Credo Technology Group Holding (CRDO) Stock Analysis
Technology · Semiconductors
Hold if already holding. Not a fresh buy at $266.00, but acceptable to hold if already in. Reasons: Concentration risk — Customer: top customer (67% of revenue) (67.0%); Concentration risk — Customer: top 10 customers (90.0%).
Credo Technology Group designs high-speed connectivity semiconductors — HiWire AECs, optical DSPs, line card PHYs, SerDes Chiplets, and IP — for hyperscale data centers, AI clusters, and carrier networks, generating $436.8 million in fiscal 2025 revenue. One customer accounted... Read more
Hold if already holding. Not a fresh buy at $266.00, but acceptable to hold if already in. Reasons: Concentration risk — Customer: top customer (67% of revenue) (67.0%); Concentration risk — Customer: top 10 customers (90.0%). Chart setup: No clear chart pattern; technical signals are mixed. Downgraded from BUY WAIT — price $264.76 has reached target $262.82. No upside to wait for. Score 6.6/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 82d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Credo Technology Group Holding
About Credo Technology Group Holding
Credo Technology Group's top customer accounted for 67% of total fiscal 2025 revenue, with the top 10 customers representing approximately 90% of the $436.8 million total revenue that fiscal year — a sharp jump from $193.0 million in fiscal 2024. The company's 507 engineers, based primarily in San Jose, mainland China, and Taiwan, develop connectivity semiconductors in the 100G-to-1.6T Ethernet and PCIe markets, with R&D spending of $146.0 million in fiscal 2025.
Credo generates product revenue from HiWire AECs, optical DSPs, line card PHYs, SerDes Chiplets, and PCIe retimers sold to hyperscalers, OEMs, ODMs, and optical module manufacturers; IP licensing revenue from SerDes IP engagements (more than 50 cumulative licensing deals) contributed 3% of fiscal 2025 revenue versus 15% in fiscal 2024. The fabless model outsources all IC wafer production exclusively to TSMC, with assembly and testing spread across Amkor, ASE, KYEC, Sigurd, and BizLink. The company's principal named competitors are Broadcom Ltd., Marvell Technology, Inc., and Astera Labs, Inc. Design wins, which involve 2-to-3 year development cycles before volume shipment, are the primary gate to revenue ramp; a failure to secure a design win at a hyperscale customer forfeits revenue for that product generation, as competitors qualify in and may hold that socket for subsequent generations.
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All of Credo's IC wafer production depends on TSMC — the company currently outsources all of its IC manufacturing to TSMC, with assembly and testing processes outsourced to subcontractors primarily in Asia. The United States imposed an across-the-board 10% tariff on all countries in April 2025, with individualized higher tariffs on China, where assembly partners and engineering resources are located. Any capacity shortage, geopolitical disruption affecting TSMC's Taiwan operations, or tariff escalation on semiconductor imports could weigh on Credo's ability to fulfill demand at current cost levels.
See also: Technology · Semiconductors
From Credo Technology Group Holding 's most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated 2026-06-12Recent Developments — Credo Technology Group Holding
Latest news
- NEWS Credo Technology Stock (CRDO) Opinions on Upcoming Earnings - Moomoo — Moomoo neutral
- NEWS Credo Technology Stock (CRDO) Opinions on Upcoming Earnings - Quiver Quantitative — Quiver Quantitative neutral
- NEWS Credo Technology (CRDO) slides 3.3% as traders de-risk ahead of earnings after a volatile session - Quiver Quantitative — Quiver Quantitative negative
- NEWS Credo Technology Group (NASDAQ:CRDO) Shares Up 3.4% - Still a Buy? - MarketBeat — MarketBeat positive
- NEWS Credo Technology Group Holding Ltd. (CRDO) is up 34.37% in one week: What you should know - MSN — MSN positive
Generated 2026-06-15T18:11:46Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomertop customer (67% of revenue)67%10-K Item 1A: 'we had one customer that accounted for 10% or more of our total revenue (such one customer accounting for 67% of total fiscal 2025 revenue)'
- HIGHCustomertop 10 customers90%10-K Item 1A: 'sales to our top 10 customers accounted for approximately 90% of our total revenue'
- HIGHSupplierTSMC10-K Item 1: 'In fiscal year 2025, we exclusively used Taiwan Semiconductor Manufacturing Company Limited (TSMC) for semiconductor wafer production'
Material Events(8-K, last 90d)
- 2026-06-01Item 5.02LOWOn May 28, 2026, the Board approved a special performance-based equity award for CEO William Brennan in the form of performance-based restricted stock units. No departure or new appointment; compensatory arrangement only.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers·2 ceiling hits
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $266.00, but acceptable to hold if already in. Reasons: Concentration risk — Customer: top customer (67% of revenue) (67.0%); Concentration risk — Customer: top 10 customers (90.0%). Chart setup: No clear chart pattern; technical signals are mixed. Downgraded from BUY WAIT — price $264.76 has reached target $262.82. No upside to wait for. Target $262.82 (-1.2%), stop $169.87 (−56.6%), A.R:R -0.9:1. Score 6.6/10, moderate confidence.
Take-profit target: $262.82 (+43.9% upside). Target $262.82 (-1.2%), stop $169.87 (−56.6%), A.R:R -0.9:1. Stop-loss: $169.87.
Concentration risk — Customer: top customer (67% of revenue) (67.0%); Concentration risk — Customer: top 10 customers (90.0%); Analyst target reached - limited upside remaining.
Credo Technology Group Holding trades at a P/E of 144.7 (forward 30.5). TrendMatrix value score: 3.4/10. Verdict: Hold.
27 analysts cover CRDO with a consensus score of 4.3/5. Average price target: $256.
What does Credo Technology Group Holding do?Credo Technology Group designs high-speed connectivity semiconductors — HiWire AECs, optical DSPs, line card PHYs,...
Credo Technology Group designs high-speed connectivity semiconductors — HiWire AECs, optical DSPs, line card PHYs, SerDes Chiplets, and IP — for hyperscale data centers, AI clusters, and carrier networks, generating $436.8 million in fiscal 2025 revenue. One customer accounted for 67% of fiscal 2025 revenue and the top 10 customers represented approximately 90%; all IC wafer production was outsourced exclusively to TSMC.