Credo Technology Group Holding Ltd (CRDO) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Credo Technology Group Holding Ltd Do?
Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Malaysia, Hong Kong, and internationally. Its products include integrated circuits, active electrical cables, and SerDes chiplets that are based on its serializer/deserializer and digital signal processor technologies. The company intellectual property solutions consist of SerDes IP licensing. The company was founded in 2008 and is headquartered in San Jose, California. Credo Technology Group Holding Ltd (CRDO) is classified as a large-cap stock in the Technology sector, specifically within the Electronic Equipment industry. The company is led by CEO William Brennan and employs approximately 380 people. With a market capitalization of $17.7B, CRDO is one of the prominent companies in the Technology sector.
Credo Technology Group Holding Ltd (CRDO) Stock Rating — Reduce (April 2026)
As of April 2026, Credo Technology Group Holding Ltd receives a Reduce rating with a composite score of 38.8/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.CRDO ranks #3,136 out of 4,446 stocks in our coverage universe. Within the Technology sector, Credo Technology Group Holding Ltd ranks #360 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
CRDO Stock Price and 52-Week Range
Credo Technology Group Holding Ltd (CRDO) currently trades at $120.30. The stock gained $12.37 (11.5%) in the most recent trading session. The 52-week high for CRDO is $213.80, which means the stock is currently trading -43.7% from its annual peak. The 52-week low is $29.09, putting the stock 313.5% above its annual trough. Recent trading volume was 8.6M shares, reflecting moderate market activity.
Is CRDO Overvalued or Undervalued? — Valuation Analysis
Credo Technology Group Holding Ltd (CRDO) carries a value factor score of 41/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 59.23x, compared to the Technology sector average of 45.27x — a premium of 31%. The price-to-book ratio stands at 10.65x, versus the sector average of 3.16x. The price-to-sales ratio is 19.07x, compared to 1.06x for the average Technology stock. On an enterprise value basis, CRDO trades at 62.46x EV/EBITDA, versus 12.79x for the sector.
Overall, CRDO's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
Credo Technology Group Holding Ltd Profitability — ROE, Margins, and Quality Score
Credo Technology Group Holding Ltd (CRDO) earns a quality factor score of 42/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 18.0%, compared to the Technology sector average of -1.4%, which is within a healthy range. Return on assets (ROA) comes in at 16.3% versus the sector average of -1.0%.
On a margin basis, Credo Technology Group Holding Ltd reports gross margins of 66.8%, compared to 50.9% for the sector. The operating margin is 28.2% (sector: -0.5%). Net profit margin stands at 29.9%, versus -1.5% for the average Technology stock. Revenue growth is running at 465.0% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
CRDO Debt, Balance Sheet, and Financial Health
Credo Technology Group Holding Ltd has a debt-to-equity ratio of 10.0%, compared to the Technology sector average of 43.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 10.82x, indicating strong short-term liquidity. Total debt on the balance sheet is $0. Cash and equivalents stand at $568M.
CRDO has a beta of 2.55, meaning it is more volatile than the broader market — a $10,000 investment in CRDO would be expected to move 155.0% more than the S&P 500 on any given day. The stability factor score for Credo Technology Group Holding Ltd is 23/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.
Credo Technology Group Holding Ltd Revenue and Earnings History — Quarterly Trend
In TTM 2026, Credo Technology Group Holding Ltd reported revenue of $1.03B and earnings per share (EPS) of $0.86. Net income for the quarter was $333M. Gross margin was 66.8%. Operating income came in at $315M.
In Q3 2026, Credo Technology Group Holding Ltd reported revenue of $407M and earnings per share (EPS) of $0.86. Net income for the quarter was $157M. Gross margin was 68.5%. Revenue grew 201.5% year-over-year compared to Q3 2025. Operating income came in at $150M.
In Q2 2026, Credo Technology Group Holding Ltd reported revenue of $268M and earnings per share (EPS) of $0.47. Net income for the quarter was $83M. Gross margin was 67.5%. Revenue grew 272.1% year-over-year compared to Q2 2025. Operating income came in at $79M.
In Q1 2026, Credo Technology Group Holding Ltd reported revenue of $223M and earnings per share (EPS) of $0.37. Net income for the quarter was $63M. Gross margin was 67.4%. Revenue grew 273.6% year-over-year compared to Q1 2025. Operating income came in at $61M.
Over the past 8 quarters, Credo Technology Group Holding Ltd has demonstrated a growth trajectory, with revenue expanding from $60M to $1.03B. Investors analyzing CRDO stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
CRDO Dividend Yield and Income Analysis
Credo Technology Group Holding Ltd (CRDO) does not currently pay a dividend. This is common among growth-oriented companies in the Electronic Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.
CRDO Momentum and Technical Analysis Profile
Credo Technology Group Holding Ltd (CRDO) has a momentum factor score of 48/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 21/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 35/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
CRDO vs Competitors — Technology Sector Ranking and Peer Comparison
Within the Technology sector, Credo Technology Group Holding Ltd (CRDO) ranks #360 out of 584 stocks based on the Blank Capital composite score. This places CRDO in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.
Comparing CRDO against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full CRDO vs S&P 500 (SPY) comparison to assess how Credo Technology Group Holding Ltd stacks up against the broader market across all factor dimensions.
CRDO Next Earnings Date
No upcoming earnings date has been announced for Credo Technology Group Holding Ltd (CRDO) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy CRDO? — Investment Thesis Summary
The quantitative profile for Credo Technology Group Holding Ltd suggests caution. High volatility (stability score 23/100) increases portfolio risk.
In summary, Credo Technology Group Holding Ltd (CRDO) earns a Reduce rating with a composite score of 38.8/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on CRDO stock.
Related Resources for CRDO Investors
Explore more research and tools: CRDO vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare CRDO head-to-head with peers: CRDO vs IHS, CRDO vs VRSN, CRDO vs ESE.