Credo Technology Group Holding Ltd (CRDO)

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 other international markets. The company offers ZeroFlap (ZF) active electrical cables and ZF optical transceivers, OmniConnect memory solutions, and a suite of retimers and DSPs for optical and copper Ethernet and PCIe, as well as integrated circuits, active electrical cables, and SerDes chiplets. It also provides intellectual property (IP) solutions, including SerDes IP licensing. The company offers was founded in 2008 and is headquartered in Grand Cayman, the Cayman Islands.

Symbol
CRDO
Exchange
Nasdaq
Sector
Technology
Industry
Semiconductors
Market cap
$36.40B
52 week range
86.49 - 308.67

Valuation

Share price
$195.34 (close of 2026-09-23)
P/E (TTM)
65.06x
Price to book
13.34x
Price to free cash flow
83.00x
Enterprise value
$35.66B
Book value per share
$14.53

Price performance

PeriodChange
1 day+1.44%
5 days+20.96%
1 month-15.28%
3 months-28.19%
6 months+85.86%
Year to date+35.76%
1 year+20.39%
3 years+1213.65%
All time+1576.74%

Profitability and growth

Return on equity
22.89%
Return on invested capital
68.42%
Return on assets
20.57%
Return on capital employed
21.21%
Gross margin
68.04%
Net margin
35.37%
EBITDA margin
35.93%
Revenue growth
205.68%
Net income growth
805.04%
Free cash flow growth
1302.37%

Cash flow and balance sheet

Free cash flow yield (TTM)
1.20%
Current ratio
7.40x
Net debt to EBITDA
-1.33x

Latest reported year

Period end
2026-05-02
Fiscal year
2026
Revenue
$1.34B
Cost of revenue
$426.77M
Gross profit
$908.35M
EBITDA
$479.64M
Net income
$472.28M
Earnings per share
$2.65
Research and development
$279.38M
Shares outstanding
178.54M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2026-05-02$1.34B$908.35M$472.28M$2.65
2025-05-03$436.77M$282.91M$52.18M$0.31
2024-04-27$192.97M$119.43M$-28.37M$-0.18
2023-04-29$184.19M$106.19M$-16.55M$-0.11
2022-04-30$106.48M$64.02M$-22.18M$-0.25
2021-04-30$58.70M$38.28M$-27.51M$-0.40
2020-04-30$53.84M$46.11M$1.33M$0.02

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2026-05-0268.04%35.37%22.89%68.42%
2025-05-0364.77%11.95%7.66%12.93%
2024-04-2761.89%-14.70%-5.25%-25.72%
2023-04-2957.65%-8.98%-4.76%-13.67%
2022-04-3060.12%-20.83%-6.64%-23.83%
2021-04-3065.21%-46.87%49.63%-
2020-04-3085.64%2.47%-14.13%-

Cash and debt by year

Period endCash
2026-05-02$1.44B
2025-05-03$431.34M
2024-04-27$410.00M
2023-04-29$217.81M
2022-04-30$259.32M
2021-04-30$103.76M

Free cash flow by year

Period endFree cash flowStock-based compensation
2026-05-02$407.00M$182.64M
2025-05-03$29.02M$77.36M
2024-04-27$17.09M$39.02M
2023-04-29$-46.33M$23.52M
2022-04-30$-48.41M$9.19M
2021-04-30$-48.42M$2.57M
2020-04-30$-19.09M$1.25M

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-09-01Jul/2026$0.93
2026-06-01--
2026-03-02--
2025-12-01--
2025-09-03--
2025-06-02--
2025-03-04--
2024-12-02--

Filings and sources

Company website
credosemi.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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