CRDO
Credo Technology Group Holding Ltd
CRDO
192.56USD
+2.82%
Sep 23, 2026
Price
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Price Action
Price structure is giving way
Longer-term context reads extended trend, with a near-term setup of constructive pullback.
EntryDamaged / breakdown
The technical structure itself is broken across timeframes — the weakest entry profile.
Key Financials
- Market Cap
- $36.2B
- Avg Volume (60D)
- 6.8M
- Revenue Growth YoY
- +205.7%
- Gross Margin
- +67.1%
- Operating Margin
- +31.7%
- Free Cash Flow Yield
- +1.2%
- Distance from 200DMA
- +9.5%
- Next Earnings
- 2026-11-30
- P/E
- 67.2x
60 sessions
FY2026 vs FY2025
Trailing twelve months
Trailing twelve months
Market metrics as of Sep 22, 2026
Financial results for the period ended Aug 1, 2026
Filed balance-sheet data as of Aug 1, 2026
Fundamentals & Valuation
The available comparisons disagreed; the peers comparison is the more reliable method for this business and the others are published as dissent.
Credo Technology Group Holding Ltd has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces. It trades at a 1.2% free-cash-flow yield, which requires sustained delivery to be justified.
Company Research
Thesis
Credo supplies high-speed connectivity semiconductors and system products for AI data infrastructure, including active electrical cables, optical DSP/transceiver technology, retimers, PCIe connectivity and SerDes IP. Its value proposition is moving large volumes of data reliably and with lower power across increasingly dense AI clusters.
Opportunity
High opportunity
High-bandwidth, power-efficient electrical and optical connectivity required to scale accelerator clusters, including rack-level, scale-out and inter-data-center AI fabrics.
Key risk
Exposure to semiconductor industry cyclicality.
Narrative & Theme
AI Compute Infrastructure Buildout
Part of AI Fabric Networking and Optical Interconnect, with strong fit.
CRDO is a direct picks-and-shovels beneficiary of the AI-cluster networking buildout rather than a generic AI-adjacent semiconductor name.
Narrative HeatHot9.5 / 10
Theme HeatHot9.1 / 10
Business & Markets
Technology · Semiconductors
What they do
Credo Technology Group Holding Ltd designs and supplies high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications, operating internationally across the US, Taiwan, Mainland China, and Hong Kong.
How it earns
The company generates revenue primarily through transactional sales of semiconductor products and IP licensing.
Products & services
ZeroFlap (ZF) active electrical cables
ZF optical transceivers
OmniConnect memory solutions
Retimers and DSPs for optical and copper Ethernet and PCIe
Integrated circuits
SerDes IP licensing
Customers & end markets
Data center and networking equipment manufacturers
Telecommunications companies
Enterprise technology providers
Market position
Mid-cap pure-play supplier specializing in high-speed connectivity semiconductors and related IP.
Demand drivers
Medium cyclicality
Demand is linked to capital expenditure cycles in data centers and networking infrastructure which can be variable.