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Credo Technology Group Holding Ltd

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
$31.02B
P/E (TTM)
148.2
49.7
Dividend Yield
--
52W High
$213.80
52W Low
$29.09
52W Range
82%
Rank52Top 60.9%
3.3
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 3.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2024

Financial Dashboard

Q2 2026 Data

Revenue

$268.03M+272.08%
4-Quarter Trend

EPS

$0.47-1950.39%
4-Quarter Trend

FCF

$38.48M-429.91%
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)

Jabil Inc.JBL
$29.80B
+3.2%
Flex Ltd.FLEX
$26.33B
+3.5%
Nokia OyjNOK
$21.80B
+5.9%

Gross Margin (Latest Quarter)

Credo Technology Group Holding LtdCRDO
67.5%
+4.4pp
Teradyne, Inc.TER
58.4%
-0.8pp
Tyler Technologies, Inc.TYL
47.2%
+6.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
NOK$33.27B24.75.8%11.3%
TER$31.91B71.115.9%6.8%
CRDO$31.02B148.225.2%0.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
25.7%
Strong Growth
4Q Net Income CAGR
41.2%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q2 2026

    Period End: Nov 1, 2025|Filed: Dec 2, 2025|
    Revenue: $268.03M+272.1%
    |
    EPS: $0.47-1950.4%
    Miss

  • Form 10-Q - Q1 2026

    Period End: Aug 2, 2025|Filed: Sep 4, 2025|
    Revenue: $223.07M+273.6%
    |
    EPS: $0.37-740.1%
    Meet

  • Form 10-K - FY 2025

    Period End: May 3, 2025|Filed: Jul 2, 2025|
    Revenue: $436.78M+126.3%
    |
    EPS: $0.31+272.2%
    Beat

  • Form 10-Q - Q3 2025

    Period End: Feb 1, 2025|Filed: Mar 10, 2025|
    Revenue: $135.00M+154.4%
    |
    EPS: $0.17+6196.3%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Nov 2, 2024|Filed: Dec 3, 2024|
    Revenue: $72.03M+63.6%
    |
    EPS: $-0.03-42.4%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Aug 3, 2024|Filed: Sep 5, 2024|
    Revenue: $59.71M+70.2%
    |
    EPS: $-0.06-26.3%
    Miss

  • Form 10-K - FY 2024

    Period End: Apr 27, 2024|Filed: Jun 24, 2024|
    Revenue: $192.97M+4.8%
    |
    EPS: $-0.18-63.6%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Jan 27, 2024|Filed: Feb 28, 2024|
    Revenue: $53.06M-2.2%
    |
    EPS: $0.00-85.9%
    Miss