Credo Technology Group
Designs copper, optical, and memory connectivity for AI and cloud data centers.
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Profile
Sells active electrical cables, optical transceivers, retimers, DSPs, memory links, and SerDes technology for AI and cloud data centers. Revenue comes mainly from product shipments to a concentrated set of hyperscalers and infrastructure manufacturers, using a fabless model dependent on TSMC and Asian assembly partners.
Designs high-speed connectivity for AI and cloud data centers, spanning ZeroFlap active electrical cables and optical transceivers, OmniConnect memory links, PCIe retimers, optical and copper Ethernet DSPs, SerDes chiplets, and PILOT diagnostics. The DustPhotonics acquisition added silicon-photonics components, complementing Hyperlume's microLED work. Products share proprietary SerDes and DSP technology across electrical and optical links.
Operates as a fabless semiconductor supplier with direct sales coverage in North America, Asia, and Europe. Revenue comes primarily from AEC and integrated-circuit shipments to hyperscalers, neoclouds, and infrastructure manufacturers, supplemented by SerDes IP licensing. Production is outsourced; TSMC supplies all wafers, while other Asian contractors package, test, and assemble products. A small customer group accounts for most sales.
Company facts
Key statistics
Year to date +62.6% · Average volume (30d) 4.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 21, 2026 | Susquehanna | Reiterate | Positive | $235 | $250 |
| Jul 20, 2026 | Barclays | Reiterate | Overweight | $260 | $300 |
| Jun 22, 2026 | Stifel Nicolaus | Target | $250 | $350 | |
| Jun 22, 2026 | Evercore ISI | Initiate | Outperform | $325 | |
| Jun 2, 2026 | Mizuho Securities | Target | $260 | $290 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 1, 2026Q4 FY26 | $1.02 | $1.16 | +13.7% | $431.8M | $437.0M | +1.2% | +1.28% |
| Mar 2, 2026Q3 FY26 | $0.91 | $1.07 | +17.3% | $406.2M | $407.0M | +0.2% | −14.81% |
| Dec 1, 2025Q2 FY26 | $0.49 | $0.67 | +36.2% | $235.0M | $268.0M | +14.1% | +10.12% |
| Sep 3, 2025Q1 FY26 | $0.36 | $0.52 | +43.9% | $190.6M | $223.1M | +17.0% | +7.40% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $135.0M | $170.0M | $223.1M | $268.0M | $407.0M | $437.0M | |
| Gross profit | $85.9M | $114.2M | $150.4M | $181.0M | $278.9M | $298.1M | |
| Operating income | $26.2M | $34.7M | $60.7M | $78.8M | $149.6M | $155.8M | |
| Net income | $29.4M | $36.6M | $63.4M | $82.6M | $157.1M | $169.1M | |
| Diluted EPS | $0.16 | $0.20 | $0.34 | $0.44 | $0.82 | $0.88 | |
| Gross margin | 63.6% | 67.2% | 67.4% | 67.5% | 68.5% | 68.2% | |
| Operating margin | 19.4% | 20.4% | 27.2% | 29.4% | 36.8% | 35.7% |
Fiscal years (4-quarter sums)FY22 $106.5M · FY23 $184.2M · FY24 $193.0M · FY25 $436.8M · FY26 $1.34B
Revenue by product · Q4 FY26
Revenue by geography · Q4 FY26
Balance sheet, May 2, 2026Cash & short-term investments $1.44B · Total debt $25.4M · Total assets $2.30B · Shareholders' equity $2.06B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 186.48M · Float 167.84M · 90.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 17.76M | 9.52% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 8.22M | 4.41% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 7.44M | 3.99% | 13F | Aug 13, 2026 |
| Point72 Asset Management, L.P. | 6.15M | 3.30% | 13F | Aug 14, 2026 |
| Chi Fung Cheng · director, officer: Chief Technology Officer | 5.91M | 3.17% | Form 4 | Aug 4, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 31, 2026 | Chi Fung Cheng | director, officer: Chief Technology Officer | −27,473 | $209.53 |
| Jul 31, 2026 | Yat Tung Lam | director, officer: Chief Operating Officer | −105,441 | $213.17 |
| Jul 27, 2026 | Chi Fung Cheng | director, officer: Chief Technology Officer | −27,500 | $205.54 |
| Jul 21, 2026 | Chi Fung Cheng | director, officer: Chief Technology Officer | −27,500 | $222.34 |
| Jul 14, 2026 | Chi Fung Cheng | director, officer: Chief Technology Officer | −27,500 | $240.21 |
Peers
- Marvell Technology
Head-to-head in AECs, optical DSPs, SerDes IP, and PCIe retimers.
- Astera Labs
Pure-play AI connectivity peer in PCIe Gen6 retimers and AI fabric switches.
- Broadcom
Dominant in SerDes, optical DSPs, CPO, and switch silicon for AI data centers.
- MaxLinear
#3 PAM4 DSP supplier competing in optical and AEC DSP markets.
- MACOM Technology Solutions
Optical components and ACC equalizers as analog alternatives to AECs.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Credo Technology Group | $233.00 | +0.07% | $43.40B | 93.9 | 37.6 | 32.5 | +157.0% |
| Marvell Technology | $216.40 | −0.10% | $189.71B | 71.8 | 42.3 | 20.1 | +36.6% |
| Astera Labs | $290.30 | +0.15% | $49.62B | 142.6 | 51.2 | 41.3 | +104.5% |
| Broadcom | $369.12 | +0.12% | $1.75T | 61.5 | 23.5 | 23.2 | +47.9% |
| MaxLinear | $61.61 | −0.13% | $5.60B | — | 25.5 | 9.8 | +55.2% |
| MACOM Technology Solutions | $262.56 | −1.05% | $20.24B | 85.3 | 32.2 | 17.4 | +35.8% |
| Median | 78.5 | 32.2 | 20.1 | +47.9% |