Credo Technology Group Holding (CRDO) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $1.20
- Estimate
- $1.17
- Surprise
- +2.7%
- Revenue (period 2026-08-01)
- $479.0M
- Score today
- 6.5/10
Revenue source: xbrl.
How the report landed
Credo Technology Group Holding (CRDO) beat the $1.17 estimate with diluted EPS of $1.20 — a modest 2.7% upside surprise.
Where TrendMatrix's rating stands now
TrendMatrix currently rates CRDO Buy (Wait) at 6.5/10; no pre/post engine snapshot brackets this report.
4 of the last 4 quarters beat the estimate; this quarter's +2.7% surprise compares with a +16.0% four-quarter average. Next scheduled report: 2026-11-30.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=8.6 in RISK_OFF)
- Strong earnings beat streak (4/4)
What argues against it
- Concentration risk — Customer: single customer (67% of revenue) (67.0%)
- Concentration risk — Customer: top 10 customers (~90% of revenue) (90.0%)
- Sector modifier (Technology): -0.8
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $163.38
- Entry target
- $175.21
- Price target
- $253.25
- Stop
- $147.08
- Upside to target
- +55.0%
- Reward-to-risk
- 3.7:1
The stock trades at 57.4× trailing but 16.8× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 22 — a level conventionally read as oversold.
Model outputs from TrendMatrix’s engine as of 2026-09-14 — shown for context, not personalized investment advice.
CRDO at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Semiconductors
- Market cap
- $30.63B
- P/E (fwd)
- 16.8
- P/E (ttm)
- 57.4
- 52-week range
- $86.48–$308.67
- Off 52-week high
- 47.1%
- RSI (14)
- 22
- Volume vs avg
- 0.82×
- Score today
- 6.5/10