Credo Technology Group Holding Ltd logo CRDO - Credo Technology Group Holding Ltd

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 11
HOLD 2
SELL 0
STRONG
SELL
0
| PRICE TARGET: $217.10 DETAILS
HIGH: $260.00
LOW: $170.00
MEDIAN: $215.50
CONSENSUS: $217.10
DOWNSIDE: 0.60%
Metric 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1
Revenue
Revenue 407.0 268.0 223.1 170.0 135.0 72.0 59.7 60.8 53.1 44.0 35.1 32.1 54.3 51.4 46.5 37.5 31.8 26.4 10.7 19.8 13.5 14.5 11.0
Cost of Revenue 128.1 87.0 72.7 55.8 49.1 26.5 22.4 20.8 20.5 17.9 14.3 13.5 22.3 23.4 18.8 13.8 12.7 10.5 5.5 6.4 5.4 5.3 3.3
Gross Profit 278.9 181.0 150.4 114.2 85.9 45.5 37.3 40.0 32.6 26.1 20.8 18.6 32.0 28.0 27.7 23.8 19.1 16.0 5.2 13.4 8.1 9.1 7.7
Operating Expenses
R&D Expenses 78.5 57.9 52.4 47.6 36.3 31.7 30.4 26.9 24.2 21.7 22.6 21.4 20.5 18.2 16.7 15.5 11.0 11.8 9.7 8.2 7.0 12.7 6.9
SG&A Expenses 50.8 44.3 37.2 31.9 23.5 22.2 21.3 20.2 14.2 13.3 12.5 13.6 11.9 11.5 11.2 11.5 8.6 7.7 7.1 7.1 5.9 10.3 5.4
Other Expenses 0 0 0 0 0 0 0 0.8 0 0 0 0 2.4 0 0 3.1 0 0 0 0 0 0.1 (0.0)
Operating Expenses 129.2 102.2 89.6 79.5 59.7 53.9 51.7 47.8 38.5 35.0 35.2 35.0 34.9 29.7 27.9 30.1 19.6 19.5 16.8 15.3 12.9 23.1 12.3
Operating Income
Operating Income 149.6 78.8 60.7 34.7 26.2 (8.4) (14.5) (7.9) (5.9) (8.9) (14.4) (16.4) (2.9) (1.7) (0.2) (6.3) (0.5) (3.6) (11.6) (1.9) (4.8) (13.9) (4.6)
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 156.4 85.4 66.2 42.3 31.3 (3.4) (10.2) (3.4) (2.5) (5.2) (11.4) (13.4) 1.8 0.9 1.4 (1.7) 0.8 (2.4) (10.8) (1.2) (4.2) (13.5) (4.1)
EBIT 149.6 78.8 60.7 34.7 26.2 (8.4) (14.5) (7.1) (5.9) (8.9) (14.4) (16.4) (0.5) (1.7) (0.2) (3.2) (0.5) (3.6) (11.6) (1.9) (4.8) (14.0) (4.6)
Income Before Tax 159.1 83.7 64.7 37.6 30.1 (3.9) (8.9) (2.7) (1.6) (6.2) (12.2) (14.7) (0.4) (2.4) (0.4) (6.5) (0.5) (3.5) (11.7) (1.9) (4.7) (14.0) (4.6)
Income Tax Expense 1.9 1.0 1.3 1.0 0.8 0.3 0.6 7.8 (2.0) 0.5 (0.5) 1.2 (3.2) 0.9 (0.4) (1.2) (0.4) 0.6 0.9 1.2 0.4 0.4 0.3
Net Income 157.1 82.6 63.4 36.6 29.4 (4.2) (9.5) (10.5) 0.4 (6.6) (11.7) (15.9) 2.8 (3.4) (0.1) (5.4) (0.1) (4.1) (12.6) (3.1) (5.1) (14.5) (4.8)
Per Share Data
EPS (Basic) 0.86 0.47 0.37 0.21 0.17 -0.03 -0.06 -0.06 0.00 -0.04 -0.08 -0.11 0.02 -0.02 -0.00 -0.04 -0.00 -0.03 -0.09 -0.02 -0.04 -0.21 -0.07
EPS (Diluted) 0.82 0.44 0.34 0.20 0.16 -0.03 -0.06 -0.06 0.00 -0.04 -0.08 -0.11 0.02 -0.02 -0.00 -0.04 -0.00 -0.03 -0.09 -0.02 -0.04 -0.21 -0.07
Shares Outstanding 182.2 175.3 171.9 170.4 168.2 166.5 165.1 163.7 157.2 150.2 149.3 148.2 146.9 146.0 145.1 142.5 142.5 139.9 139.9 139.9 139.9 70.4 72.7
