Credo Technology Group Holding Ltd (CRDO) Earnings — Q2 2026

Credo Technology Group Holding Ltd (CRDO) — Q2 2026 Results

Key top-line and profitability metrics for the quarter:

Total revenue: $268.0 million, up 272.1% year-over-year.

Gross profit: $181.0 million, up 297.8% year-over-year.

Cost of sales: $87.0 million, up 228.0% year-over-year.

Operating profit: $78.8 million (year-over-year change: -1,037.3%).

Net income attributable to common shareholders: $82.6 million (year-over-year change: -2,055.9%).

Diluted earnings per share: $0.44 (year-over-year change: -1,566.7%).

Cash flow and balance sheet highlights:

Cash from operating activities: $54.2 million, up 426.7% year-over-year.

Purchases of property, plant and equipment: -$2.8 million, down 87.2% year-over-year.

Cash and cash equivalents: $567.6 million, up 137.2% year-over-year.

Total liabilities: $163.2 million, up 131.0% year-over-year.

How results compared with consensus:

Revenue beat the estimate of $239.6 million, exceeding consensus by about $28.4 million.

Diluted EPS of $0.44 missed the estimate of $0.50 by roughly $0.06.

Takeaways:

Revenue and gross profit showed substantial year-over-year growth, indicating strong demand or expansion in the business during Q2 2026.

Despite higher top-line results, the company reported large negative year-over-year percentage moves in operating profit, net income and EPS metrics, signaling meaningful prior-period differences or one-time items affecting comparability.

Balance sheet strength is notable, with a large cash balance of $567.6 million and materially positive operating cash flow, which provides flexibility for reinvestment or strategic initiatives.

Credo Technology Group Holding Ltd Insider Trading Activity

Credo Technology Group Holding Ltd insiders have traded $CRDO stock on the open market 273 times in the past 6 months. Of those trades, 0 have been purchases and 273 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 116 sales selling 994,641 shares for an estimated $117,516,534.
WILLIAM JOSEPH BRENNAN (Pres & Chief Executive Officer) has made 0 purchases and 92 sales selling 375,904 shares for an estimated $48,280,535.
LIP BU TAN has made 0 purchases and 15 sales selling 541,545 shares for an estimated $47,445,826.
YAT TUNG LAM (Chief Operating Officer) has made 0 purchases and 28 sales selling 230,000 shares for an estimated $34,648,780.
DANIEL W. FLEMING (Chief Financial Officer) has made 0 purchases and 9 sales selling 136,448 shares for an estimated $17,660,948.
JAMES LAUFMAN (Chief Legal Officer, Secretary) has made 0 purchases and 3 sales selling 25,000 shares for an estimated $2,540,721.
PANTAS SUTARDJA, has made 0 purchases and 8 sales selling 8,158 shares for an estimated $1,205,416.
MANPREET KHAIRA sold 5,000 shares for an estimated $748,361
CLYDE HOSEIN sold 2,000 shares for an estimated $156,973

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Credo Technology Group Holding Ltd Hedge Fund Activity

We have seen 379 institutional investors add shares of Credo Technology Group Holding Ltd stock to their portfolio, and 291 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PRICE T ROWE ASSOCIATES INC /MD/ added 4,544,587 shares (+563.8%) to their portfolio in Q3 2025, for an estimated $661,737,313
BLACKROCK, INC. added 2,674,627 shares (+18.1%) to their portfolio in Q3 2025, for an estimated $389,452,437
MORGAN STANLEY removed 1,818,795 shares (-57.1%) from their portfolio in Q3 2025, for an estimated $264,834,739
NORGES BANK removed 1,627,579 shares (-93.3%) from their portfolio in Q2 2025, for an estimated $150,697,539
CAPITAL RESEARCH GLOBAL INVESTORS removed 1,537,071 shares (-41.0%) from their portfolio in Q3 2025, for an estimated $223,812,908
BANK OF AMERICA CORP /DE/ added 1,406,752 shares (+161.5%) to their portfolio in Q3 2025, for an estimated $204,837,158
NEUBERGER BERMAN GROUP LLC removed 1,333,871 shares (-73.1%) from their portfolio in Q3 2025, for an estimated $194,224,956

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Credo Technology Group Holding Ltd Congressional Stock Trading

Members of Congress have traded $CRDO stock 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 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. purchased up to $15,000 on 10/30.
REPRESENTATIVE ROBERT BRESNAHAN purchased up to $15,000 on 06/03.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

Credo Technology Group Holding Ltd Analyst Ratings

Wall Street analysts have issued reports on $CRDO in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Susquehanna issued a "Positive" rating on 10/22/2025
Barclays issued a "Overweight" rating on 10/07/2025
William Blair issued a "Outperform" rating on 09/18/2025
Roth Capital issued a "Buy" rating on 09/04/2025
TD Cowen issued a "Buy" rating on 09/04/2025
Stifel issued a "Buy" rating on 09/02/2025
Mizuho issued a "Outperform" rating on 08/14/2025

To track analyst ratings and price targets for Credo Technology Group Holding Ltd, check out Quiver Quantitative's $CRDO forecast page.

Credo Technology Group Holding Ltd Price Targets

Multiple analysts have issued price targets for $CRDO recently. We have seen 8 analysts offer price targets for $CRDO in the last 6 months, with a median target of $160.0.

Here are some recent targets:

Christopher Rolland from Susquehanna set a target price of $175.0 on 10/22/2025
Joseph Cardoso from JP Morgan set a target price of $165.0 on 10/17/2025
Thomas O'Malley from Barclays set a target price of $165.0 on 10/07/2025
Tore Svanberg from Stifel set a target price of $155.0 on 09/04/2025
Vijay Rakesh from Mizuho set a target price of $155.0 on 09/04/2025
Suji Desilva from Roth Capital set a target price of $160.0 on 09/04/2025
Joshua Buchalter from TD Cowen set a target price of $160.0 on 09/04/2025