Reading the tape
NASDAQ: CRDO
Credo Technology Group Holding Ltd
Technology · Communication Equipment
Market Cap
$36.58B
52w High
$213.80
52w Low
$45.65
P/E
103.02
Volume
3.69M
Outstanding Shares
184.45M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 296.51%Revenue (TTM): 226.12%P/S: 88th pct
What changed
The stock rose 296.51% over the last year. Revenue grew 226.12% over the trailing twelve months. Operating margin moved from -1.39% to 30.23%.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/S range (88th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 30.23% — continued expansion would be needed to justify the premium. Revenue growth of 226.12% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally.
CEOWilliam J. Brennan
SectorTechnology
IndustryCommunication Equipment
Employees500
IPO dateJan 27, 2022
Valuation
Forward P/E—
EV/EBITDA116.64
Enterprise value$6.99B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth201.49%
Gross margin67.83%▲4.66%vs FY2024
Operating margin30.23%▲144.26%vs FY2024
ROE7.66%▲245.79%vs FY2024
Analyst consensus
RatingBuy
Target price$217.10▲9.46%
11
Buy
2
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jun 1, 2026
Q2 FY26 · EPS est $1.03 · Revenue est $431.79M
View
Congressional Activity
Congress Trades in CRDO
STOCK Act disclosures from senators and representatives.
Markwayne Mullin
OKsenateRepublicanSale (Full)Spouse2025-12-18$15,001 - $50,000+25d to discloseMarkwayne Mullin
OKsenateRepublicanSale (Full)Self2025-12-18$15,001 - $50,000+25d to disclose