Metric 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4
Current Assets
Cash & Cash Equivalents 1,220.5 567.6 219.6 236.3 299.2 239.2 103.9 66.9 96.1 129.0 127.0 108.6 123.8 190.5 243.8 259.3 240.5 71.0 100.2 103.8
Short-Term Investments 81 246 260.0 195.0 80 143.7 294.7 343.1 313.1 111.5 110.5 109.2 109.2 50 0 0 0 0 0 0
Net Receivables 243.2 245.2 192.0 162.1 170.7 101.8 96.3 81.2 62.7 44.8 36.0 59.0 62.4 58.2 60.8 39.6 31.5 34.4 10.8 18.2
Inventory 208.0 150.2 116.7 90.0 53.2 36.3 31.6 25.9 31.5 35.8 40.8 46.0 50.3 47.8 37.0 27.3 26.1 21.3 19.2 7.1
Other Current Assets 34.0 34.5 15.3 27.8 16.0 17.2 15.9 13.1 8.1 7.3 6.3 5.4 4.3 0 0 1.3 1.5 1.4 1.3 1.1
Total Current Assets 1,786.6 1,243.4 803.6 713.5 619.1 538.3 542.4 530.3 511.4 328.3 320.6 328.2 350.0 349.8 346.0 332.2 301.8 135.6 133.6 137.8
Non-Current Assets
Property, Plant & Equipment 121.5 101.7 84.3 78.9 83.2 83.4 86.1 56.7 58.5 58.5 58.6 55.1 54.6 56.8 54.4 38.8 27.2 20.0 18.4 14.2
Goodwill 70.9 68.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 17.6 17.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 40.8 18.2 17.3 16.9 17.6 16.9 16.4 14.9 22.5 19.0 16.4 14.0 12.6 7.4 5.2 4.7 5.2 6.9 4.8 3.4
Total Non-Current Assets 250.7 205.8 101.6 95.7 100.8 100.3 102.5 71.7 81.0 77.5 75.1 69.1 67.2 64.2 59.7 43.5 32.4 27.0 23.2 17.7
Total Assets 2,037.3 1,449.3 905.2 809.3 719.9 638.6 644.9 601.9 592.5 405.8 395.7 397.3 417.3 414.0 405.6 375.7 334.2 162.6 156.7 155.5
Current Liabilities
Account Payables 93.8 64.1 54.9 56.2 36.8 13.0 38.5 13.4 10.3 10.9 7.9 6.1 21.3 23.3 21.2 8.5 7.0 6.9 5.7 3.6
Short-Term Debt 0 0 3.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.5 0
Deferred Revenue 0 0 3.1 0 1.4 2.0 2.9 3.9 4.7 4.8 3.3 4.0 3.5 1.4 3.0 1.2 6.2 5.6 2.5 4.1
Other Current Liabilities 71.4 76.3 34.0 17.4 9.2 9.2 7.8 9 6.9 4.9 4.9 6.5 3.4 5.4 2.9 4.7 2.3 2.2 1.0 1.5
Total Current Liabilities 165.2 140.4 108.4 107.7 80.7 49.6 69.4 44.6 40.2 37.2 31.2 31.0 43.4 49.5 42.6 26.5 25.8 23.7 15.8 12.5
Non-Current Liabilities
Long-Term Debt 12.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 205.2 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0.5 0 0.3 0.3 0 0 0 0 0 0.4
Other Non-Current Liabilities 10.6 10.0 3.1 7.3 8.0 8.1 8.8 5.9 6.5 7.2 4.1 5.4 5.5 6.0 6.8 0.2 0.4 205.6 0.4 198.0
Total Non-Current Liabilities 23.3 22.8 15.4 20.0 21.0 21.0 22.3 17.1 18.3 19.0 17.1 18.6 19.3 20.4 21.1 15.0 2.7 207.5 207.5 198.4
Total Liabilities 188.5 163.2 123.8 127.7 101.7 70.6 91.8 61.7 58.5 56.3 48.3 49.7 62.7 69.9 63.7 41.5 28.5 231.2 223.2 210.9
