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Credo Technology Group (CRDO) perpetual futures
CRDO perpetual futures on 21 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade CRDOUSDT.
Credo Technology Group provides high-speed connectivity solutions for optical and electrical Ethernet, including ICs, AECs, and SerDes IP.
$128.59-6.7%NASDAQ open
Price chart
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TradingView symbol NASDAQ:CRDO
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Trading data
Perpetual market activity
21/21 live markets
Trading data
Perpetual market activity
Venues
21
Live markets
21/21
24h volume
$24.8MCoverage: 19/21 marketsExchange-reported volume: $28.7M
Open interest
$3.5MCoverage: 16/21 markets
Best liquidity
$1.1M
MEXC
Tightest spread
+3.9 bps
MEXC
Highest volume
$10.1M
Deepcoin
Settlement mix
USDT · 17/21
Perp/spot vol.
0.04x
Spot volume $669.5M
OI / float
+0.02%
Float $21.8B
Spot performance
1D-1.13%
5D+12.09%
1M-29.50%
6M-26.17%
YTD-2.84%
1Y-2.20%
Venue matrix
21 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | CRDO/USDT | Trading | $128.67 | 0.0% APR 0.000% every 8h | +5.5 bps | - | $7.1M | $926K | USDT | - | |
 KuCoin | Trade | CRDO/USDT | Trading | $128.66 | 0.0% APR 0.000% every 8h | +51.8 bps | $26.8K | $813.1K | $196.6K | USDT | 20x | |
 Bybit | Trade | CRDO/USDT | Trading | $128.58 | 0.0% APR 0.000% every 8h | +17.2 bps | $42.2K | $712.8K | $482K | USDT | 25x | |
 OKX | Trade | CRDO/USDT | Trading | $128.64 | 0.0% APR 0.000% every 8h | +11.7 bps | $25.6K | $654.7K | $302.5K | USDT | 20x | |
 Bitget | Trade | CRDO/USDT | Trading | $128.60 | 0.0% APR 0.000% every 8h | +10.2 bps | $333.8K | $643.5K | $563.8K | USDT | 20x | |
 GRVT | Trade | CRDO/USDT | Trading | $128.63 | 0.0% APR 0.000% every 8h | +14.1 bps | $344K | $256.7K | $452.8 | USDT | - | |
 MEXC | Trade | CRDO/USDT | Trading | $128.59 | 0.0% APR 0.000% every 8h | +3.9 bps | $1.1M | $200.9K | $152.4K | USDT | 50x | |
 Bitunix | Trade | CRDO/USDT | Trading | $128.64 | +1.3% APR +0.00118% every 8h | +21.2 bps | $1M | $196K | $14.1K | USDT | 20x | |
 XT.com | Trade | CRDO/USDT | Trading | $128.59 | +11.0% APR +0.010% every 8h | +11.8 bps | $59.9K | $164.4K | - | USDT | 20x | |
 Hyperliquid HIP-3 | Trade | para:CRDO | Trading | $128.35 | +6.6% APR +0.00075% every 1h | +70.6 bps | $199.6K | $126.9K | $577.8K | USDC | 10x | |
 Gate.io | Trade | CRDO/USDT | Trading | $128.42 | 0.0% APR 0.000% every 8h | +22.7 bps | $34.4K | $90.1K | $131.1K | USDT | 20x | |
 Aster | Trade | CRDOUSDT | Trading | $128.65 | 0.0% APR 0.000% every 8h | +20.4 bps | $20.3K | $41.8K | $2.1K | USDT | - | |
 HTX | Trade | CRDO/USDT | Trading | $128.62 | 0.0% APR 0.000% every 8h | +134.8 bps | $12.4K | $21.2K | $6.9K | USDT | - | |
 BloFin | Trade | CRDO/USDT | Trading | $128.66 | +2.7% APR +0.00246% every 8h | +5.5 bps | $375.2K | $8.9K | $37.1K | USDT | 20x | |
 Crypto.com Exchange | Trade | CRDO/USD | Trading | $128.54 | +45.0% APR +0.00513% every 1h | +16.5 bps | $4.6K | $2.4K | $537.3 | USD | 50x | |
 Extended | Trade | CRDO/USD | Trading | $128.44 | +4.4% APR +0.00050% every 1h | +38.9 bps | - | $0 | $0 | USD | 5x | |
 Vest | Trade | CRDO/USDC | Trading | $128.34 | +5.0% APR +0.00057% every 1h | +43.2 bps | - | - | - | USDC | 5x | |
 Deepcoin | Trade | CRDO/USDT | Trading | $128.69 | +11.0% APR +0.010% every 8h | +5.5 bps | $47.3K | $10.1M | - | USDT | 25x | |
 LBank | Trade | CRDO/USDT | Trading | $128.67 | 0.0% APR 0.000% every 8h | +3.9 bps | $609.7K | $2M | - | USDT | 50x | |
 BingX | Trade | CRDO-USDT | Trading | $128.69 | +5.5% APR +0.00500% every 8h | +6.3 bps | $521.9K15 min | $1.6M | - | USDT | - | |
 Ourbit | Trade | CRDO/USDT | Trading | $128.64 | 0.0% APR 0.000% every 8h | +4.7 bps | $399.3K | $3.9M⚠ | $109.6K | USDT | 50x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| CRDOBbStocks | $127.11 | -1.15% | $1.8M | $501k | BNB Smart Chain (BEP20) |
| rCRDOTokenized | $137.56 | +6.97% | $59k | $45k | Arbitrum |
| CRDORobinhood | – | – | – | $6k | Robinhood Chain |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 16 of 21 venues absorb $10k · Typical cost: +13.0 bps – +27.1 bps
Cheapest execution: MEXC · +8.4 bps
Too thin: Gate.io, Crypto.com Exchange
No fresh book data: HTX, Extended, Vest
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
CRDOTightest spread
CRDOHighest volume
CRDOFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketNext catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2026-12-01
Revenue est. $532M · Updated 1m ago
No unusual perp activity right now.
