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Credo Technology Group Holding Ltd (CRDO) stock falls on Q3 2026 Earnings

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Credo Technology Group Holding Ltd ($CRDO) reported Q3 2026 results with revenue of $407.0 million (up 201.5% year-over-year), gross profit of $278.9 million (up 224.5%), operating profit of $149.6 million (up 471.2%), and net income attributable to common shareholders of $157.1 million (up 435.2%).

Key income statement highlights:

  • Diluted earnings per share: 0.82 (up 412.5% year-over-year)
  • Cost of sales: $128.1 million (up 161.1%)
  • Cash flow and balance sheet snapshot:

  • Cash from operating activities: $61.7 million (up 1364.0%)
  • Purchases of property, plant and equipment: $23.2 million (capital spending pace up 404.6%)
  • Cash and cash equivalents: $1.22 billion (up 307.9%)
  • Total liabilities: $188.5 million (up 85.3%)
  • Estimates and market reaction:

  • Revenue estimate: $408.2 million vs actual $407.0 million
  • EPS estimate: 0.97 vs actual 0.82
  • Stock price change since market close: -7.45%
  • Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

    Credo Technology Group Holding Ltd Insider Trading Activity

    CRDO Insider Trades

    Credo Technology Group Holding Ltd insiders have traded $CRDO stock on the open market 365 times in the past 6 months. Of those trades, 0 have been purchases and 365 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 158 sales selling 807,500 shares for an estimated $121,959,856.
    • YAT TUNG LAM (Chief Operating Officer) has made 0 purchases and 39 sales selling 600,000 shares for an estimated $91,327,330.
    • WILLIAM JOSEPH BRENNAN (Pres & Chief Executive Officer) has made 0 purchases and 148 sales selling 335,424 shares for an estimated $49,122,402.
    • DANIEL W. FLEMING (Chief Financial Officer) has made 0 purchases and 7 sales selling 124,932 shares for an estimated $17,223,875.
    • LIP BU TAN has made 0 purchases and 3 sales selling 45,000 shares for an estimated $7,551,935.
    • JAMES LAUFMAN (Chief Legal Officer, Secretary) has made 0 purchases and 2 sales selling 20,000 shares for an estimated $2,900,019.
    • PANTAS SUTARDJA, has made 0 purchases and 3 sales selling 8,158 shares for an estimated $1,246,048.
    • MANPREET KHAIRA has made 0 purchases and 2 sales selling 7,000 shares for an estimated $1,098,361.
    • SYLVIA ACEVEDO has made 0 purchases and 3 sales selling 4,075 shares for an estimated $697,389.

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

    Credo Technology Group Holding Ltd Hedge Fund Activity

    We have seen 461 institutional investors add shares of Credo Technology Group Holding Ltd stock to their portfolio, and 338 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • CORIENT PRIVATE WEALTH LLC added 3,597,318 shares (+239024.5%) to their portfolio in Q4 2025, for an estimated $517,618,087
    • BLACKROCK, INC. added 3,586,875 shares (+20.5%) to their portfolio in Q4 2025, for an estimated $516,115,443
    • JPMORGAN CHASE & CO removed 1,904,946 shares (-24.7%) from their portfolio in Q4 2025, for an estimated $274,102,679
    • D. E. SHAW & CO., INC. removed 1,680,028 shares (-51.9%) from their portfolio in Q4 2025, for an estimated $241,739,228
    • AMUNDI added 1,554,338 shares (+28478.2%) to their portfolio in Q4 2025, for an estimated $223,653,694
    • PRICE T ROWE ASSOCIATES INC /MD/ removed 1,539,094 shares (-28.8%) from their portfolio in Q4 2025, for an estimated $221,460,235
    • JANUS HENDERSON GROUP PLC added 1,422,391 shares (+841.9%) to their portfolio in Q4 2025, for an estimated $204,667,840

    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 4 times in the past 6 months. Of those trades, 2 have been purchases and 2 have been sales.

    Here’s a breakdown of recent trading of $CRDO stock by members of Congress over the last 6 months:

    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 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • Mizuho issued a "Outperform" rating on 12/02/2025
    • 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

    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 10 analysts offer price targets for $CRDO in the last 6 months, with a median target of $187.5.

    Here are some recent targets:

    • Suji Desilva from Roth Capital set a target price of $200.0 on 02/10/2026
    • N. Quinn Bolton from Needham set a target price of $220.0 on 02/10/2026
    • Mike Genovese from Rosenblatt set a target price of $170.0 on 01/21/2026
    • Vivek Arya from B of A Securities set a target price of $240.0 on 12/02/2025
    • Vijay Rakesh from Mizuho set a target price of $225.0 on 12/02/2025
    • Thomas O'Malley from Barclays set a target price of $220.0 on 12/02/2025
    • Christopher Rolland from Susquehanna set a target price of $175.0 on 10/22/2025

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