Credo Technology Group Holding Ltd · Semiconductors

CRDO

Low riskAI: Chips and memoryNext report: Around Dec 2 (est.)

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The short version

A profitable company with growing sales.

Going well

Sales up 115% in the latest quarter vs a year ago
Profitable, keeps 35% of sales as profit
Sales up 206% last year

Watch out for

Share count growing 8.7% a year

Money moves

Insiders sold $38.4M in the last 30 days

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$151.15+2.6% that day

Company value: $28.4B; Share price times all shares
Price vs profit (P/E): 53.6x; You pay about $54 for each $1 of yearly profit
Price vs sales: 17.9x; Company value is 17.9 times a year of sales
Cash vs value: 2%; Cash as a share of company value

From CRDO's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Aug '26

$479.0M+115% vs a year earlier

Oct '23Tap a barAug '26

Last 12 months: $1.6B, up 165% from the 12 months before. Over 5 years, sales grew about 87% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of CRDO. Starting points are the company's recent numbers.

Sales growth+30% a yearRecently: +87% a yearProfit margin34%Last 12 months: 33.8%P/E at the end40xToday: 53.6x. Many steady companies trade at 12x to 25xShare count change+9% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$5.9B

Profit in 5 years$2.0B

Price these guesses point to$277.82+84% vs $151.15 todayAbout +13% a year, before dividends

What today's price needs: with a 34% margin and a 40x P/E, sales would have to grow about 15% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/7Mixed

PassReturn on equity 15%+Earns a lot on the money owners have in the business.38.3%
PassDebt under half of equityNot relying on borrowed money.No debt reported
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.35.4%
MissProfitable every yearSteady profits, not one good year.3 of 7 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$407.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+28.4% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.68.0%

Revenue: $1.3B; +205.7% vs prior year
5-year growth: +86.8%/yr; revenue, per year
Total debt: None; 0.00x equity
Current ratio: 10.82x; short-term assets / bills due

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Aug 1, 2026

Reported Sep 1

Revenue: $479.0M; +114.7% YoY
EPS: $0.67; vs $0.34
Op. margin: 25.2%; -2.0 pts
Gross margin: 64.5%; -2.9 pts
Free cash flow: $82.9M
Share count: +5.3%; vs a year ago

Insider rating

Last 90 days

25Selling

1 insider sold $1.0M (not pre-planned)
Pre-planned sales of $63.3M (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

37/ 100

This week: 2
Normal week: 3.3
vs normal: 0.6x

SEC filings of any kind. 50 means a normal week.

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+7.8%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

No debt reported

Shares outstandingLatest reported

188M

Why low risk

Share count growing 7.8% a year

Earnings reports

Last 12

Next reportAround Dec 2 (est.)Estimated from the same quarter last year

Results filedSep 1
Results filedJun 1
Results filedMar 2
Results filedFeb 9
Results filedSep 3, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

No offerings, red flags or new big holders. Clean record.

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$64.3M6 insiders, 10 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Chi Fung ChengChief Technology Officer	Sell	28K	$172.62	$4.7M	6M	Oct 20Filing ↗
-0.5% of their holdings $162.09 to $176.50 across 14 trades Held Cheng Huang Family Trust Pre-planned sale (10b5-1) Also Director Filed 2 days after
William Joseph BrennanPres & Chief Executive Officer	Sell	17K	$174.87	$2.9M	2M	Oct 19Filing ↗
-1% of their holdings $170.39 to $180.40 across 11 trades Held The Brennan Family Trust, DTD 09/06/2002 Pre-planned sale (10b5-1) Also Director Filed 2 days after
Chi Fung ChengChief Technology Officer	Sell	31K	$194.07	$6.1M	6M	Oct 13Filing ↗
-0.6% of their holdings $186.11 to $201.84 across 15 trades Traded Oct 12 to Oct 13 Held Cheng Huang Family Trust Pre-planned sale (10b5-1) Also Director Filed 1 day after
Pantas Sutardja,Director	Sell	2K	$212.22	$327K	6M	Oct 12Filing ↗
-0% of their holdings Pre-planned sale (10b5-1) Filed 2 days after
Daniel W. FlemingChief Financial Officer	Sell	8K	$212.91	$1.6M	492K	Oct 8Filing ↗
-1.5% of their holdings $211.28 to $215.08 across 5 trades Pre-planned sale (10b5-1) Filed 5 days after
Chi Fung ChengChief Technology Officer	Sell	28K	$221.48	$6.1M	6M	Oct 6Filing ↗
-0.5% of their holdings $211.06 to $226.18 across 13 trades Held Cheng Huang Family Trust Pre-planned sale (10b5-1) Also Director Filed 1 day after
Yat Tung LamChief Operating Officer	Sell	50K	$205.22	$10.3M	2M	Oct 1Filing ↗
-2.2% of their holdings Pre-planned sale (10b5-1) Also Director Filed 1 day after
James LaufmanChief Legal Officer, Secretary	Sell	5K	$205.00	$1.0M	164K	Oct 1Filing ↗
-3% of their holdings Not a pre-planned sale Filed 4 days after
Chi Fung ChengChief Technology Officer	Sell	28K	$193.93	$5.3M	6M	Sep 29Filing ↗
-0.5% of their holdings $189.65 to $198.61 across 9 trades Held Cheng Huang Family Trust Pre-planned sale (10b5-1) Also Director Filed 2 days after
Yat Tung LamChief Operating Officer	Sell	100K	$206.29	$20.6M	250K	Sep 25Filing ↗
-28.6% of their holdings $205.38 to $207.70 across 6 trades Held via Zhan BVI Co Ltd Pre-planned sale (10b5-1) Also Director Filed 4 days after
Chi Fung ChengChief Technology Officer	Sell	28K	$193.12	$5.3M	6M	Sep 23Filing ↗
-0.5% of their holdings $190.03 to $195.68 across 7 trades Held Cheng Huang Family Trust Pre-planned sale (10b5-1) Also Director Filed 2 days after