Added to YB: 2025-09-08
Pitch date: 2025-09-04
CRDO [neutral]
Credo Technology Group Holding Ltd
+4.36%
current return
Author Info
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Company Info
Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.
Market Cap
$28.5B
Pitch Price
$137.90
Price Target
450.00 (+213%)
Dividend
N/A
EV/EBITDA
120.82
P/E
142.12
EV/Sales
34.84
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Credo's 1QFY26: Moment Accelerates
CRDO (earnings update): Transforming from cable supplier to AI connectivity intelligence layer via Pilot software platform. Customer concentration evolution (61% to 35%/33%/20%) shows network effects, not diversification. 31% revenue growth ($170M to $223M) with 5% OpEx growth signals platform economics. 67.6% gross margins, 44.1% net margins. Protocol-agnostic positioning for 200G transition. Target $375-450 if platform succeeds.
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