Credo Technology Group Holding (CRDO) Stock Analysis
Breakout setup
Technology · Semiconductors
Wait for pullback to $227.22. Recent C-suite change — blocks BUY_NOW at $239.20. Engine's entry $227.22 (5% below current) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Customer: largest customer (67.0%); Concentration risk — Customer: top 10 customers (90.0%).
Credo Technology Group designs high-speed Ethernet connectivity solutions — Active Electrical Cables, optical DSPs, PCIe retimers, SerDes Chiplets, and SerDes IP — sold primarily to hyperscale data centers and AI infrastructure operators. The company generated $436.8 million in... Read more
Wait for pullback to $227.22. Recent C-suite change — blocks BUY_NOW at $239.20. Engine's entry $227.22 (5% below current) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Customer: largest customer (67.0%); Concentration risk — Customer: top 10 customers (90.0%). Chart setup: Golden cross, above all MAs, RSI 56, MACD bullish. Fundamentals strong but target reached (-3.6% upside). Wait for pullback. Score 6.9/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 78d 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 generated $436.8 million in total revenue in fiscal 2025, up from $193.0 million in fiscal 2024, with one customer accounting for 67% of fiscal 2025 revenue and the top 10 customers collectively representing approximately 90%. The company designs connectivity ICs, Active Electrical Cables, optical DSPs, PCIe retimers, SerDes Chiplets, and SerDes IP addressing 100G through emerging 1.6T Ethernet markets, with 507 engineers on staff as of May 3, 2025 and R&D expenses of $146.0 million in fiscal 2025.
Credo earns revenue from product sales (97% of fiscal 2025 total) and IP licensing (3%). The company operates a fabless model, exclusively using TSMC for semiconductor wafer production in fiscal 2025, with assembly and testing outsourced to Amkor, ASE, KYEC, and BizLink. Products target hyperscalers, OEMs, ODMs, and optical module manufacturers requiring high-speed, low-power connectivity. The company has more than 50 IP licensing engagements and continuously develops SerDes technology in process nodes including 3nm to serve licensing customers whose logic requires advanced fabrication. Principal competitors include Broadcom, Marvell Technology, and Astera Labs, each of which competes with some but not all of Credo's solutions. R&D at $146.0 million represented roughly 33% of fiscal 2025 revenue, reflecting the intensity of proprietary mixed-signal architecture development.
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Credo's exclusive use of TSMC for all wafer fabrication in fiscal 2025 — with no alternative foundry in production — means any TSMC capacity constraint, geopolitical disruption affecting Taiwan, or yield problem could halt production entirely. The 10-K explicitly lists capacity shortages during periods of high demand as a material risk, and notes that qualifying an alternative manufacturing contractor requires significant time. This foundry dependency is compounded by a single-customer concentration of 67%: a simultaneous supply disruption and demand reduction from that customer could compress revenue and block production recovery at the same time.
See also: Technology · Semiconductors
From Credo Technology Group Holding 's most recent 10-K filing, extracted June 16, 2026.
Recent developments
updated 2026-06-17Recent 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 2026-06-17T08:41:50Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomerlargest customer67%10-K Item 1: 'we had one customer that accounted for 10% or more of our total fiscal 2025 (such one customer accounting for 67% of total fiscal 2025 revenue)'
- HIGHCustomertop 10 customers90%10-K Item 1: '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, Credo's Board approved a special performance-based equity award for CEO William Brennan in the form of performance-based restricted stock units. Compensatory arrangement; no departure or appointment.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
1 floor-breaker·2 ceiling hits
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $227.22. Recent C-suite change — blocks BUY_NOW at $239.20. Engine's entry $227.22 (5% below current) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Customer: largest customer (67.0%); Concentration risk — Customer: top 10 customers (90.0%). Chart setup: Golden cross, above all MAs, RSI 56, MACD bullish. Fundamentals strong but target reached (-3.6% upside). Wait for pullback. Target $264.81 (+10.7%), stop $211.31 (−13.2%), Setup A.R:R 2.4:1. Score 6.9/10, moderate confidence.
Take-profit target: $264.81 (+16.5% upside). Target $264.81 (+10.7%), stop $211.31 (−13.2%), Setup A.R:R 2.4:1. Stop-loss: $211.31.
Concentration risk — Customer: largest customer (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 102.9 (forward 29.8). TrendMatrix value score: 3.6/10. Verdict: Buy (Wait for Entry).
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 Ethernet connectivity solutions — Active Electrical Cables, optical DSPs,...
Credo Technology Group designs high-speed Ethernet connectivity solutions — Active Electrical Cables, optical DSPs, PCIe retimers, SerDes Chiplets, and SerDes IP — sold primarily to hyperscale data centers and AI infrastructure operators. The company generated $436.8 million in total revenue in fiscal 2025, with one customer accounting for 67% of that total; product sales comprised 97% of revenue. Credo operates a fabless model, exclusively using TSMC for wafer fabrication.