(CRDO) Credo Technology Holding - Overview

Sector: Technology | Industry: Semiconductors | Exchange: NASDAQ (USA) | Market Cap: 31.757m USD | Total Return: 219.9% in 12m

Active Electrical Cables, Digital Signal Processors, SerDes IP, Retimers
Total Rating 58
Safety 37
Buy Signal 0.13
Semiconductors
Industry Rotation: +7.3
Market Cap: 31.8B
Avg Turnover: 1.20B
Risk 3d forecast
Volatility94.6%
VaR 5th Pctl15.7%
VaR vs Median0.72%
Reward TTM
Sharpe Ratio1.75
Rel. Str. IBD94.8
Rel. Str. Peer Group49.2
Character TTM
Beta4.000
Beta Downside2.852
Hurst Exponent0.583
Drawdowns 3y
Max DD61.05%
CAGR/Max DD2.54
CAGR/Mean DD10.02
EPS (Earnings per Share) EPS (Earnings per Share) of CRDO over the last years for every Quarter: "2021-04": null, "2021-07": -0.2, "2021-10": -0.09, "2022-01": 0.03, "2022-04": 0.02, "2022-07": 0.03, "2022-10": 0.02, "2023-01": 0.05, "2023-04": -0.04, "2023-07": -0.03, "2023-10": 0.01, "2024-01": 0.04, "2024-04": 0.07, "2024-07": 0.04, "2024-10": 0.07, "2025-01": 0.25, "2025-04": 0.35, "2025-07": 0.52, "2025-10": 0.67, "2026-01": 1.07,
Last SUE: 1.94
Qual. Beats: 6
Revenue Revenue of CRDO over the last years for every Quarter: 2021-04: 19.75, 2021-07: 10.724, 2021-10: 26.427, 2022-01: 31.8, 2022-04: 37.526, 2022-07: 46.467, 2022-10: 51.369, 2023-01: 54.27, 2023-04: 32.088, 2023-07: 35.095, 2023-10: 44.035, 2024-01: 53.058, 2024-04: 60.782, 2024-07: 59.714, 2024-10: 72.034, 2025-01: 135.002, 2025-04: 170.025, 2025-07: 223.074, 2025-10: 268.027, 2026-01: 407.012,
Rev. CAGR: 97.60%
Rev. Trend: 93.1%
Last SUE: 1.42
Qual. Beats: 6

Warnings

P/E ratio 94.1

Beneish M-Score -0.98 > -1.5 - likely earnings manipulation

Choppy

Tailwinds

Tailwind, Pullback 52w

Description: CRDO Credo Technology Holding

Credo Technology Group Holding Ltd (CRDO) designs and provides high-speed connectivity solutions focused on optical and electrical Ethernet and PCIe applications. Its product portfolio includes active electrical cables (AEC), digital signal processors (DSP), SerDes chiplets, and integrated circuits. The company operates a diversified business model that combines hardware sales with intellectual property (IP) licensing, serving hyperscale data centers, high-performance computing (HPC) markets, and optical module manufacturers.

The company operates within the semiconductor sector, where the transition to 400G and 800G network speeds drives demand for low-power, high-bandwidth interconnects. Credos focus on SerDes technology is critical for maintaining signal integrity as data transfer rates increase across cloud infrastructure. You may find further insights into these technical market drivers by exploring the data on ValueRay.

Founded in 2008 and headquartered in the Cayman Islands, Credo maintains a global footprint with significant operations in the United States, Taiwan, and Mainland China. Its customer base includes original equipment manufacturers (OEMs) and original design manufacturers (ODMs) integral to the global enterprise networking supply chain.