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings 220.0 62.9 (19.8) (83.2) (119.8) (149.1) (144.9) (135.3) (124.9) (125.3) (118.7) (107.0) (91.0) (93.9) (90.5) (90.4) (85.1) (84.9) (80.8) (68.3)
Accumulated Other Comprehensive Income 2.1 (0.6) (0.4) (0.4) (0.4) (0.3) (0.4) (0.5) (0.3) (0.6) (0.4) (0.2) (0.1) (0.4) (0.1) 0.0 0.0 0.3 0.2 0.2
Total Stockholders' Equity 1,848.9 1,286.1 781.4 681.6 618.2 567.9 553.1 540.2 534.0 349.5 347.4 347.6 354.6 344.1 341.9 334.2 305.7 (68.7) (66.5) (55.4)
Total Liabilities & Equity 2,037.3 1,449.3 905.2 809.3 719.9 638.6 644.9 601.9 592.5 405.8 395.7 397.3 417.3 414.0 405.6 375.7 334.2 162.6 156.7 155.5
Debt Metrics
Total Debt 12.6 12.8 15.6 16.0 16.1 16.0 16.7 13.9 14.4 14.2 14.8 15.5 16.2 16.6 16.7 17.2 3.3 3.3 208.9 0
Net Debt (1,207.8) (554.8) (204.0) (220.3) (283.1) (223.2) (87.2) (53.1) (81.7) (114.8) (112.2) (93.1) (107.6) (173.9) (227.1) (242.1) (237.2) (67.8) 108.7 (103.8)
Metric 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1
Operating Activities
Net Income 157.1 82.6 63.4 36.6 29.4 (4.2) (9.5) (10.5) 0.4 (6.6) (11.7) (15.9) 2.8 (3.4) (0.1) (5.4) (0.1) (4.1) (12.6) (3.1) (5.1) (14.5) (4.8)
Depreciation & Amortization 6.8 6.6 5.5 7.7 5.1 5.0 4.2 3.7 3.4 3.7 3.0 3.0 2.3 2.6 1.6 1.5 1.3 1.1 0.9 0.7 0.6 0.5 0.5
Stock-Based Compensation 52.2 45.3 35.5 27.9 16.2 16.7 16.6 14.6 8.3 8.1 8.0 7.9 5.2 4.9 5.5 5.4 1.4 1.3 1.1 0.9 0.8 11.8 0.4
Change in Working Capital (32.9) 52.1 (52.1) (18.8) (55.9) (12.3) (21.5) (10.2) (14.2) (1.1) 24.8 (9.7) (17.2) (2.8) (20.6) (4.5) (2.5) (23.9) 1.3 (9.0) (2.6) (4.3) (1.5)
Other Non-Cash Items (16.9) (125.0) 2.0 4.5 9.5 5.1 2.9 6.6 1.0 0.9 0.6 2.9 4.7 0.4 1.3 5.3 1.7 (0.4) 0.4 (1.0) 1.0 (14.3) 0.7
Operating Cash Flow 166.2 61.7 54.2 57.8 4.2 10.3 (7.2) 4.2 (1.0) 5.0 24.6 (11.8) (2.3) 1.8 (12.2) 2.4 1.7 (26.0) (8.9) (11.5) (5.3) (20.8) (4.8)
Investing Activities
Capital Expenditure (26.5) (23.2) (2.8) (3.7) (4.6) (21.9) (5.9) (3.2) (5.1) (2.0) (5.3) (3.9) (6.9) (5.7) (5.3) (9.6) (2.9) (3.6) (1.3) 0.5 (2.8) (3.2) (0.6)
Acquisitions 0 (82.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 (115) (145.0) 0 0 (113.7) (30) (262.1) (51) (60.5) (50) (59.2) (50) 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 165 14.0 50 30 63.7 151 162.1 0 60.5 50 59.2 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 0 0 0 0 0 0 0 0 50 0 0 0 0 0 0 0 0 0 0 0
Investing Cash Flow 138.5 (91.7) (67.8) (118.7) 59.1 129.1 42.5 (33.2) (206.6) (3.0) (6.6) (3.9) (66.1) (55.7) (5.3) (9.6) (2.9) (3.6) (1.3) 0.5 (2.8) (3.2) (0.6)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (22.9) 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 348.0 382.5 (7.6) (2.0) (3.3) (4.0) 1.6 0.2 174.6 0.1 0.5 0.6 1.6 0.7 2.0 3.9 (1.0) 0.4 (0.5) 0.3 0.4 0.6 0