Reference data
Market context
Reference data
Market context
NASDAQ
Extended-hours reference
Bid127.26
Ask128.17
Volume1,886,100
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 20276.30$2.5B+87%12
FY 20289.67$3.9B+54%12
FY 202912.38$5B+30%5
FY 203013.60$5.7B+13%1
FY 203113.45$6.2B+10%2
Q3 20272.22$878M+83%7
Source: FMP · Consensus
Company events
62026-12-01EarningsActual - / Estimate 1.29-
2026-09-01Earnings · After market closeActual 1.20 / Estimate 1.17Beat
2026-06-01EarningsActual 1.16 / Estimate 1.02Beat
2026-03-02EarningsActual 1.07 / Estimate 0.912Beat
2025-12-01EarningsActual 0.67 / Estimate 0.492Beat
2025-09-03EarningsActual 0.52 / Estimate 0.361Beat
Peer comparison
Similar listed perpsRevenue mix
Latest annualReportable SegmentProduct$1.3B
UNITED STATESGeographic$768.1M
HONG KONGGeographic$378.2M
REST OF THE WORLDGeographic$85.2M
Analysts
Price targets in USD| Consensus rating | Buy |
|---|---|
| Average 12-month price target | $272.91 |
| 12-month target range (low – high) | $235 – $310 |
| Ratings in the provider's consensus | 16 |
Price targets as of 2026-11-13
Analyst rating history
Ratings| Month | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| Nov 2026 | 5 | 14 | 1 | 0 | 0 |
| Oct 2026 | 5 | 14 | 1 | 0 | 0 |
| Sep 2026 | 5 | 14 | 1 | 0 | 0 |
| Aug 2026 | 4 | 14 | 1 | 0 | 0 |
| Jul 2026 | 4 | 14 | 1 | 0 | 0 |
| Jun 2026 | 4 | 14 | 1 | 0 | 0 |
| May 2026 | 4 | 13 | 1 | 0 | 0 |
| Apr 2026 | 4 | 12 | 1 | 0 | 0 |
| Mar 2026 | 4 | 11 | 1 | 0 | 0 |
| Feb 2026 | 4 | 11 | 1 | 0 | 0 |
| Jan 2026 | 4 | 11 | 1 | 0 | 0 |
| Dec 2025 | 4 | 11 | 1 | 0 | 0 |
Ownership
Institutional · 2026-Q2Free float90.1%169.4M shares
Shares outstanding188M shares
Institutional72.2%1,049 investors
Investor count change+277
Reference market activity
CRDO-PERPDay range (Nov 12)$132$144.42
52 week$86.49$308.67
Spot volume5.2M
Average volume-
Price performance
111D-1.1%
5D+12.1%
1M-29.5%
3M-47.4%
6M-26.2%
YTD-2.8%
1Y-2.2%
3Y+755.1%
5Y+1,100.1%
10Y+1,100.1%
MAX+1,100.1%
Insider activity
FY2026 Q4Acquisitions7 transactions207,332 shares
Dispositions82 transactions420,614 shares
Purchases0Ratio 0.09
Sales74
Insider transactions
25DateReporting persontransactionssharesPriceFilings
CTO Cheng Chi Fung reported open-market sales (S-Sale) of 27,500 Credo ordinary shares over 13 transactions at $155.315-$168.016; 5,552,897 shares remained held after.
Credo Technology Group CTO Cheng Chi Fung sold 23,200 ordinary shares (code S) on 2026-10-20 in 12 trades at $162.09–$174.28, leaving 5,584,197 shares owned.
Filings
77 · Latest SEC filings2026-10-294Insider transaction report (Form 4)
CTO Cheng Chi Fung reported open-market sales (S-Sale) of 27,500 Credo ordinary shares over 13 transactions at $155.315-$168.016; 5,552,897 shares remained held after.
2026-10-224Insider transaction report (Form 4)
Credo Technology Group CTO Cheng Chi Fung sold 23,200 ordinary shares (code S) on 2026-10-20 in 12 trades at $162.09–$174.28, leaving 5,584,197 shares owned.
2026-10-214Insider transaction report (Form 4)
Credo Technology CEO William Brennan sold 16,666 ordinary shares in 11 open-market sales on Oct 19, 2026 at $170.39–$180.40 per share, leaving 1,584,164 shares held.
