I reiterate Credo Technology as a Strong Buy after delivering record Q2 2026 results and raising full-year guidance. CRDO achieved 272% y/y revenue growth to $268M and a 47.7% non-GAAP net margin, demonstrating rare profitable hypergrowth. Management now guides for 170% y/y revenue growth and ~45% net margins for 2026, effectively quadrupling net income.
Credo Technology Group Holding Ltd (CRDO) Presents at Barclays 23rd Annual Global Technology Conference Transcript
The mean of analysts' price targets for Credo Technology Group (CRDO) points to a 29.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
| Communications Equipment Industry | Information Technology Sector | William J. Brennan CEO | XMEX Exchange | KYG254571055 ISIN |
| US Country | 500 Employees | - Last Dividend | - Last Split | - IPO Date |
Credo Technology Group Holding Ltd is a distinguished company specializing in high-speed connectivity solutions suitable for various applications, including optical and electrical Ethernet. This enterprise extends its services to a broad geographic range, covering the United States, Taiwan, Mainland China, Hong Kong, and other international locations. Operating since 2008 with its headquarters in Grand Cayman, Cayman Islands, Credo Technology Group has established itself as a significant player in its sector. Its clientele spans across hyperscalers, original equipment manufacturers (OEMs), original design manufacturers (ODMs), optical module manufacturers, and markets in the enterprise and high-performance computing (HPC) spheres.
Credo Technology Group Holding Ltd offers an extensive portfolio of products and intellectual property solutions designed to cater to the demanding needs of high-speed data transfer and connectivity: