Credo Technology Group (CRDO)
Designs copper, optical, and memory connectivity for AI and cloud data centers.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Mizuho Securities | Target | Target: $290 | Target: $245 |
| Sep 2, 2026 | Evercore ISI | Target | Target: $325 | Target: $292 |
| Sep 2, 2026 | Rosenblatt Securities | Target | Target: — | Target: $235 |
| Sep 2, 2026 | Wells Fargo | Target | Target: — | Target: $275 |
| Jul 21, 2026 | Susquehanna | Reiterate | Rating: —Target: $235 | Target: $250 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Aug 1, 2026Cash & short-term investments $764.3M · Total debt $20.7M · Total assets $3.01B · Shareholders' equity $2.73B
- Revenue
- $479.0M
- Operating income
- $120.7M
- Net income
- $129.4M
No dividends on record.
| Institutions | 70.88% | 133.22M shares | |
|---|---|---|---|
| 1,043 holders · as of Jun 30, 2026 | |||
| Insiders | 9.77% | 18.36M shares | |
| 13 holders · as of Sep 21, 2026 | |||
| Other | 19.35% | 36.37M shares | |
| remainder | |||
187.95M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.45% | 17.76M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.37% | 8.22M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.96% | 7.44M | as of Jun 30, 2026 |
Point72 Asset Management, L.P.Institution | 3.27% | 6.15M | as of Jun 30, 2026 |
Pantas SutardjaInsiderdirector | 3.13% | 5.89M | filed Feb 2, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 17, 2026 | Chi Fung Cheng | director, officer: Chief Technology Officer | −27,500 | $166.38 |
| Sep 14, 2026 | William Joseph Brennan | director, officer: Pres & Chief Executive Officer | −16,672 | $151.88 |
| Sep 11, 2026 | Chi Fung Cheng | director, officer: Chief Technology Officer | −27,500 | $162.73 |
| Sep 4, 2026 | Chi Fung Cheng | director, officer: Chief Technology Officer | −3,790 | $170.00 |
| Jul 31, 2026 | Chi Fung Cheng | director, officer: Chief Technology Officer | −27,473 | $209.53 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Credo Technology Group | $187.20 | −0.04% | $34.92B | 66.6 | 25.7 | 21.9 | +114.7% |
| Marvell Technology | $261.79 | +1.71% | $225.40B | 85.3 | 47.8 | 23.9 | +36.6% |
| Astera Labs | $350.64 | +2.91% | $58.41B | 167.9 | 62.0 | 48.6 | +104.5% |
| Broadcom | $361.50 | −0.32% | $1.73T | 46.3 | 20.9 | 19.4 | +85.5% |
| MaxLinear | $84.68 | −1.51% | $7.80B | — | 35.0 | 13.7 | +55.2% |
| MACOM Technology Solutions | $276.46 | −0.95% | $21.29B | 89.7 | 33.5 | 18.3 | +35.8% |
| Median | 87.5 | 35.0 | 19.4 | +55.2% |