2D·

𝐂𝐫𝐞𝐝𝐨 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲: 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐚𝐧𝐝 𝐄𝐏𝐒 𝐁𝐞𝐚𝐭 𝐚𝐬 𝐆𝐫𝐨𝐰𝐭𝐡 𝐒𝐮𝐫𝐠𝐞𝐬 𝟏𝟏𝟓%, 𝐐𝟐 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐓𝐨𝐩𝐬

$CRDO

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📊 𝐑𝐞𝐬𝐮𝐥𝐭𝐬

• Adj. EPS: $1.20 (Est. $1.17) ✅

• Revenue: $479.0M (Est. $471.71M) ✅, +114.7% YoY.

• Adj. Net Income: $236.3M, +140% YoY.

• Adj. Gross Margin: 68.0%.

• GAAP Net Income: $129.4M.

• Cash & Short-Term Investments: $764.3M.

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🎯 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞

• Q2 FY2027 Revenue: $525M–$535M (Est. $516.54M) ✅

• Q2 FY2027 Adj. Gross Margin: 67.0%–69.0%.

• Q2 FY2027 Adj. Operating Expenses: $100M–$105M.

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📌 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• Revenue increased 114.7% YoY to $479.0M and beat consensus, while Adj. EPS also came in above expectations.

• Adj. net income surged 140% YoY to $236.3M as profitability scaled alongside rapid revenue growth.

• Q2 revenue guidance of $525M–$535M stands above the $516.54M consensus.

• Adj. gross margin remained strong at 68.0%, with Q2 guidance calling for 67.0%–69.0%.

• Management highlighted continued AI infrastructure scaling as a key demand driver for Credo’s connectivity portfolio.

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💬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐂𝐨𝐦𝐦𝐞𝐧𝐭𝐚𝐫𝐲

“During the first quarter of fiscal 2027, Credo delivered revenue of $479.0 million and non-GAAP net income of $236.3 million, representing 115% and 140% year-over-year growth respectively.”

4

Investor

@investingbeginner

2Mon·

SNDK

$SNDK (+11.32%) is finally available in Trade Republic, anyone know what could the reason be for it to take this much time to be available there? Even $CRDO isn't there

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Techaktien

@Techaktien

4Mon·

Semiconductor and memory shares 1-month performance 📈

Which ones are you invested in?

+107% Intel $INTC (+3.87%)

+92% Credo Techn. $CRDO

+91% Astera Labs $ALAB (+12.01%)

+73% MediaTek $2454

+72% AMD $AMD (+3.74%)

+72% Seagate $STX (+4.96%)

+71% SanDisk $SNDK (+11.32%)

+67% KIOXIA $285A (+10.3%)

+66% ON Semiconductor $ON (+2.61%)

+61% STMicroelectronics $STM (+2.04%)

+55% Marvell $MRVL (+6.42%)

+51% NXP $NXPI (+1.61%)

+49% Siltronic $WAF (+4.16%)

+47% GLOBALFOUNDRIES $GFS (+1.49%)

+47% SK Hynix $000660

+47% Micron $MU (+5.21%)

+46% Infineon $IFX (+2.42%)

+45% Western Digital $WDC (+4.57%)

+43% Texas Instruments $TXN (+1.85%)

+42% Arm Holdings $ARM (+3.84%)

+41% QUALCOMM $QCOM (+0.27%)

+41% Monolithic Power $MPWR (+1.32%)

+40% Aixtron $AIXA (+1.93%)

+40% Microchip Techn. $MCHP (+2.4%)

+34% Broadcom $AVGO (+0.1%)

+30% Skyworks $SWKS (+3.68%)

+25% Samsung Electronics $005930

+24% Analog Devices $ADI (+1.64%)

+18% TSMC $TSM (+2.72%)

+16% Lam Research $LRCX (+3.95%)

+14% KLA $KLAC (+7.51%)

+13% NVIDIA $NVDA (+0.85%)

+10% Applied Materials $AMAT (+4.1%)

+9% ASML $ASML (+3.78%)

I have AMD. Which one do you have?

