Added to YB: 2026-03-05
Pitch date: 2026-03-03
CRDO [neutral]
Credo Technology Group Holding Ltd
+0.99%
current return
Author Info
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Company Info
Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.
Market Cap
$20.6B
Pitch Price
$101.53
Price Target
400.00 (+311%)
Dividend
N/A
EV/EBITDA
54.37
P/E
62.66
EV/Sales
18.11
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Credo’s 3QFY26 Earnings: Copper, Light, and the Layer in Between
CRDO (earnings): Q3 rev $407M (+52% QoQ, +200% YoY), 68.6% gross margin, 49% op margin, FCF nearly 4x. FY27 guide >50% growth beat Street. Stock -12% on CPO fears despite beat. ZeroFlap optical pulled forward 6mo, ships to TensorWave + 3 hyperscalers in qual. Acquired Comera for Layer 2 protocol IP. Bull: reliability premium travels across copper/optical via Pilot telemetry, 3yr PT $350-400. Bear: CPO commoditizes external connectivity, hyperscalers replicate internally. Key: can 64%+ margin sustain through optical mix shift? Optical must hit 15%+ rev by end FY27.
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