2026-10-144Insider transaction report (Form 4)
Credo Technology director Pantas Sutardja was awarded 1,222 ordinary shares (A-Award) and sold 1,540 ordinary shares at $212.22 (S-Sale), per a Form 4 filed 2026-10-14.
2026-10-144Insider transaction report (Form 4)
CTO Cheng Chi Fung sold 31,290 ordinary shares in 15 open-market trades at $186.11–$201.84, leaving 5.61M shares owned.
2026-10-144Insider transaction report (Form 4)
Credo Technology Group director Fariba Danesh received an award of 1,222 ordinary shares on Oct 13, 2026, at $0.00, bringing her holdings to 8,239 shares. This was a grant of compensation, not an open-market purchase.
2026-10-144Insider transaction report (Form 4)
Credo Technology Group director Sylvia Acevedo was awarded 1,222 ordinary shares under an A-Award grant (not an open-market purchase), raising her holdings to 17,559 shares.
2026-10-144Insider transaction report (Form 4)
Credo Technology Group director Manpreet Khaira received an A-Award of 1,222 ordinary shares on 2026-10-13 at $0.00, a grant of compensation rather than a purchase, bringing holdings to 59,336 shares.
2026-10-144Insider transaction report (Form 4)
Credo Technology Group director Clyde Hosein received 1,222 ordinary shares via an A-Award (compensation grant, not a purchase) on 2026-10-13, leaving 18,072 shares owned.
2026-10-144Insider transaction report (Form 4)
Director Brian Kelleher received an award of 1,222 ordinary shares of Credo Technology Group on 2026-10-13, at $0.00, leaving 7,267 shares owned.
2026-10-134Insider transaction report (Form 4)
Credo Technology CFO Daniel W. Fleming sold 7,580 ordinary shares across 5 open-market S-Sale transactions on 2026-10-08 at $211.284-$215.0759, leaving 492,208 shares owned.
2026-10-094Insider transaction report (Form 4)
Credo Technology Group director and COO Lam Yat Tung reported a gift of 200,000 ordinary shares on 2026-10-07, a transfer of existing shares with no open-market purchase or sale.
2026-10-074Insider transaction report (Form 4)
Credo Technology CTO Cheng Chi Fung sold 27,500 Ordinary Shares across 13 open-market sales at $211.06-$226.175, and 2,460 shares were withheld for taxes at $218.64. He still owned about 5.63M shares after the October 6, 2026 transactions.
2026-10-074Insider transaction report (Form 4)
Credo Technology Group COO Lam Yat Tung reported the disposal of 3,180 ordinary shares at $218.64 per share on Oct 5, 2026, a tax-withholding (F-InKind) transaction, leaving 2,247,809 shares owned.
2026-10-064Insider transaction report (Form 4)
Credo Technology Group director and CEO Brennan William Joseph disposed of 12,298 ordinary shares on Oct 2 and Oct 5, 2026 via F-InKind tax withholding at $210.17-$218.64 per share.
2026-10-064Insider transaction report (Form 4)
Credo Technology CFO Daniel W. Fleming reported two F-InKind tax-withholding dispositions on Oct 2 and 5, 2026, totaling 4,920 ordinary shares at $210.17-$218.64. He held 499,788 shares after.
2026-10-054Insider transaction report (Form 4)
Credo Technology Group officer James Laufman (Chief Legal Officer, Secretary) sold 5,000 ordinary shares at $205 on Oct 1, 2026, leaving 164,223 shares owned.
2026-10-024Insider transaction report (Form 4)
Credo Technology director and COO Lam Yat Tung sold 50,000 ordinary shares at $205.22 and had 3,180 shares withheld for taxes at $210.17 (F-InKind), a disposition. He also gifted 75,000 shares at $0.00, receiving 75,000 and disposing 75,000, leaving 2,250,989 shares owned.
2026-10-014Insider transaction report (Form 4)
Credo Technology Group director and CTO Cheng Chi Fung sold 27,500 ordinary shares in 9 open-market transactions on 2026-09-29 at prices from $189.6467 to $198.6145; he still owned 5,662,397 shares afterward.
2026-09-294Insider transaction report (Form 4)
Credo Technology director/officer Lam Yat Tung sold 100,000 ordinary shares in 6 open-market sales at $205.38-$207.70, and gifted 175,000 shares (2 gifts, $0.00).
2026-09-254Insider transaction report (Form 4)
Credo Technology Group director and CTO Cheng Chi Fung sold 27,500 ordinary shares across 7 open-market transactions on 2026-09-23 at prices from $190.0306 to $195.6814. He held 5,689,897 shares after the sales.
2026-09-234Insider transaction report (Form 4)
Credo Technology officer James Laufman (Chief Legal Officer, Secretary) sold 5,000 ordinary shares at $185 on 2026-09-21, leaving 169,223 shares owned.
2026-09-214Insider transaction report (Form 4)
Credo Technology Group director and CTO Cheng Chi Fung sold 27,500 Ordinary Shares in 6 open-market sales on 2026-09-17 at prices from $164.1203 to $169.10. He held 5,717,397 shares after.
2026-09-164Insider transaction report (Form 4)
Credo Technology CEO Brennan William Joseph sold 16,672 Ordinary Shares in 4 open-market sales on Sept 14, 2026, at prices from $150.39 to $153.39. He held 1,600,830 shares afterward.
