Tuesday 13 October 2026
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Credo Technology Group Holding Ltd.
CRDO Technology Semiconductors
Credo Technology Group Holding Ltd.’s revenue for fiscal 2026 (year ended April 2026) was $1.3 billion, up 205.7% from fiscal 2025. In the quarter to July 2026, revenue grew 114.7%, EPS grew 89.2% and free cash flow grew 61.6%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for five.
189.56
11.28
−5.62%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to April
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 8.61 | 7.20 | 16.82 | 29.09 | 86.49 |
Analyst estimates 2027–2029 Powerpack |
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| High | — | — | — | — | — | 18.00 | 20.77 | 78.97 | 213.80 | 308.67 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | 354 | 382 | 438 | 500 | 622 | 807 | ||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.17 | 0.28 | 0.42 | 0.39 | 0.70 | 1.65 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | 54 | 59 | 106 | 184 | 193 | 437 | 1,335 | ||||
| Gross margin, % | — | — | — | 85.64 | 65.21 | 60.12 | 57.65 | 61.89 | 64.77 | 68.04 | |||||
| EBT | — | — | — | 2 | (25) | (22) | (18) | (23) | 55 | 475 | |||||
| EBT margin, % | — | — | — | 3.89 | (43.10) | (20.86) | (9.73) | (11.79) | 12.56 | 35.61 | |||||
| Net income | 0 | — | — | 1 | (28) | (22) | (17) | (28) | 52 | 472 | |||||
| Depreciation | — | — | — | 2 | 2 | 5 | 10 | 14 | 22 | 35 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.75 | 0.85 | 1.20 | 1.26 | 1.24 | 2.61 | 7.48 | ||||
| Earnings | — | — | — | 0.02 | (0.40) | (0.25) | (0.11) | (0.18) | 0.31 | 2.65 | |||||
| Cash flow | — | — | — | (0.14) | (0.61) | (0.35) | (0.17) | 0.21 | 0.39 | 2.60 | |||||
| Capex | — | — | — | (0.12) | (0.09) | (0.20) | (0.15) | (0.10) | (0.22) | (0.32) | |||||
| Free cash flow | — | — | — | (0.27) | (0.70) | (0.55) | (0.32) | 0.11 | 0.17 | 2.28 | |||||
| Book value | — | — | — | 1.24 | 2.06 | 3.78 | 2.37 | 3.48 | 4.07 | 11.56 | |||||
| Shares, m | — | — | — | 72 | 69 | 88 | 147 | 155 | 168 | 179 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 148.45 | 66.42 | ||||
| P/S | — | — | — | 11.44 | 11.44 | 9.31 | 6.48 | 14.36 | 16.51 | 23.27 | |||||
| P/B | — | — | — | 0.00 | 0.00 | 2.97 | 3.43 | 5.13 | 10.58 | 15.05 | |||||
| EV/Sales | — | — | — | 10.43 | 10.43 | 6.88 | 5.29 | 12.24 | 15.52 | 22.19 | |||||
| EV/FCF | — | — | — | (8.31) | (8.31) | (15.13) | (21.05) | 138.22 | 233.61 | 72.79 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | (10) | (42) | (31) | (25) | 33 | 65 | 464 | ||||
| Capex | — | — | — | (9) | (6) | (18) | (22) | (16) | (36) | (57) | |||||
| Free cash flow | — | — | — | (19) | (48) | (48) | (46) | 17 | 29 | 407 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | 77 | 125 | 306 | 297 | 486 | 606 | 1,804 | ||||
| Total debt | — | — | — | 99 | 198 | 17 | 15 | — | — | — | |||||
| Net debt | — | — | — | (74) | (104) | (259) | (218) | (410) | (431) | (1,443) | |||||
| Shareholders’ equity | — | — | — | 89 | 143 | 334 | 348 | 540 | 682 | 2,064 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | 0.00 | (20.88) | (8.35) | (4.28) | (5.68) | 7.40 | 30.42 | ||||
| ROIC | — | — | — | 8.46 | (40.67) | (18.35) | (10.22) | (17.79) | 9.27 | 44.84 | |||||
| ROE | — | — | — | 0.00 | 84.86 | (15.91) | (4.85) | (6.39) | 8.54 | 34.41 | |||||
Negative figures in brackets.
Fiscal years to Apr 2026 · latest quarter Jul 2026
Charts ten years each
Credo Technology Group Holding Ltd. vs peers in Semiconductors (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ALAB Astera Labs, Inc. | $59.4B | 149× | 153× | +104.45% (above 0%: growing) | +187.10% (above 0%: growing) | −49.60% (below 0%: shrinking) | 73.28% | 22.74% | Compare |
| UMC United Microelectronics Corporation | $57.7B | 21.1× | 30.1× | +14.10% (above 0%: growing) | +350.00% (above 0%: growing) | +67.75% (above 0%: growing) | 32.48% | 21.75% | Compare |
| NXPI NXP Semiconductors N.V. | $57.4B | 19.1× | 20.8× | +19.48% (above 0%: growing) | +72.73% (above 0%: growing) | +14.42% (above 0%: growing) | 57.27% | 30.64% | Compare |
| STM STMicroelectronics N.V. | $46.5B | 95.2× | 64.9× | +26.07% (above 0%: growing) | n/m | +107.00% (above 0%: growing) | 34.84% | 5.36% | Compare |
| MCHP Microchip Technology Incorporated | $41.0B | 110× | 51.2× | +38.05% (above 0%: growing) | n/m | +93.09% (above 0%: growing) | 63.24% | 22.68% | Compare |
| CRDO Credo Technology Group Holding Ltd. | $40.7B | 68.1× | 42.5× | +114.73% (above 0%: growing) | +89.19% (above 0%: growing) | +61.55% (above 0%: growing) | 64.53% | 25.20% | |
| ON ON Semiconductor Corporation | $30.2B | 48.1× | 53.2× | +9.18% (above 0%: growing) | +41.46% (above 0%: growing) | +284.55% (above 0%: growing) | 38.43% | 16.13% | Compare |
| GFS GlobalFoundries Inc. | $26.5B | 37.2× | 55.3× | +5.81% (above 0%: growing) | −26.83% (below 0%: shrinking) | −97.40% (below 0%: shrinking) | 28.28% | 9.74% | Compare |
| TSEM Tower Semiconductor Ltd. | $25.8B | 84.2× | 79.0× | +23.66% (above 0%: growing) | +90.48% (above 0%: growing) | −180.73% (below 0%: shrinking) | 29.95% | 19.62% | Compare |
| Median of peers | $43.7B | 66.2× | 54.3× | +21.57% | +81.60% | +41.09% | 36.63% | 20.69% |
Credo Technology Group Holding Ltd. (CRDO) key facts
- Strength: Credo Technology Group Holding Ltd.’s revenue for fiscal 2026 (year ended April 2026) was $1.3 billion, up 205.7% from fiscal 2025.
- Credo Technology Group Holding Ltd. (CRDO) is a Semiconductors company in the Technology sector, listed on Nasdaq.
- As of October 12, 2026, CRDO traded at $200.84, a market capitalization of $37.8 billion.
- Return on equity was 34.4% and debt-to-equity 0.00.
- Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 82.75 (safe zone) for fiscal 2026.