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

Key Points

• Credo Technology Group is scheduled to report fiscal Q1 2027 results after the market closes on September 1, 2026. Analysts expect earnings of $1.17 per share on revenue of approximately $472 million.
• The company’s latest quarter exceeded expectations, with EPS of $1.16 versus a $1.02 consensus estimate and revenue of $437 million, up 157% year over year.
• CRDO shares opened at $222.61, while analysts maintain a “Moderate Buy” consensus rating and an average price target of $268.39. Insiders have sold roughly $101 million of stock over the past 90 days, mostly under pre-arranged trading plans.

Credo Technology Group (NASDAQ:CRDO - Get Free Report) is expected to be posting its Q1 2027 results after the market closes on Tuesday, September 1st. Analysts expect Credo Technology Group to announce earnings of $1.17 per share and revenue of $472.0450 million for the quarter. Interested persons may review the information on the company's upcoming Q1 2027 earning overview page for the latest details on the call scheduled for Tuesday, September 1, 2026 at 5:00 PM ET.

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $431.80 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The firm's revenue for the quarter was up 157.0% on a year-over-year basis. During the same period in the prior year, the business posted $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 Down 3.5%

CRDO opened at $222.61 on Tuesday. The firm's fifty day simple moving average is $240.76 and its two-hundred day simple moving average is $183.84. Credo Technology Group has a 52-week low of $86.49 and a 52-week high of $308.67. The company has a market cap of $41.51 billion, a price-to-earnings ratio of 89.76, a PEG ratio of 1.05 and a beta of 3.23.

Insider Buying and Selling at Credo Technology Group

In related news, COO Yat Tung Lam sold 55,441 shares of the company's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $213.02, for a total transaction of $11,810,041.82. Following the completion of the sale, the chief operating officer owned 2,529,169 shares of the company's stock, valued at approximately $538,763,580.38. This represents a 2.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $243.06, for a total transaction of $6,684,150.00. Following the completion of the sale, the chief technology officer owned 5,882,370 shares of the company's stock, valued at approximately $1,429,768,852.20. The trade was a 0.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 435,076 shares of company stock valued at $101,043,506. Insiders own 11.84% of the company's stock.

Hedge Funds Weigh In On Credo Technology Group

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Credo Technology Group by 23.4% during the fourth quarter. State Street Corp now owns 4,486,320 shares of the company's stock worth $645,537,000 after buying an additional 849,654 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Credo Technology Group by 66.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company's stock worth $283,778,000 after acquiring an additional 1,218,504 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Credo Technology Group by 161.5% during the 3rd quarter. Bank of America Corp DE now owns 2,278,073 shares of the company's stock worth $331,710,000 after acquiring an additional 1,406,752 shares during the period. Wellington Management Group LLP raised its holdings in shares of Credo Technology Group by 47.8% during the 3rd quarter. Wellington Management Group LLP now owns 1,624,690 shares of the company's stock worth $236,571,000 after acquiring an additional 525,585 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Credo Technology Group by 841.9% during the 4th quarter. Janus Henderson Group PLC now owns 1,591,348 shares of the company's stock valued at $228,979,000 after acquiring an additional 1,422,391 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CRDO shares. Bank of America upped their price target on shares of Credo Technology Group from $252.00 to $340.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Jefferies Financial Group lifted their price objective on Credo Technology Group from $225.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, June 2nd. Susquehanna boosted their price objective on Credo Technology Group from $235.00 to $250.00 and gave the stock a "positive" rating in a research note on Tuesday, July 21st. Rosenblatt Securities reissued a "neutral" rating and set a $215.00 target price on shares of Credo Technology Group in a report on Monday. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $250.00 price target on shares of Credo Technology Group in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $268.39.

About Credo Technology Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source