2026-09-154Insider transaction report (Form 4)
Credo Technology Group director and CTO Cheng Chi Fung sold 27,500 Ordinary Shares in 4 open-market sales on 2026-09-11 at $160.99-$163.88, leaving 5,744,897 shares owned.
2026-09-094Insider transaction report (Form 4)
Credo Technology CTO Cheng Chi Fung sold 3,790 ordinary shares at $170 on Sep 4, 2026, leaving 136,568 shares owned.
2026-08-214Insider transaction report (Form 4)
On 2026-08-19, the reporting person disposed of 7,379 ordinary shares at $245.97 each in a tax-withholding transaction (Code F), leaving 174,223 shares owned.
2026-08-044Insider transaction report (Form 4)
Credo Technology Group (CRDO) COO Lam Yat Tung sold 105,441 ordinary shares on 2026-07-31 in 14 open-market sales at prices from $209.83 to $216.49. He still holds about 2.5M shares after the sales.
2026-08-044Insider transaction report (Form 4)
Credo Technology Group (CRDO) CTO Cheng Chi Fung sold 27,473 ordinary shares across 13 open-market transactions on 2026-07-31 at prices from $201.22 to $215.35, leaving 5,772,597 shares owned after the reported sales.
2026-07-294Insider transaction report (Form 4)
Credo Technology CTO Cheng Chi Fung sold 27,500 ordinary shares in 20 open-market transactions on 2026-07-27, at prices ranging from $197.94 to $218.79 per share.
2026-07-234Insider transaction report (Form 4)
CTO Cheng Chi Fung sold 27,500 ordinary shares on 2026-07-21 across 8 trades at prices ranging from $217.32 to $224.39, leaving 5,827,370 shares owned afterward.
2026-07-164Insider transaction report (Form 4)
COO Lam Yat Tung sold 50,000 ordinary shares in 18 separate open-market transactions on 2026-07-15 at prices ranging from $218.36 to $235.99. He retained 356,500 shares after these sales began, per the reported holdings.
2026-07-164Insider transaction report (Form 4)
Credo Technology COO Lam Yat Tung sold 35,623 ordinary shares in 12 open-market transactions on 2026-07-15 at $224.36-$235.99, leaving 2.58M shares owned.
2026-07-164Insider transaction report (Form 4)
CTO Cheng Chi Fung sold 27,500 ordinary shares in 14 open-market transactions on 2026-07-14 at prices ranging from $236.34 to $250.28. He retained about 5.85M shares afterward.
2026-07-154Insider transaction report (Form 4)
Credo CEO William Brennan gifted 150,000 ordinary shares in two transactions on 2026-07-13, while a related transaction shows 75,000 shares received as a gift. No shares were bought or sold.
2026-07-134Insider transaction report (Form 4)
CFO Daniel W. Fleming sold 7,580 Credo Technology (CRDO) ordinary shares across 10 trades on 2026-07-08 at prices from $240.61 to $249.61. After the sales, he owned 504,708 shares.
2026-07-094Insider transaction report (Form 4)
CTO Cheng Chi Fung sold 31,290 ordinary shares of Credo Technology across 18 transactions on the open market at prices ranging from $236.58 to $258.71. After these sales, he retained roughly 5.88M shares.
2026-07-074Insider transaction report (Form 4)
Credo Technology CTO Cheng Chi Fung had 2,460 Ordinary Shares withheld for taxes at $241.91 on 2026-07-05, leaving 144,148 shares owned afterward.
2026-07-074Insider transaction report (Form 4)
Credo Technology CFO Daniel W. Fleming had 2,460 Ordinary Shares withheld to cover taxes at $241.91 on 2026-07-05, leaving 512,288 shares owned afterward. This was tax withholding, not an open-market sale.
2026-07-074Insider transaction report (Form 4)
CEO William Brennan had 6,149 Credo ordinary shares withheld to cover taxes on 2026-07-05 at $241.91 per share, leaving 366,480 shares owned afterward. This was a tax withholding, not an open-market sale.
2026-07-064Insider transaction report (Form 4)
Credo Technology COO Lam Yat Tung had 6,361 Ordinary Shares withheld to cover taxes in two transactions (July 1 and July 5, 2026), at prices between $241.91 and $259.09. This was tax withholding, not an open-market trade.
2026-07-024Insider transaction report (Form 4)
CRDO CFO Daniel Fleming converted 25,000 performance-based RSUs into 25,000 ordinary shares, then had 12,298 shares withheld to cover taxes.
2026-07-024Insider transaction report (Form 4)
Director Clyde Hosein sold 3,451 ordinary shares of Credo Technology at $262.325 per share, leaving 16,850 shares owned afterward.
2026-07-024Insider transaction report (Form 4)
CEO Brennan converted 50,000 performance-based RSUs into 50,000 ordinary shares (exercise price $116), then had 25,824 shares withheld to cover taxes at $259.09-$271.95 per share.
2026-07-024Insider transaction report (Form 4)
Credo Technology CTO Cheng Chi Fung sold 27,500 ordinary shares across 21 separate open-market transactions on 2026-06-30, at prices ranging from $245.12 to $274.94 per share, retaining roughly 5.91M shares afterward.
