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

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

$34.30B

+14.1%

JBL

$31.11B

+13.2%

SMCI

$28.06B

+34.8%

Gross Margin (Latest Quarter)

PSTG

69.9%

+2.2pp

CRDO

68.5%

+4.4pp

KEYS

62.2%

-1.1pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
KEYS	$53.82B	56.2	16.5%	25.8%
TER	$51.01B	92.0	19.9%	8.3%
CIEN	$50.04B	405.9	4.5%	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