E (TTM)
59.3
42
Dividend Yield
--
52W High
$213.80
52W Low
$29.09
52W Range
46%
Rank46Top 59.5%
3.5
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 3.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2020-2025

Financial Dashboard

Q3 2026 Data

Revenue

$407.01M+0.00%
4-Quarter Trend

EPS

$0.88+0.00%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Six Months Revenue Surge Six months total revenue $491.1M, up 272.1%, fueled by $352.0M product sales surge this period.
Profitability Reversal Achieved Six months net income $146.0M, successfully reversing prior period net loss of $13.8M reported last year.
Gross Margin Expansion Gross margin improved 4.7 points to 67.5% for six months, driven by product sales economies of scale.
Strong Liquidity Position Cash balance grew to $567.6M; financing provided $374.9M net cash via At-The-Market offering proceeds.

Risk Factors

Customer Revenue Concentration Substantial revenue concentration exists; Customer A drove 58% of six months revenue volume this reporting period.
Operating Expense Escalation Operating expenses rose sharply; R&D increased 77.6% to $110.4M and SG&A grew 87.4% to $81.5M.
Acquisition Estimate Revisions Hyperlume acquisition finalized for $92.0M; purchase price allocation is preliminary, requiring management judgment updates.
Forward Estimate Volatility Forward-looking statements rely on current estimates subject to material changes from macroeconomic volatility and uncertainty.

Outlook

AEC Solution Scaling Focus remains on scaling AEC solutions adoption across hyperscale data center customers for sustained future growth.
IP Revenue Recognition Expect recognition of $33.9M in remaining IP license performance obligations over the next twelve months period.
Capital Sufficiency Confirmed Existing cash and working capital sufficient to meet needs for at least the next 12 months timeframe.
Hyperlume Integration Benefits Acquisition intended to expand portfolio, realizing strategic and synergistic benefits expected from Hyperlume integration.

Peer Comparison

Revenue (TTM)

HPE stock ticker logoHPE
$34.30B
+14.1%
JBL stock ticker logoJBL
$31.11B
+13.2%
SMCI stock ticker logoSMCI
$28.06B
+34.8%

Gross Margin (Latest Quarter)

PSTG stock ticker logoPSTG
69.9%
+2.2pp
CRDO stock ticker logoCRDO
68.5%
+4.4pp
KEYS stock ticker logoKEYS
62.2%
-1.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
KEYS$53.82B56.216.5%25.8%
TER$51.01B92.019.9%8.3%
CIEN$50.04B405.94.5%27.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
33.8%
Strong Growth
4Q Net Income CAGR
62.5%
Profitability Improved
Cash Flow Stability
75%
Volatile Cash Flow

Deep Research

Next earnings:Mar 3, 2026
|
EPS:$0.78
|
Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data