2026-06-254Insider transaction report (Form 4)
Credo Technology COO Lam Yat Tung gifted 7,000 ordinary shares on 2026-06-23, leaving 2,646,969 shares owned afterward.
2026-06-254Insider transaction report (Form 4)
CTO Cheng Chi Fung sold 27,500 ordinary shares on 2026-06-23 across 14 transactions at prices ranging from $266.40 to $281.05. After these sales, he retained about 5.94M shares.
2026-06-184Insider transaction report (Form 4)
Credo Technology CTO Cheng Chi Fung sold 27,500 ordinary shares across 17 open-market transactions on 2026-06-16 at prices ranging from $239.60 to $257.61, retaining roughly 5.96M shares afterward.
2026-06-174Insider transaction report (Form 4)
Credo Technology CEO William Joseph Brennan gifted 7,500 ordinary shares on 2026-06-15, leaving him with 1,767,502 shares owned afterward. This was a gift, not a purchase or sale for value.
2026-06-154Insider transaction report (Form 4)
Credo Technology CFO Daniel W. Fleming had 11,805 shares withheld for taxes at $237.68, and sold 40,000 shares across 11 trades at prices ranging from $242.50 to $252.37.
2026-06-154Insider transaction report (Form 4)
James Laufman, Chief Legal Officer and Secretary of Credo Technology Group, sold 5,000 ordinary shares on 2026-06-11 at $264.485 per share, leaving 181,230 shares owned afterward.
2026-06-154Insider transaction report (Form 4)
Credo Technology COO Lam Yat Tung had 6,360 Ordinary Shares withheld to cover taxes at $237.68 on 2026-06-10, leaving 2,653,969 shares owned afterward. This was a tax withholding, not an open-market sale.
2026-06-154Insider transaction report (Form 4)
Credo Technology CEO William Joseph Brennan had 19,675 ordinary shares withheld to cover taxes at $237.68 each, leaving 347,652 shares owned afterward. This was a tax-withholding transaction, not an open-market sale.
2026-06-114Insider transaction report (Form 4)
Credo Technology CTO Cheng Chi Fung gifted 5,000 ordinary shares, sold 27,500 shares in 20 open-market trades at $243.10-$266.68, and had 4,919 shares withheld for tax at $237.68.
2026-06-114Insider transaction report (Form 4)
Director Fariba Danesh sold 1,100 ordinary shares at $236.345 on 2026-06-09, leaving 7,017 shares owned afterward.
2026-06-094Insider transaction report (Form 4)
President & CEO William Joseph Brennan sold 54,984 ordinary shares in 28 open-market transactions between $206.4031 and $233.4613 per share.
2026-06-094Insider transaction report (Form 4)
Director Sylvia Acevedo sold 2,208 ordinary shares of Credo Technology at $211 on 2026-06-05, leaving 16,337 shares owned afterward.
2026-06-084Insider transaction report (Form 4)
Credo Technology's Chief Legal Officer James Laufman sold 5,000 ordinary shares on 2026-06-04 at $222.81 per share, leaving 186,230 shares owned afterward.
2026-06-054Insider transaction report (Form 4)
Cheng Chi Fung (CTO and director) sold 7,259 ordinary shares of Credo Technology on 2026-06-03 at $212.3096 per share, leaving 151,527 shares owned afterward.
2026-05-264Insider transaction report (Form 4)
Fariba Danesh, a director at Credo Technology Group, was awarded 890 ordinary shares as compensation on 2026-05-23, bringing her total holdings to 8,117 shares. This was a grant, not an open-market purchase.
2026-05-264Insider transaction report (Form 4)
Credo Technology Group CTO Cheng Chi Fung received a grant of 50,000 ordinary shares on 2026-05-23, bringing his total ownership to 158,786 shares. This was a compensation award, not an open-market purchase.
2026-05-264Insider transaction report (Form 4)
Credo Technology CFO Daniel W. Fleming was awarded 120,000 ordinary shares as compensation on 2026-05-23, bringing his total holdings to 553,678 shares.
2026-05-264Insider transaction report (Form 4)
CEO William Joseph Brennan was awarded 200,000 ordinary shares of Credo Technology on 2026-05-23 as compensation, bringing his ownership to 422,311 shares. This was a grant, not an open-market purchase.
2026-05-264Insider transaction report (Form 4)
Credo Technology COO Lam Yat Tung received an award grant of 50,000 ordinary shares on 2026-05-23, a compensation grant rather than a market purchase, bringing his total holdings to 2,660,329 shares.
2026-05-214Insider transaction report (Form 4)
James Laufman, Credo's Chief Legal Officer, had 7,379 ordinary shares withheld on 2026-05-19 to cover taxes, at $168.99 per share, leaving 191,230 shares owned.
2026-05-054Insider transaction report (Form 4)
Credo Technology CTO Cheng Chi Fung sold 27,500 ordinary shares on the open market in 12 transactions at prices ranging from $172.62 to $184.78, leaving 6,024,870 shares owned afterward.
2026-04-294Insider transaction report (Form 4)
Credo Technology CTO Cheng Chi Fung sold 27,500 ordinary shares across 12 open-market trades on 2026-04-27, at prices ranging from $177.11 to $190.50, leaving 6,052,370 shares owned afterward.
