Added to YB: 2026-09-04
Pitch date: 2026-09-02
CRDO [bullish]
Credo Technology Group Holding Ltd
-2.57%
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 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
Credo Technology $CRDO: Q1 2027 Earnings Review
CRDO (earnings): Credo’s thesis remains intact after record Q1 revenue of $479M, up 115% year over year, and non-GAAP EPS of $1.20. Q2 revenue guidance of $525M-$535M topped consensus, while FY27 growth guidance rose from above 80% to above 85%. Non-GAAP gross margin held at 68% despite acquisition-related GAAP compression. The shares fell to $185, implying a 20.2x forward FY28 multiple, though 84% customer concentration and a back-end-loaded outlook remain risks.
Read full article (7 min)