Credo Technology Group (CRDO) Projected to Post Earnings on Monday

Credo Technology Group (NASDAQ:CRDO) is expected to announce its Q3 2026 results after the market closes on Monday, March 2nd. Analysts expect the company to announce earnings of $0.78 per share and revenue of $385.9390 million for the quarter. Individuals are encouraged to explore the company’s upcoming Q3 2026 earning overview page for the latest details on the call scheduled for Monday, March 2, 2026 at 5:00 PM ET.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings data on Monday, December 1st. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The company had revenue of $268.03 million during the quarter, compared to analysts’ expectations of $234.99 million. During the same period in the prior year, the company posted $0.07 EPS. The firm’s revenue for the quarter was up 272.1% on a year-over-year basis. On average, analysts expect Credo Technology Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Credo Technology Group Stock Down 5.1%

Shares of NASDAQ:CRDO opened at $124.06 on Monday. The company has a market cap of $22.41 billion, a PE ratio of 108.83 and a beta of 2.65. Credo Technology Group has a fifty-two week low of $29.09 and a fifty-two week high of $213.80. The firm has a 50-day simple moving average of $135.98 and a 200 day simple moving average of $143.67.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. TD Cowen reiterated a “buy” rating on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Roth Mkm lowered their price objective on Credo Technology Group from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. New Street Research set a $240.00 target price on Credo Technology Group in a research report on Tuesday, December 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Credo Technology Group in a report on Monday, December 29th. Finally, Mizuho upped their price target on shares of Credo Technology Group from $165.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $209.29.

Insider Transactions at Credo Technology Group

In other news, COO Yat Tung Lam sold 370,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $153.19, for a total transaction of $56,680,300.00. Following the transaction, the chief operating officer directly owned 400,000 shares of the company’s stock, valued at approximately $61,276,000. This trade represents a 48.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William Joseph Brennan sold 50,000 shares of Credo Technology Group stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $153.16, for a total transaction of $7,658,000.00. Following the sale, the chief executive officer owned 1,892,502 shares in the company, valued at approximately $289,855,606.32. This represents a 2.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 917,976 shares of company stock valued at $136,567,647. 11.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Credo Technology Group by 16.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock worth $80,000 after purchasing an additional 77 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased its position in shares of Credo Technology Group by 2.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 5,150 shares of the company’s stock valued at $741,000 after purchasing an additional 100 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of Credo Technology Group by 14.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 861 shares of the company’s stock worth $125,000 after buying an additional 111 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Credo Technology Group by 3.0% in the 4th quarter. Principal Securities Inc. now owns 4,661 shares of the company’s stock worth $671,000 after buying an additional 137 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC lifted its holdings in shares of Credo Technology Group by 1.5% in the fourth quarter. Wealthedge Investment Advisors LLC now owns 9,357 shares of the company’s stock valued at $1,346,000 after buying an additional 137 shares during the period. 80.46% of the stock is currently owned by institutional investors.

About Credo Technology Group

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.