Transcripts
Earnings callsFY2026 Q42026-06-01
Earnings calls
AI summary
positiveCredo delivered record FY2026 revenue of $1.3B with non-GAAP net income of $662M, more than 5x growth, while maintaining 68.1% gross margins. Q4 revenue of $437M exceeded entire FY2025 revenue. The company expects FY2027 revenue growth exceeding 80% with optical portfolio (ZeroFlap optics, silicon photonics PICs, and optical DSPs) expected to contribute over $600M total, each segment exceeding $100M individually.
Key takeaways
- FY2026 revenue of $1.3B, up 206% YoY; Q4 revenue $437M with 68.3% non-GAAP gross margin and $226.7M non-GAAP net income
- Dust Photonics acquisition closed last week, adding silicon photonics PIC technology with initial CPO/NPO revenue expected in FY2028
- FY2027 guidance: mid-single digit sequential growth H1, inflection in H2 with 80%+ total year revenue growth; optical portfolio targeting $600M+ revenue
- Optical business expected to contribute equally with copper AEC business to growth; each optical segment (DSPs, SiPho PICs, ZeroFlap optics) targeting 80%+ YoY growth individually
- ALC and OmniConnect emerging products expected to begin production ramps in FY2028; strong diversification across hyperscalers and Neo Cloud operators
Financial highlights
- FY2026: Revenue $1.3B (+206% YoY), non-GAAP gross margin 68.1% (+310 bps), non-GAAP net income $662M (+500% growth), EPS $3.46 (+392%)
- Q4 FY2026: Revenue $437M (+7% sequential, +157% YoY), non-GAAP gross margin 68.3%, non-GAAP net income $226.7M, operating margin 49.6%, net margin 51.9%
- Q4 cash flow from operations $182.2M, free cash flow $177.5M, ending cash $1.4B (before ~$750M Dust Photonics acquisition in Q1 FY2027)
- FY2027 guidance: Q1 revenue $465-475M, non-GAAP gross margin 67-69%, operating expenses $86-90M, diluted share count ~199M shares
Guidance
- FY2027: Total revenue growth 80%+ YoY; optical portfolio expected to contribute $600M+, with each segment (DSPs, SiPho PICs, ZeroFlap optics) exceeding $100M
- Q1 FY2027: Revenue $465-475M, non-GAAP gross margin 67-69%, operating expenses $86-90M
- FY2027 gross margin expected broadly consistent with FY2026 levels (~68%); non-GAAP operating expenses increase ~50% YoY (well below revenue growth)
- H1 FY2027 guided to mid-single digit sequential growth; H2 inflection driven by optical ramp; FY2027 non-GAAP net margin expected ~50%
Q&A themes
- Optical portfolio composition: All three segments (discrete DSPs, silicon photonics PICs, ZeroFlap optics) growing 80%+ YoY; ZeroFlap expected to be largest revenue contributor due to 3-digit ASPs vs 2-digit component ASPs
- Supply chain management: Secured capacity commitments across components with diverse process nodes (12nm, 7nm, 5nm, 3nm); strong relationships with foundries; confident in aggressive H2 ramp with potential 2-3x growth following year
- Customer diversification: Neo Cloud operators emerging as meaningful opportunity, expected to reach ~20% of revenue over coming years; continuing to diversify across hyperscalers with potential for further penetration
- 1.6T transition timing: Fiscal 2027 expected to have relatively light 200 gig per lane revenue as industry transition delayed; customers designing dual-port architectures for flexibility; all products ready for production when customers deploy
Risks
- Customer concentration risk: 4 customers represented 10%+ of Q4 revenue (ranging 10-34%); company expects 3-4 customers to exceed 10% in coming quarters despite diversification efforts
- Supply chain tightness and tariff regime: Significant tightness noted across semiconductor supply chain; company notes current tariff regime remains fluid and could impact guidance
- 1.6T transition timing uncertainty: Industry transition from 800G to 1.6T delayed; customers deploying flexible architectures adds execution complexity; ramp timing dependent on individual customer strategies and platform maturity
FY2026 Q32026-03-02
Earnings calls
AI summary
positiveCredo delivered record Q3 revenue of $407M (up 52% sequentially, >200% YoY) with non-GAAP gross margin of 68.6% and net income of $209M, driven by strong demand across hyperscalers and new wins including a fifth customer. The company expects Q4 revenue of $425-435M and FY2027 revenue growth exceeding 50% year-over-year, supported by ramping AEC products, ZeroFlap Optics beginning production in Q1 FY2027, and new product categories including active LED cables and OmniConnect gearboxes.