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4 Comments

Wealth-Accelerator@Wealth-Accelerator

4Mon

Currently holding Western Digital and Kioxia. I find the performance over the last 2 months particularly interesting, because it puts the rebound effects of March into perspective and shows even more clearly where things are really going well.

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BeachPlease

@BeachPlease

5Mon·

Photonics - Computing with the lower-energy speed of light

The photonics industry has virtually completed its first major cycle - some players are still taking the last leg, others are already making corrections.

One basic idea is the difference in weight between electrons and photons, which massively reduces the energy required to transmit a datum in transmission lines - keyword fiber optics.

The more interesting part, however, is the spreading of the binary logic in light wavelengths in the CPU in order to be able to calculate in a defined space/frame with a higher base than 2. These analog protocol options are physically unlimited, as there is no longer a base number.

In my view, this is one of the most disruptive markets of the next few years.

For the watchlist

Q.ANT (IPO pending) https://qant.com/de/

From a chart technical point of view $CRDO bottoming out since the beginning of February, accumulation is still possible. Average price target $199 (+86%).

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7 Comments

Bavarianholder@Bavarianholder

5Mon

Which companies do you find most interesting and why?

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Show answer

AdriInvests

@AdriInvests

6Mon·

Credo Q3’26 EARNINGS HIGHLIGHTS

$CRDO Q3’26 EARNINGS HIGHLIGHTS

🔹 Revenue: $407.0M (Est. $379.33M) 🟢; +201.5% YoY

🔹 EPS: $1.07 (Est. $0.89) 🟢

🔹 Non-GAAP gross margin: 68.6%

Q4 Guide:

🔹 Revenue: $425M-$435M (Est. $411M) 🟢

🔹 Non-GAAP gross margin: 64.0%-66.0%

🔹 Non-GAAP OpEx: $76.0M-$80.0M

Commentary:

🔸 “...delivered record results with revenue of $407.0 million, an increase of more than 50% sequentially and 200% year over year.”

5

Darkwingduck

@Darkwingduck

7Mon·

Credo growth share and cash machine

Credo Technology
$CRDO was still an insider tip in 2024 with a valuation of around 2 billion $. Today, at the beginning of 2026, the company is valued at over 27 billion $ valued. 🚀

This is because Credo is positioned in exactly the area that is currently most in demand: the infrastructure for AI data centers.

Even without the constant takeover fantasy (rumors about giants such as Broadcom or Marvell persist), I consider Credo to be an extremely exciting growth stock.

Why Credo is so exciting right now:

Credo presents at the Needham Growth Conference On Wednesday, January 14, 2026 at 3:30 pmCEO Bill Brennan will take the stage in New York.

An update on the 1.6T AEC (Active Electrical Cable).

Explosive growth & "Top Pick 2026" Needham has just added Credo to its "Conviction List" and as a Top Pick for 2026 named.

The price target was set at 220 $ (currently approx. 151 $). The figures speak for themselves:

Jump in sales: In the last quarter, sales grew by 272 % compared to the previous year to 268 million dollars.
Margin monster: The gross margin is a strong 67,7 %.
Fantasy: For the 2026 financial year, analysts expect sales growth of over 170 %.

The "shield" against volatility Credo is not just a chip manufacturer, but supplies the "cables and connectors" (AECs) without which Nvidia GPUs could not communicate with each other in the data centers. This makes them less dependent on individual chip cycles and more dependent on the general expansion of the AI infrastructure.

Credo is expensively valued, but is growing into this valuation just fast enough that the PEG ratio (price-earnings-growth ratio) for 2026 is just 0.8 anything below 1.0 is considered a bargain for growth stocks by professionals.

