Credo Technology Group (CRDO) Expected to Release Earnings on Tuesday

Credo Technology Group (NASDAQ:CRDO) is expected to release its Q1 2027 results after the market closes on Tuesday, September 1st. Analysts expect the company to announce earnings of $1.17 per share and revenue of $473.2960 million for the quarter. Individuals may visit the the company’s upcoming Q1 2027 earning overview page for the latest details on the call scheduled for Tuesday, September 1, 2026 at 5:00 PM ET.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings data on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.14. The business had revenue of $437.00 million for the quarter, compared to the consensus estimate of $431.80 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The company’s quarterly revenue was up 157.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 earnings per share. On average, analysts expect Credo Technology Group to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Credo Technology Group Price Performance

Shares of NASDAQ:CRDO opened at $232.75 on Monday. Credo Technology Group has a 12 month low of $86.49 and a 12 month high of $308.67. The firm has a market capitalization of $43.74 billion, a PE ratio of 93.85, a P/E/G ratio of 1.06 and a beta of 3.23. The business has a 50-day moving average of $238.64 and a two-hundred day moving average of $187.33.

Analyst Ratings Changes

CRDO has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Credo Technology Group from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Evercore assumed coverage on Credo Technology Group in a research report on Monday, June 22nd. They issued an “outperform” rating and a $325.00 target price on the stock. Bank of America boosted their price objective on Credo Technology Group from $252.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Credo Technology Group in a research report on Friday, August 21st. Finally, Stifel Nicolaus upped their price objective on Credo Technology Group from $250.00 to $350.00 and gave the company a “buy” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Credo Technology Group presently has a consensus rating of “Moderate Buy” and an average price target of $268.39.

Insiders Place Their Bets

In other Credo Technology Group news, COO Yat Tung Lam sold 55,441 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $213.02, for a total transaction of $11,810,041.82. Following the transaction, the chief operating officer owned 2,529,169 shares in the company, valued at $538,763,580.38. This trade represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel W. Fleming sold 7,580 shares of Credo Technology Group stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $245.88, for a total value of $1,863,770.40. Following the completion of the transaction, the chief financial officer owned 504,708 shares in the company, valued at $124,097,603.04. The trade was a 1.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 435,076 shares of company stock valued at $101,043,506 over the last quarter. Insiders own 11.84% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Alberta Investment Management Corp acquired a new stake in Credo Technology Group during the fourth quarter worth about $4,000,000. Mercer Global Advisors Inc. ADV raised its holdings in Credo Technology Group by 28.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,010 shares of the company’s stock valued at $1,236,000 after acquiring an additional 2,001 shares in the last quarter. Braeburn Wealth Management LLC acquired a new position in Credo Technology Group in the 4th quarter valued at approximately $702,000. Vident Advisory LLC lifted its position in shares of Credo Technology Group by 7.2% in the 4th quarter. Vident Advisory LLC now owns 3,776 shares of the company’s stock worth $543,000 after acquiring an additional 252 shares during the period. Finally, Delta Global Management LP bought a new stake in shares of Credo Technology Group in the 4th quarter worth approximately $2,211,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Credo Technology Group Company Profile

Credo Technology Group, Inc (NASDAQ: CRDO) is a fabless semiconductor company that develops high‑speed connectivity solutions for cloud, enterprise and telecommunications infrastructure. The company focuses on semiconductors and related IP that enable reliable, low‑latency movement of large volumes of data between servers, switches and optical modules in data centers and network equipment.

Credo’s product portfolio centers on high‑speed analog and mixed‑signal devices designed to preserve signal integrity and extend reach over copper and optical links.