Key takeaways
- Record Q3 revenue of $407M with 68.6% non-GAAP gross margin and $209M non-GAAP net income; top 3 customers each >10% of revenue
- ZeroFlap Optics production ramp pulled forward to Q1 FY2027 with 4 customers in qualification (3 hyperscalers, 1 Neocloud); first customer Tensor Wave already shipping production units
- FY2027 guidance: $425-435M Q4 revenue, 50%+ YoY growth, mid-single digit sequential growth; expects AEC and IC growth plus material ZeroFlap contribution
- Three new product families expanding TAM: ZeroFlap Optics (optical), Active LED Cables sampling/qualifying in FY2027 with FY2028 ramp, and OmniConnect gearboxes (FY2028 production ramp)
- Acquired Chimera IP for protocol IP, error correction and security technologies to strengthen end-to-end connectivity solutions
Financial highlights
- Q3 revenue: $407M (up 52% sequentially, >200% YoY); Q4 guidance: $425-435M
- Q3 non-GAAP gross margin: 68.6% (up 92 bps sequentially); Q4 guidance: 64-66%
- Q3 non-GAAP operating margin: 49.6% (up 327 bps); non-GAAP net income: $208.8M (up 63% sequentially)
- Q3 operating cash flow: $166.2M; free cash flow: $139.7M; ending cash: $1.3B (up $488M from Q2)
Guidance
- Q4 FY2026 revenue: $425-435M; non-GAAP gross margin: 64-66%; non-GAAP OpEx: $76-80M
- FY2027 sequential revenue growth: mid-single digits, leading to >50% year-over-year growth
- ZeroFlap Optics significant production ramp beginning Q1 FY2027; ALCs sampling/qualifying in FY2027 with FY2028 production ramp
- OmniConnect gearbox first product production ramp in FY2028; PCIe Gen6 AECs mass production in H1 FY2027
Q&A themes
- ZeroFlap Optics ramp pulled in 6 months due to strong customer pull; currently in qualification with 4 customers (hyperscalers and Neoclouds); expects >4 customers ramping in FY2027
- AECs and optical solutions are complementary not competitive; AECs dominate scale-out networks (100-200 gig/lane, up to 7m reach); optical solutions address longer reach; CPO considered future technology with low single-digit switching market share expected near-term
- FY2027 revenue composition: continued AEC growth plus material ZeroFlap Optics contribution; FY2028 adds ALCs and first OmniConnect gearbox; non-AEC products expected material but not majority of mix
- Supply chain well-positioned across 12nm-3nm wafers and packaging; confident supporting plan and upside; ZeroFlap Optics supply underpinned for FY2027 and beyond; no near-term supply constraints
Risks
- Gross margin guidance for Q4 (64-66%) down sequentially from Q3 (68.6%) due to conservative forecasting and potential product mix variation; company maintains long-term 63-65% gross margin expectation
- Customer concentration risk: top 3 customers represented >80% of Q3 revenue; company expects 3-4 customers >10% of revenue going forward
- New product execution risk: ZeroFlap Optics ramping ahead of original schedule with production dependence on customer pull; ALCs and OmniConnect gearboxes not ramping until FY2028
FY2026 Q22025-12-01
Earnings calls
AI summary
positiveCredo delivered record quarterly revenue of $268 million (up 20% sequentially, 272% year-over-year) with non-GAAP gross margin of 67.7% and net income of $127.8 million. The company announced three transformative new growth pillars—Zero Flap optics, Active LED Cables (ALCs), and OmniConnect gearboxes—expanding total addressable market to over $10 billion from $1 billion previously. AEC products continue strong growth with a fifth hyperscaler now contributing revenue.
Key takeaways
- Q2 revenue of $268M (+272% YoY, +20% sequentially) with record non-GAAP net income of $127.8M and 47.7% net margin
- Five hyperscalers now customers; fourth and fifth contributing revenue; top 4 each exceeded 10% of Q2 revenue (largest at 42%)
- Three new product categories target multibillion-dollar markets: Zero Flap optics (initial FY27 revenue), ALCs (FY28 ramp, 2x AEC TAM potential), OmniConnect gearboxes including Weaver (FY28 revenue)
- Acquired Hyperlume microLED team to accelerate ALC development; company maintains long-term gross margin guidance of 63-65% despite current 67.7%
- Q3 guidance: $335-345M revenue (+27% sequential at midpoint), 64-66% non-GAAP gross margin, $68-72M OpEx
Financial highlights
- Q2 revenue: $268M (20% sequential growth, 272% YoY growth)
- Non-GAAP gross margin: 67.7% (up 11 bps sequentially); product gross margin: 66.8%
- Non-GAAP net income: $127.8M (up 30% sequentially); non-GAAP net margin: 47.7%
- Operating cash flow: $61.7M; free cash flow: $38.5M; cash and equivalents: $813.6M
Guidance
- Q3 FY2026 revenue guidance: $335-345M (27% sequential growth at midpoint)
- Q3 non-GAAP gross margin: 64-66%; OpEx: $68-72M; diluted weighted average shares: ~194M
- FY26 guidance: Mid-single digit sequential revenue growth through end of FY26 and into FY27; 170%+ YoY growth for FY26
- FY26 OpEx expected to grow ~50% YoY; non-GAAP net margin expected ~45% for FY26
Q&A themes
- ALC market opportunity: Management estimates ALC TAM could be double the AEC TAM driven by 10x increase in number of connections as networks scale from intra-rack to row scale; driven by both unit volume and ASP expansion
- Customer concentration and diversification: Fourth hyperscaler ramped to 10%+; fifth hyperscaler began contributing; company expects 3-4 customers at 10%+ in coming quarters; long-term path to more diversified customer base
- Supply chain management: No near-term AEC supply constraints with Bizlink; broader wafer capacity tightening expected for advanced nodes; company has advantage using 12nm (less constrained than 3nm/5nm); foundry partners prioritize connectivity solutions as critical to GPU shipments
- Competitive positioning and IP protection: Company filed ITC case to protect AEC IP; licensing agreements in place with potential competitors; competition focuses on execution (speed to market, qualification, volume ramp, quality) rather than ASP compression; moving to system-level solutions to avoid commodity competition
Risks
- Tariff regime fluid and could impact guidance; company noted current guidance based on current tariff environment
- Customer concentration risk: Top 4 customers comprised significant revenue portion in Q2 (largest at 42%); customer ramps not linear and can pause unexpectedly
- Advanced node wafer capacity expected to become constrained across industry by calendar 2026, potentially impacting IC product growth trajectory
FY2026 Q12025-09-03
Earnings calls
AI summary
positiveCredo achieved record quarterly results driven by robust adoption of active electrical cables (AECs) across four hyperscaler customers and momentum in optical DSP solutions for AI infrastructure. The company guides Q2 revenue of $230-240M (mid-single digit sequential growth) with ~40% non-GAAP net margin expected for FY2026. Management expects 120% year-over-year growth in FY2026 with continued customer diversification and expansion into PCIe retimers and optical solutions.
