Credo Technology Group Holding
CRDO · Technology
$206.63
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Why Credo Technology Sank This Week
Credo Technology stock plunged 29.5% this week despite beating earnings expectations with 114.7% revenue growth and 130% EPS growth. The sell-off was driven by margin pressure, with GAAP gross margins falling to 64.5% from 68% last quarter, and higher-than-expected stock-based compensation. At a valuation of ~50x true forward earnings when accounting for stock dilution, investors viewed the results as insufficient given the company's already high valuation.
3 Millionaire-Maker Artificial Intelligence (AI) Stocks to Buy Now
The article highlights three AI infrastructure stocks—Astera Labs, Credo Technology, and Vertiv—that address critical bottlenecks in AI data center scaling. Astera Labs specializes in connectivity solutions with 93% YoY revenue growth and a $6.5B Amazon warrant agreement. Credo Technology manufactures active electrical cables with 272% YoY growth but faces customer concentration risks. Vertiv dominates power and cooling systems with a $15B backlog and strong positioning in liquid cooling demand.
Why Credo Technology Stock Plunged 20% Today
Credo Technology's stock dropped 20% despite beating Q1 2027 earnings estimates with 115% revenue growth and 131% earnings growth. The decline was driven by concerns over high customer concentration (three clients account for 74% of revenue), elevated valuation multiples (59x trailing earnings), and high volatility (beta of 3.2), despite strong guidance for Q2.
Credo's Optical Bet: Is a $600M+ Revenue Opportunity Taking Shape?
Credo Technology reported $479 million in Q1 FY2027 revenue, up 114.7% year-over-year, driven by strong demand for optical connectivity solutions in AI infrastructure. The company expects optical revenue to exceed $600 million in FY2027 with three product lines each contributing over $100 million. Competitors Marvell Technology and Astera Labs are also benefiting from the shift toward higher-speed connectivity and near-package optics in AI networks.
Marvell Technology (MRVL) Q2 Earnings and Revenues Beat Estimates
Marvell Technology reported Q3 2026 earnings of $0.94 per share, beating consensus estimates of $0.93, with revenues of $2.74 billion exceeding expectations by 1.03%. The stock has gained 188.4% year-to-date and holds a Zacks Rank #2 (Buy) rating. Meanwhile, Credo Technology Group is expected to report quarterly earnings of $1.16 per share (up 123.1% YoY) with revenues of $470.73 million when it reports on September 1.