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1 Comment

investment_wizard_2286@investment_wizard_2286

7Mon

Thanks for the introduction, very interesting

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BamBamInvest

@BamBamInvest

10Mon·

AI infrastructure continues to be one of the most exciting investment themes

$IREN (+6.32%)
$CIFR (+2.5%)
$BTC (-2.41%)

Maybe some exciting companies for you ✌️

I am currently only in $IREN (+6.32%) and $CIFR (+2.5%) which are the most promising for me in terms of the opportunity/return ratio. In the event of a further setback, I would $CIFR (+2.5%) probably add a little more and perhaps pick up one or two other companies.

AI stocks, sorted by YTD performance:

Hyperscalers: $GOOGL (-0.93%)
$MSFT (-1.69%)
$AMZN (-0.35%)
$ORCL (+2.46%)
$BABA (+1.2%)

Neocloud: $NBIS (+4.85%)
$IREN (+6.32%)
$CRWV (+4.65%)
$APLD (+1.03%)
$GLXY (-1.64%)
$WYFI (+3.12%)

Memory: $SNDK (+11.32%)
$STX (+4.96%)
$MU (+5.21%)
$WDC (+4.57%)
$PSTG (+0.7%)

Semiconductor: $NVDA (+0.85%)
$AVGO (+0.1%)
$AMD (+3.74%)
$TSM (+2.72%)
$ASML (+3.78%)
$ARM (+3.84%)
$KLAC (+7.51%)
$INTC (+3.87%)

Networking: $CIEN (+1.29%)
$CLS (+0.38%)
$CRDO
$RMBS (+0.99%)
$ANET (+0.68%)
$APH (+0.58%)
$COHR (+5.91%)

Servers: $VRT (+3%)
$DELL (+1.74%)
$HPE (-3.29%)

Data: $INOD (+0.21%)
$PLTR (-4.28%)
$SNOW (-4.65%)
$DDOG (+0.16%)
$MDB (-2.62%)

Energy: $LEU (+0%)
$CEG
$OKLO
$TLNE
$GEV (-0.04%)
$NXT

Batteries: $EOSE (+3.47%)
$QS (+0.43%)
$TSLA (-6.32%)
$MVST (-1.08%)

Every AI Value Chain explained:

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34 Comments

Chris@Multibagger

10Mon

Thanks for the overview. Despite having already sold some of $AMD, $NBIS and $APLD, I still have more in my portfolio.
In addition to $IREN and $CIFR also $GLXY, $INOD, $NVDA and $DDOG.
Plus $GOOGL, $AMZN and $BABA
So I'm pretty broadly positioned in this area when I look at it like this 😉😎
Others would say there is a cluster risk. However, the strategy of focusing on the highest possible returns means investing in the booming sectors, which at the moment are AI and commodities.

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View all 8 further answers

Aktien Stammtisch

@Aktien_Stammtisch

1Yr·

BofA Double Upgrades $CRDO to Buy from Underperform, Raises PT to $80 from $27

Analyst comments: "Following a solid beat and material raise earnings call, we double upgrade Credo, and raise FY26/27E EPS est. by 65%/88% to $1.01/$1.51, and take our price objective to $80 from $27.

Our new price objective is based on 60x CY26E PE (from 10x CY25E EV/S previously as Credo shifts to translating sales growth to better earnings growth), inline with the higher end of comps, as CRDO’s outlook suggests the start of a multi-year adoption cycle for its Active Electrical Cable (AEC) product that enables power-efficient AI clusters.

Near term, we see the company driving a strong 2HFY25E (Jan25Q plus Apr25Q), driven by strong AI growth at Amazon Web Services, a key customer (and investor) in CRDO. Our prior cautious view was based on limited TAM assumptions for AEC, but CRDO’s earnings call addressed those concerns nicely, with three 10% customers (Microsoft, Amazon, Tesla) and growing momentum in other adjacent areas (optical DSP, line card PHY, retimer).

Risks to our call are CRDO’s premium valuation, high sensitivity to any sentiment shift around AI deployments, and growing competition in the AEC market (from $MRVL, $AVGO)."

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Credo Technology Group Holding Ltd.

Price

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