Credo Technology Group Holding Ltd (CRDO) reported fiscal first-quarter 2027 revenue of $479.0 million for the three months ended August 1, 2026, up 9.6% sequentially and 114.7% from a year earlier. GAAP net income was $129.4 million, or $0.70 per basic share and $0.67 per diluted share.
The company forecast fiscal second-quarter revenue of $525 million to $535 million. Credo reported $764.3 million in cash and short-term investments at quarter-end.
- GAAP gross margin was 64.5%, compared with 68.2% in the prior quarter.
- GAAP operating expenses totaled $188.4 million.
- GAAP operating income was $120.7 million.
- Second-quarter GAAP gross margin is projected at 62.9% to 64.9%.
- Second-quarter GAAP operating expenses are projected at $199 million to $204 million.
$CRDO Insider Trading Activity
$CRDO insiders have traded $CRDO stock on the open market 328 times in the past 6 months. Of those trades, 0 have been purchases and 328 have been sales.
Here’s a breakdown of recent trading of $CRDO stock by insiders over the last 6 months:
- CHI FUNG CHENG (Chief Technology Officer) has made 0 purchases and 198 sales selling 453,456 shares for an estimated $82,586,364.
- YAT TUNG LAM (Chief Operating Officer) has made 0 purchases and 52 sales selling 217,799 shares for an estimated $47,018,802.
- WILLIAM JOSEPH BRENNAN (Pres & Chief Executive Officer) has made 0 purchases and 47 sales selling 150,298 shares for an estimated $21,534,972.
- DANIEL W. FLEMING (Chief Financial Officer) has made 0 purchases and 25 sales selling 60,080 shares for an estimated $13,499,139.
- JAMES LAUFMAN (Chief Legal Officer, Secretary) has made 0 purchases and 3 sales selling 20,000 shares for an estimated $4,080,575.
- CLYDE HOSEIN sold 3,451 shares for an estimated $905,283
- SYLVIA ACEVEDO sold 2,208 shares for an estimated $465,888
- FARIBA DANESH sold 1,100 shares for an estimated $259,979
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CRDO Hedge Fund Activity
We have seen 635 institutional investors add shares of $CRDO stock to their portfolio, and 443 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CORIENT PRIVATE WEALTH LLC removed 3,596,199 shares (-99.9%) from their portfolio in Q1 2026, for an estimated $337,575,200
- JENNISON ASSOCIATES LLC added 2,408,196 shares (+974.6%) to their portfolio in Q2 2026, for an estimated $654,908,902
- WELLINGTON MANAGEMENT GROUP LLP removed 2,066,529 shares (-60.6%) from their portfolio in Q2 2026, for an estimated $561,992,561
- BLACKROCK, INC. removed 2,059,560 shares (-10.4%) from their portfolio in Q2 2026, for an estimated $560,097,342
- ALLIANCEBERNSTEIN L.P. removed 1,717,449 shares (-86.5%) from their portfolio in Q2 2026, for an estimated $467,060,255
- HRT FINANCIAL LP added 1,387,796 shares (+inf%) to their portfolio in Q2 2026, for an estimated $377,411,122
- QUBE RESEARCH & TECHNOLOGIES LTD added 1,342,314 shares (+inf%) to their portfolio in Q2 2026, for an estimated $365,042,292
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$CRDO Congressional Stock Trading
Members of Congress have traded $CRDO stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $CRDO stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $15,000 on 06/30.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
