Added to YB: 2026-09-04
Pitch date: 2026-09-02
CRDO [bullish]
Credo Technology Group Holding Ltd
-2.57%
current return
Author Info
Anni Sen is the Managing Partner of BluBird Capital, a boutique financial advisory firm specializing in high-conviction investing ideas. Sign up for the newsletter.
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 other international markets.
Market Cap
$38.5B
Pitch Price
$168.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
68.96
P/E
72.97
EV/Sales
23.75
Sector
Semiconductors and Semiconductor Equipment
Category
growth
The Memory Optimization Play Nobody's Talking About - Credo Technology Group Holding Ltd.
CRDO: Credo’s Q1 FY2027 beat estimates, with revenue up 115% year over year to $479M, non-GAAP EPS of $1.20 and a 49.3% non-GAAP net margin; FY2027 guidance calls for 85%+ growth and $600M+ of optical revenue. The longer-term case is a four-pillar connectivity platform, including OmniConnect memory gearboxes and ALCs entering production in FY2028, while 84% revenue concentration among four customers remains the material risk.
Read full article (6 min)