Headlines to Watch Out For
  • Hyperscale data center adoption of 800G AEC solutions drives revenue growth
  • Expansion of SerDes IP licensing increases high-margin recurring income streams
  • AI infrastructure demand accelerates deployment of high-speed optical DSP products
  • Customer concentration among top-tier cloud providers creates significant revenue volatility risk
  • Transition to PCIe Gen 6 and Gen 7 architectures fuels chiplet demand
Piotroski VR‑10 (Strict) 5.5
Net Income: 339.8m TTM > 0 and > 6% of Revenue
FCF/TA: 0.14 > 0.02 and ΔFCF/TA 17.28 > 1.0
NWC/Revenue: 151.8% < 20% (prev 164.4%; Δ -12.59% < -1%)
CFO/TA 0.17 > 3% & CFO 339.9m > Net Income 339.8m
Net Debt (-1.28b) to EBITDA (349.8m): -3.66 < 3
Current Ratio: 10.82 > 1.5 & < 3
Outstanding Shares: last quarter (186.6m) vs 12m ago 2.27% < -2%
Gross Margin: 67.83% > 18% (prev 0.64%; Δ 6.72k% > 0.5%)
Asset Turnover: 77.48% > 50% (prev 45.50%; Δ 31.98% > 0%)
Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM)
Altman Z'' 7.70
A: 0.80 (Total Current Assets 1.79b - Total Current Liabilities 165.2m) / Total Assets 2.04b
B: 0.11 (Retained Earnings 220.0m / Total Assets 2.04b)
C: 0.13 (EBIT TTM 183.0m / Avg Total Assets 1.38b)
D: 1.18 (Book Value of Equity 222.1m / Total Liabilities 188.5m)
Altman-Z'' = 7.70 = AAA
Beneish M -0.98
DSRI: 0.44 (Receivables 243.2m/170.7m, Revenue 1.07b/327.5m)
GMI: 0.94 (GM 67.83% / 63.71%)
AQI: 2.59 (AQ_t 0.06 / AQ_t-1 0.02)
SGI: 3.26 (Revenue 1.07b / 327.5m)
TATA: -0.00 (NI 339.8m - CFO 339.9m) / TA 2.04b)
Beneish M = -0.98 (Cap -4..+1) = D
What is the price of CRDO shares? As of May 22, 2026, the stock is trading at USD 193.39 with a total of 6,750,324 shares traded.
Over the past week, the price has changed by +4.80%, over one month by +5.49%, over three months by +55.90% and over the past year by +219.92%.
Is CRDO a buy, sell or hold? Credo Technology Holding has received a consensus analysts rating of 4.62. Therefore, it is recommended to buy CRDO.
  • StrongBuy: 9
  • Buy: 3
  • Hold: 1
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the CRDO price?
Analysts Target Price 209.1 8.1%
Credo Technology Holding (CRDO) - Fundamental Data Overview as of 18 May 2026
P/E Trailing = 94.082
P/E Forward = 38.4615
P/S = 29.7309
P/B = 18.8058
Revenue TTM = 1.07b USD
EBIT TTM = 183.0m USD
EBITDA TTM = 349.8m USD
Long Term Debt = 16.3m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 3.34m USD (from shortTermDebt, last fiscal year)
Debt = 19.6m USD (corrected: LT Debt 16.3m + ST Debt 3.34m)
Net Debt = -1.28b USD (recalculated: Debt 19.6m - CCE 1.30b)
Enterprise Value = 30.47b USD (31.76b + Debt 19.6m - CCE 1.30b)
 Interest Coverage Ratio = unknown (Ebit TTM 183.0m / Interest Expense TTM 0.0)
 EV/FCF = 107.4x (Enterprise Value 30.47b / FCF TTM 283.7m)
FCF Yield = 0.93% (FCF TTM 283.7m / Enterprise Value 30.47b)
FCF Margin = 26.56% (FCF TTM 283.7m / Revenue TTM 1.07b)
Net Margin = 31.81% (Net Income TTM 339.8m / Revenue TTM 1.07b)
Gross Margin = 67.83% ((Revenue TTM 1.07b - Cost of Revenue TTM 343.7m) / Revenue TTM)
Gross Margin QoQ = 68.52% (prev 67.55%)
Tobins Q-Ratio = 14.96 (Enterprise Value 30.47b / Total Assets 2.04b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 19.6m)
Taxrate = 1.22% (1.94m / 159.1m)
NOPAT = 180.8m (EBIT 183.0m * (1 - 1.22%))
Current Ratio = 10.82 (Total Current Assets 1.79b / Total Current Liabilities 165.2m)
Debt / Equity = 0.01 (Debt 19.6m / totalStockholderEquity, last quarter 1.85b)
Debt / EBITDA = -3.66 (Net Debt -1.28b / EBITDA 349.8m)
Debt / FCF = -4.52 (Net Debt -1.28b / FCF TTM 283.7m)
Total Stockholder Equity = 1.15b (last 4 quarters mean from totalStockholderEquity)
RoA = 24.65% (Net Income 339.8m / Total Assets 2.04b)
RoE = 29.56% (Net Income TTM 339.8m / Total Stockholder Equity 1.15b)
RoCE = 15.70% (EBIT 183.0m / Capital Employed (Equity 1.15b + L.T.Debt 16.3m))
RoIC = 15.73% (NOPAT 180.8m / Invested Capital 1.15b)
WACC = 20.04% (E(31.76b)/V(31.78b) * Re(20.05%) + D(19.6m)/V(31.78b) * Rd(0.0%) * (1-Tc(0.01)))
Discount Rate = 20.05% (= CAPM, Blume Beta Adj.) -> capped to 17.38%
Shares (quarterly) Correlation: 82.22 | Cagr: 10.11%
[DCF] Terminal Value 34.83% ; FCFF base≈283.7m ; Y1≈186.3m ; Y5≈85.2m
[DCF] Fair Price = 10.17 (EV 593.2m - Net Debt -1.28b = Equity 1.88b / Shares 184.4m; r=20.04% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.94 | # QB: 6
Revenue Correlation: 93.05 | Revenue CAGR: 97.60% | SUE: 1.42 | # QB: 6
EPS current Quarter (2026-07-31): EPS=1.09 | Chg30d=+1.73% | Revisions=-33% | Analysts=6
[Analyst] Revisions Ratio: -33%