Financing Cash Flow 348.0 377.9 (3.0) (2.0) (3.3) (4.0) 1.6 0.0 174.6 0.1 0.5 0.6 1.6 0.7 2.0 26.2 170.8 0.4 6.8 0.2 50.3 (22.4) 49.7
Cash Position
Net Change in Cash 652.9 347.9 (16.7) (62.9) 60.0 135.3 37.0 (29.1) (32.9) 1.9 18.5 (15.2) (66.8) (53.2) (15.5) 18.8 169.5 (29.2) (3.5) (10.8) 42.4 (46.1) 44.4
Cash at Beginning 567.6 219.6 236.3 299.2 239.2 103.9 66.9 96.1 129.0 127.0 108.6 123.8 190.5 243.8 259.3 240.5 71.0 100.2 103.8 114.6 72.2 118.3 73.9
Cash at End 1,220.5 567.6 219.6 236.3 299.2 239.2 103.9 66.9 96.1 129.0 127.0 108.6 123.8 190.5 243.8 259.3 240.5 71.0 100.2 103.8 114.6 72.2 118.3
Free Cash Flow 139.7 38.5 51.3 54.2 (0.4) (11.7) (13.1) 1.0 (6.1) 3.0 19.3 (15.7) (9.2) (3.9) (17.5) (7.3) (1.2) (29.6) (10.3) (11.0) (8.1) (23.9) (5.4)
Key Metrics 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1
Income Statement
Revenue 407.0 268.0 223.1 170.0 135.0 72.0 59.7 60.8 53.1 44.0 35.1 32.1 54.3 51.4 46.5 37.5 31.8 26.4 10.7 19.8 13.5 14.5 11.0
Gross Profit 278.9 181.0 150.4 114.2 85.9 45.5 37.3 40.0 32.6 26.1 20.8 18.6 32.0 28.0 27.7 23.8 19.1 16.0 5.2 13.4 8.1 9.1 7.7
Operating Income 149.6 78.8 60.7 34.7 26.2 (8.4) (14.5) (7.9) (5.9) (8.9) (14.4) (16.4) (2.9) (1.7) (0.2) (6.3) (0.5) (3.6) (11.6) (1.9) (4.8) (13.9) (4.6)
Net Income 157.1 82.6 63.4 36.6 29.4 (4.2) (9.5) (10.5) 0.4 (6.6) (11.7) (15.9) 2.8 (3.4) (0.1) (5.4) (0.1) (4.1) (12.6) (3.1) (5.1) (14.5) (4.8)
EPS (Diluted) 0.82 0.44 0.34 0.20 0.16 -0.03 -0.06 -0.06 0.00 -0.04 -0.08 -0.11 0.02 -0.02 -0.00 -0.04 -0.00 -0.03 -0.09 -0.02 -0.04 -0.21 -0.07
Balance Sheet
Cash & Equivalents 1,220.5 567.6 219.6 236.3 299.2 239.2 103.9 66.9 96.1 129.0 127.0 108.6 123.8 190.5 243.8 259.3 240.5 71.0 100.2 103.8
Total Assets 2,037.3 1,449.3 905.2 809.3 719.9 638.6 644.9 601.9 592.5 405.8 395.7 397.3 417.3 414.0 405.6 375.7 334.2 162.6 156.7 155.5
Total Debt 12.6 12.8 15.6 16.0 16.1 16.0 16.7 13.9 14.4 14.2 14.8 15.5 16.2 16.6 16.7 17.2 3.3 3.3 208.9 0
Stockholders' Equity 1,848.9 1,286.1 781.4 681.6 618.2 567.9 553.1 540.2 534.0 349.5 347.4 347.6 354.6 344.1 341.9 334.2 305.7 (68.7) (66.5) (55.4)
Cash Flow
Operating Cash Flow 166.2 61.7 54.2 57.8 4.2 10.3 (7.2) 4.2 (1.0) 5.0 24.6 (11.8) (2.3) 1.8 (12.2) 2.4 1.7 (26.0) (8.9) (11.5) (5.3) (20.8) (4.8)
Capital Expenditure (26.5) (23.2) (2.8) (3.7) (4.6) (21.9) (5.9) (3.2) (5.1) (2.0) (5.3) (3.9) (6.9) (5.7) (5.3) (9.6) (2.9) (3.6) (1.3) 0.5 (2.8) (3.2) (0.6)
Free Cash Flow 139.7 38.5 51.3 54.2 (0.4) (11.7) (13.1) 1.0 (6.1) 3.0 19.3 (15.7) (9.2) (3.9) (17.5) (7.3) (1.2) (29.6) (10.3) (11.0) (8.1) (23.9) (5.4)