Added to YB: 2026-05-08
Pitch date: 2026-05-06
CRDO [neutral]
Credo Technology Group Holding Ltd
-3.75%
current return
Author Info
No bio for this author
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
$36.6B
Pitch Price
$195.62
Price Target
N/A
Dividend
N/A
EV/EBITDA
99.42
P/E
108.78
EV/Sales
33.04
Sector
Semiconductors and Semiconductor Equipment
Category
growth
CRDO: Faster than the Model
CRDO (update): Q3 rev $407M (+152% YoY, +52% QoQ), beat $335-345M guide by 20%. Q4 guide $425-435M. Non-GAAP EPS $1.07, 68.6% gross margin (Q4 guide 64-66% on DustPhotonics integration). 4 new vectors not in consensus: $750M DustPhotonics acquisition (silicon photonics), ZeroFlap optical transceivers, Robin DSP vs MRVL/AVGO, OmniConnect gearbox. FY26 rev tracking 3x FY25's $437M. Risk: MSFT concentration, margin compression debate, AI capex cyclicality. Revision cycle accelerating, estimates lagging.
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