Credo Technology Group (CRDO) to Post Quarterly Earnings on Tuesday

Credo Technology Group (NASDAQ:CRDO) will likely be issuing its Q1 2027 results after the market closes on Tuesday, September 1st. Analysts expect Credo Technology Group to post earnings of $1.17 per share and revenue of $473.2960 million for the quarter. Individuals are encouraged to explore the company’s upcoming Q1 2027 earning results page for the latest details on the call scheduled for Tuesday, September 1, 2026 at 5:00 PM ET.

Credo Technology Group (NASDAQ:CRDO) last posted its earnings results on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.14. The company had revenue of $437.00 million during the quarter, compared to the consensus estimate of $431.80 million. Credo Technology Group had a return on equity of 32.30% and a net margin of 35.37%.The company’s revenue was up 157.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 earnings per share. On average, analysts expect Credo Technology Group to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Credo Technology Group Stock Performance

Shares of Credo Technology Group stock opened at $232.75 on Friday. The firm has a 50-day moving average of $238.64 and a 200-day moving average of $186.88. The stock has a market cap of $43.74 billion, a PE ratio of 93.85, a PEG ratio of 1.06 and a beta of 3.23. Credo Technology Group has a 52-week low of $86.49 and a 52-week high of $308.67.

Analyst Ratings Changes

Several brokerages have weighed in on CRDO. Wall Street Zen cut shares of Credo Technology Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Credo Technology Group in a report on Friday, August 21st. Roth Capital increased their target price on shares of Credo Technology Group from $200.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Zacks Research cut shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Susquehanna lifted their price target on shares of Credo Technology Group from $235.00 to $250.00 and gave the company a “positive” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $268.39.

Insider Transactions at Credo Technology Group

In related news, CTO Chi Fung Cheng sold 27,473 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $209.53, for a total transaction of $5,756,417.69. Following the completion of the sale, the chief technology officer owned 5,772,397 shares of the company’s stock, valued at $1,209,490,343.41. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Yat Tung Lam sold 55,441 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $213.02, for a total transaction of $11,810,041.82. Following the sale, the chief operating officer directly owned 2,529,169 shares of the company’s stock, valued at $538,763,580.38. This represents a 2.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 435,076 shares of company stock valued at $101,043,506. 11.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Credo Technology Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Alberta Investment Management Corp acquired a new stake in shares of Credo Technology Group during the 4th quarter worth approximately $4,000,000. Mercer Global Advisors Inc. ADV raised its position in Credo Technology Group by 28.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,010 shares of the company’s stock valued at $1,236,000 after purchasing an additional 2,001 shares in the last quarter. Braeburn Wealth Management LLC acquired a new position in Credo Technology Group during the fourth quarter valued at approximately $702,000. Vident Advisory LLC lifted its stake in Credo Technology Group by 7.2% during the fourth quarter. Vident Advisory LLC now owns 3,776 shares of the company’s stock worth $543,000 after purchasing an additional 252 shares during the last quarter. Finally, Delta Global Management LP bought a new stake in Credo Technology Group during the fourth quarter worth $2,211,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Credo Technology Group Company Profile

Credo Technology Group, Inc (NASDAQ: CRDO) is a fabless semiconductor company that develops high?speed connectivity solutions for cloud, enterprise and telecommunications infrastructure. The company focuses on semiconductors and related IP that enable reliable, low?latency movement of large volumes of data between servers, switches and optical modules in data centers and network equipment.

Credo’s product portfolio centers on high?speed analog and mixed?signal devices designed to preserve signal integrity and extend reach over copper and optical links.