CRDO Credo Technology Group

XNGS Sideways Alert

Technology

· How we analyze

About the company

Credo Technology develops chips and active copper cables for fast data connections in data centers, for example between servers and network switches. Customers are cloud providers and networking equipment makers; demand grows with AI data centers. Manufacturing is done by contract manufacturers. As of Oct 16, 2026

Fact sheet (from the annual report) Semiconductors (chips) · Grand Cayman, Cayman Islands

Credo develops high-speed copper and fiber optic connectivity technology for the data needs of artificial intelligence applications. Its offering includes active electrical cables, optical transceiver modules, memory solutions and chips for Ethernet and PCIe connections. Credo designs the products itself, has them built by manufacturing partners and also licenses its own intellectual property. Customers are large cloud operators, so-called neoclouds, equipment and contract manufacturers and makers of optical modules. Revenue is highly concentrated: in fiscal year 2026 the vast majority came from the 10 customers with the highest revenue.

Automatically summarized from SEC annual report (10-K, filed Jun 15, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 17, 2026

Price performance at a glance

Last 30 trading days
  • Today +2.6%
  • 7 days −12.5%
  • 30 days −28.4%
  • 1 year −2.8%
Day range (last trading day)
−4.0%Price at 53% of the range+3.6%
52-week range
−42.8%Price at 29% of the range+104.2%
Distance from the all-time high
−51.0%

Our own calculation from the exchange’s daily candles, as of Oct 26, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Fundamentals · Analysis method

Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.

Growth: greenMargin: greenDebt: gray

Fundamental analysis

Credo Technology Group · Sector Technology · amounts in USD

Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Jun 15, 2026.

In short

  • Light green: Revenue grew over 5 years (+86.8% per year), at least as fast as the sector median.
  • Light green: Net margin 35.4%, above the sector median (12.5%).
  • Light red: Profit in 3 of 7 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2020 (May 1, 2019 – Apr 30, 2020): Revenue 53.8M USD · Net income 1.3M USD · Net margin 2.5%
  2. Fiscal year 2021 (May 1, 2020 – Apr 30, 2021): Revenue 58.7M USD · Net income −27.5M USD · Net margin −46.9%
  3. Fiscal year 2022 (May 1, 2021 – Apr 30, 2022): Revenue 106.5M USD · Net income −22.2M USD · Net margin −20.8%
  4. Fiscal year 2023 (May 1, 2022 – Apr 29, 2023): Revenue 184.2M USD · Net income −16.5M USD · Net margin −9.0%
  5. Fiscal year 2024 (Apr 30, 2023 – Apr 27, 2024): Revenue 193.0M USD · Net income −28.4M USD · Net margin −14.7%
  6. Fiscal year 2025 (Apr 28, 2024 – May 3, 2025): Revenue 436.8M USD · Net income 52.2M USD · Net margin 11.9%
  7. Fiscal year 2026 (May 4, 2025 – May 2, 2026): Revenue 1.3B USD · Net income 472.3M USD · Net margin 35.4%

Fiscal year 2026 (May 4, 2025 – May 2, 2026): Revenue 1.3B USD · Net income 472.3M USD · Net margin 35.4%

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light green: above sector

+86.8% per year, last 5 years

Sector Technology: median +13.5% (88 symbols)

What does this mean? Revenue: over 5 years it grew by 86.8% per year on average – at least as fast as the median company in the sector (+13.5%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light gray: not computable

– per year, last 5 years

Sector Technology: median +13.3% (62 symbols)

per share: not computable (loss in the first or last year)

What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light green: above sector

35.4% last fiscal year

Sector Technology: median 12.5% (97 symbols)

What does this mean? Of every 100 USD in revenue, 35.37 USD remained as profit – at least as much as the median company in the sector (12.5%). Five years ago the margin was −46.9%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light gray: not available

– latest balance sheet

Sector Technology: median 0.46 (65 symbols)

What does this mean? No usable figure: reported financial debt or positive equity for the same balance sheet date is missing.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light gray: none found

– Dividend / earnings per share

Sector Technology: median 30% (36 symbols)

What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light red: 4 loss years

3 of 7 fiscal years with a profit

What does this mean? In 3 of the last 7 fiscal years the bottom line showed a profit. 4 years ended with a loss.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
1.3B USD
Revenue vs. prior year
+205.7%
Net income (FY)
472.3M USD
Net income vs. prior year
+805.0%
EPS (FY)
2.51 USD
13F funds with a position
–
Funds vs. prior quarter
–
Shares held vs. prior quarter
–
Fiscal year to May 2, 2026 · 10-K filed Jun 15, 2026 · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2026May 2, 2026 1.3B472.3M 35.4% 2.51 – –
2025May 3, 2025 436.8M52.2M 11.9% 0.29 – –
2024Apr 27, 2024 193.0M−28.4M −14.7% −0.18 – –
2023Apr 29, 2023 184.2M−16.5M −9.0% −0.11 – –
2022Apr 30, 2022 106.5M−22.2M −20.8% −0.25 – –
2021Apr 30, 2021 58.7M−27.5M −46.9% −0.40 – –
2020Apr 30, 2020 53.8M1.3M 2.5% 0.00 – –
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q3/26Aug 1, 2026 479.0M129.4M 27.0% 0.67 – –
Q2/26*May 2, 2026 437.0M169.1M 38.7% – – –
Q1/26Jan 31, 2026 407.0M157.1M 38.6% 0.82 – –
Q4/25Nov 1, 2025 268.0M82.6M 30.8% 0.44 – –
Q3/25Aug 2, 2025 223.1M63.4M 28.4% 0.34 – –
Q2/25*May 3, 2025 170.0M36.6M 21.5% – – –
Q1/25Feb 1, 2025 135.0M29.4M 21.7% 0.16 – –
Q4/24Nov 2, 2024 72.0M−4.2M −5.9% −0.03 – –
Q3/24Aug 3, 2024 59.7M−9.5M −16.0% −0.06 – –
Q2/24*Apr 27, 2024 60.8M−10.5M −17.2% – – –
Q1/24Jan 27, 2024 53.1M428.0K 0.8% 0.00 – –
Q4/23Oct 28, 2023 44.0M−6.6M −15.0% −0.04 – –

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $105.7M6 people −$105.7M
6 months $00 people $218.8M9 people −$218.8M
12 months $00 people $426.7M10 people −$426.7M

Latest transactions

  • Oct 20, 2026 Cheng Chi Fung Officer, Director Open-market sale · 10b5-1 plan 1,000 shares · $176.5K · SEC
  • Oct 20, 2026 Cheng Chi Fung Officer, Director Open-market sale · 10b5-1 plan 3,300 shares · $578.5K · SEC
  • Oct 20, 2026 Cheng Chi Fung Officer, Director Open-market sale · 10b5-1 plan 6,190 shares · $1.1M · SEC
  • Oct 20, 2026 Cheng Chi Fung Officer, Director Open-market sale · 10b5-1 plan 7,420 shares · $1.3M · SEC
  • Oct 20, 2026 Cheng Chi Fung Officer, Director Open-market sale · 10b5-1 plan 3,690 shares · $636.5K · SEC
  • Oct 20, 2026 Cheng Chi Fung Officer, Director Open-market sale · 10b5-1 plan 1,523 shares · $261.0K · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score -25

Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows+0
Relative strength-15

Volatility and trend strength

ADX 14 (trend strength)17.5
Rel. strength 60 d−28.2%

ATR and moving averages as price values only when logged in.

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