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.
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Credo Technology Group Holding Ltd. (CRDO) Altman Z-score
Credo Technology Group Holding Ltd.'s Altman Z-score for fiscal 2026 is 82.75, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 82.75 | 47.41 |
| FY2025 | 35.33 | 7.63 |
| FY2024 | 27.71 | 12.54 |
| FY2023 | 15.17 | 0.34 |
| FY2022 | 14.83 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.79 | — | 0.94 | |
| Retained earnings / total assets | 0.17 | — | 0.24 | |
| EBIT / total assets | 0.19 | — | 0.64 | |
| Market value of equity / total liabilities | 133.91 | — | 80.34 | |
| Sales / total assets | 0.58 | — | 0.58 | |
| Altman Z-score | Safe zone | 82.75 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 16.35 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| ALAB Astera Labs, Inc. compare | 101× |
| CRDO Credo Technology Group Holding Ltd. | 82.7× |
| TSEM Tower Semiconductor Ltd. compare | 20.5× |
| ON ON Semiconductor Corporation compare | 4.6× |
| STM STMicroelectronics N.V. compare | 3.7× |
| MCHP Microchip Technology Incorporated compare | 3.7× |
| UMC United Microelectronics Corporation compare | 3.3× |
| NXPI NXP Semiconductors N.V. compare | 2.9× |
| GFS GlobalFoundries Inc. compare | 2.1× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets