Credo Technology Group Holding Ltd reports results for the quarter ended April 30 - Earnings Summary
Credo Technology Group Holding Ltd reports results for the quarter ended April 30 - Earnings Summary
Credo Technology Group Holding Ltd CRDO.OQ reported quarterly adjusted earnings of $1.16 per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 35 cents. The mean expectation of fourteen analysts for the quarter was for earnings of $1.03 per share. Wall Street expected results to range from $1.07 to $1.23 per share.
Revenue rose 157% to $437.00 million from a year ago; analysts expected $432.05 million.
Credo Technology Group Holding Ltd's reported EPS for the quarter was 88 cents.
The company reported quarterly net income of $129.43 million.
Credo Technology Group Holding Ltd shares had fallen by 16.8% this quarter and gained 57.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts was unchanged in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"
Wall Street's median 12-month price target for Credo Technology Group Holding Ltd is $290.00, about 22% above its last closing price of $226.19
This summary was machine generated from LSEG data September 1 at 09:39 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Apr. 30 2026 | 1.03 | 1.16 | Beat |
Jan. 31 2026 | 1.03 | 1.07 | Beat |
Oct. 31 2025 | 0.96 | 0.67 | Missed |
Jul. 31 2025 | 0.36 | 0.67 | Beat |