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Credo makes connectivity products that are in high demand in the AI infrastructure build-out.
Revenue was a record in the fiscal Q3 of 2026 and is expected to jump 204% for the year.
Analysts are bullish on Credo in fiscal 2027, with earnings expected to grow another 49%.
Credo Technology Group Holding Ltd. (CRDO - Free Report) is riding high on the AI data center build-out. This Zacks Rank #1 (Strong Buy) is expected to grow revenue by 204.1% in fiscal 2026.
Credo's mission is to transform connectivity at scale. It makes high-speed copper and optical interconnect products to meet the ever-expanding data infrastructure demands of AI.
It's product portfolio includes ZeroFlap (ZF) Active Electrical Cables (AECs) and ZF optical transceivers, OmniConnect memory solutions, and a suite of retimers and DSPs for optical and copper Ethernet and PCIe. All leverage the PILOT diagnostic and analytics software platform.
Credo’s Fiscal 2027 Earnings Estimate Move Higher
Credo Technology has an excellent earnings surprise track record. It has not missed on earnings since 2022.
It is expected to report fiscal fourth quarter 2026 results on June 1, 2026. The Zacks Consensus is calling for $3.30 for fiscal 2026, up from $3.16 in the last 90 days.
This is earnings growth of 371.4% as the company made just $0.70 in fiscal 2025.
However, analysts are getting even more bullish about fiscal 2027.
One estimate has been raised in the last week for fiscal 2027, pushing the Zacks Consensus up to $4.92 from $4.69. That's further earnings growth of 49.1%.
Revenue is also soaring. In March, Credo reported record third quarter fiscal 2026 revenue of $407 million, up 51.9% from the prior quarter and 201% year-over-year. Revenue for the full fiscal year is expected to jump 204.1% to $1.33 billion.
Analysts are bullish about revenue in Fiscal 2027 as well, as the company continues to add new AI business. The Zacks Consensus on revenue is expected to jump 50.4% to $2 billion.
Here is what the price and earnings consensus looks like over the last 5 years.
Image Source: Zacks Investment Research
Credo and Rebellion to Team Up
On May 20, 2026, Credo announced that it was teaming up with South Korean firm Rebellion, a global leader in AI inference infrastructure, to bring turnkey, scalable AI factories to enterprises around the world.
The collaboration will integrate Credo's ZeroFlap active electrical cables (AECs) into the production-ready, high-performance Rebellions RebelPOD.
It will help enterprises accelerate time to first token and unlock AI cluster productivity.
Shares of Credo Break Out in 2026
It's been a volatile ride in Credo in 2026 but the shares have rebounded from a sell-off over the last 3 months and are easily outperforming the Invesco QQQ Trust ETF.
Image Source: Zacks Investment Research
Credo has an attractive forward price-to-earnings (P/E) ratio of 34.4. While this is not a value level at 15 or less, for a company expected to grow earnings in the triple digits this year, it is not stretched.
The company also ended the third quarter with cash and short-term investments of $1.3 billion.
For investors looking for a company making infrastructure products for the AI Revolution that might be a bit off the radar, but which also has strong growth, then Credo Technology should be on your short list.
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Bull of the Day: Credo Technology Group (CRDO)
Key Takeaways
Credo Technology Group Holding Ltd. (CRDO - Free Report) is riding high on the AI data center build-out. This Zacks Rank #1 (Strong Buy) is expected to grow revenue by 204.1% in fiscal 2026.
Credo's mission is to transform connectivity at scale. It makes high-speed copper and optical interconnect products to meet the ever-expanding data infrastructure demands of AI.
It's product portfolio includes ZeroFlap (ZF) Active Electrical Cables (AECs) and ZF optical transceivers, OmniConnect memory solutions, and a suite of retimers and DSPs for optical and copper Ethernet and PCIe. All leverage the PILOT diagnostic and analytics software platform.
Credo’s Fiscal 2027 Earnings Estimate Move Higher
Credo Technology has an excellent earnings surprise track record. It has not missed on earnings since 2022.
It is expected to report fiscal fourth quarter 2026 results on June 1, 2026. The Zacks Consensus is calling for $3.30 for fiscal 2026, up from $3.16 in the last 90 days.
This is earnings growth of 371.4% as the company made just $0.70 in fiscal 2025.
However, analysts are getting even more bullish about fiscal 2027.
One estimate has been raised in the last week for fiscal 2027, pushing the Zacks Consensus up to $4.92 from $4.69. That's further earnings growth of 49.1%.
Revenue is also soaring. In March, Credo reported record third quarter fiscal 2026 revenue of $407 million, up 51.9% from the prior quarter and 201% year-over-year. Revenue for the full fiscal year is expected to jump 204.1% to $1.33 billion.
Analysts are bullish about revenue in Fiscal 2027 as well, as the company continues to add new AI business. The Zacks Consensus on revenue is expected to jump 50.4% to $2 billion.
Here is what the price and earnings consensus looks like over the last 5 years.
Image Source: Zacks Investment Research
Credo and Rebellion to Team Up
On May 20, 2026, Credo announced that it was teaming up with South Korean firm Rebellion, a global leader in AI inference infrastructure, to bring turnkey, scalable AI factories to enterprises around the world.
The collaboration will integrate Credo's ZeroFlap active electrical cables (AECs) into the production-ready, high-performance Rebellions RebelPOD.
It will help enterprises accelerate time to first token and unlock AI cluster productivity.
Shares of Credo Break Out in 2026
It's been a volatile ride in Credo in 2026 but the shares have rebounded from a sell-off over the last 3 months and are easily outperforming the Invesco QQQ Trust ETF.
Image Source: Zacks Investment Research
Credo has an attractive forward price-to-earnings (P/E) ratio of 34.4. While this is not a value level at 15 or less, for a company expected to grow earnings in the triple digits this year, it is not stretched.
The company also ended the third quarter with cash and short-term investments of $1.3 billion.
For investors looking for a company making infrastructure products for the AI Revolution that might be a bit off the radar, but which also has strong growth, then Credo Technology should be on your short list.