Key takeaways
- Record Q1 revenue of $223.1M with three existing 10% customers (35%, 33%, 20% mix) plus material ramp from fourth hyperscaler; expect fourth customer to exceed 10% threshold in FY2026
- AEC market expanding from inter-rack to rack-to-rack solutions with 100 gig per lane adoption driving growth; PCIe retimer design wins expected in calendar 2025 with production revenue in calendar 2026
- Optical DSP business on track to double FY2026 revenue; 1.6 terabits per second solutions moving to 3nm technology for power efficiency, expected in production shortly
- Management pursuing diversification across products (AECs, optical, retimers), protocols (PCIe, Ethernet, others), and customer base; expects multiple growth waves over 2-5 years
Financial highlights
- Q1 revenue $223.1M (31% sequential, 274% YoY); product revenue $217.1M
- Non-GAAP gross margin 67.6% (up 20 bps sequentially); product gross margin 66.7%
- Non-GAAP operating income $96.2M; non-GAAP net income $98.3M (51% sequential increase)
- Non-GAAP net margin 44.1%; operating margin 43.1% (635 bps sequential improvement); free cash flow $51.3M
Guidance
- Q2 FY2026 revenue guidance $230-240M (5% sequential midpoint); non-GAAP gross margin 64-66%
- Non-GAAP OpEx guidance $56-58M for Q2; expect OpEx to increase less than 50% year-over-year in FY2026
- FY2026 expected to deliver ~120% year-over-year revenue growth with mid-single digit sequential growth; expect non-GAAP net margin approximately 40% in coming quarters and full year
- Diluted weighted average share count approximately 190M for Q2
Q&A themes
- AEC adoption expanding from intra-rack to rack-to-rack solutions driven by reliability, power efficiency, and cluster density improvements; Credo positioned to serve both scale-out and scale-up networks
- PCIe protocol viewed as near-term scale-up opportunity with broadening customer base beyond initial two large players; Credo agnostic to 200 gig per lane protocol choice as all use same SerDes
- Optical DSP growth expected to continue at 800 gig per lane while 1.6 terabits per second transition takes longer than initially forecasted; supply constraints in optical not expected to impair DSP business
- Customer ramp patterns non-linear by design; largest FY2025 customer expected to remain largest in FY2026 with significant year-over-year growth despite recent quarterly fluctuations
Risks
- Customer concentration remains at three hyperscalers representing 35-20% of revenue each; tariff regime described as fluid with potential impact on guidance
- Optical 1.6 terabits per second market adoption timeline uncertain; industry transition from 800 gig taking longer than analyst forecasts
- Patent litigation settlements with cable vendors (Amphenol, Volex) may enable increased competition; management notes AEC market large enough for multiple winners but competitive dynamics could evolve
FY2025 Q42025-06-02
Earnings calls
FY2025 Q32025-03-04
Earnings calls
Company news
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Company data
Company intelligence
Updated: Nov 13, 2026, 01:17 PM UTC
Company data
Company intelligence
Company profile
- Sector
- Technology
- Industry
- Semiconductors
- Chief executive
- William J. Brennan
- Employees
- 807
- IPO date
- Jan 27, 2022
- Country
- KY
- Exchange
- NASDAQ Global Select
Altman Z-scorei75.58
Piotroski scorei3/9
Overall ratingiB+
Owner earningsi$124.09M$0.64 per share
ESG risk ratingiBIndustry rank: 14/21
Rating factors
- Return on equityi
- 5/5
- Return on assetsi
- 5/5
- Debt to equityi
- 5/5
- Price to earningsi
- 1/5
- Price to booki
- 1/5
Company press releases
Credo to Showcase 1.6T Optical Connectivity Solutions for AI Scale-Out Fabrics at ECOC 2026Business WireCredo Expands ZeroFlap Portfolio with 224G-Based 1.6T Optical Transceivers, Addressing the Growing Demand for AI Network InfrastructureBusiness WireCredo to Showcase High-Speed Connectivity Innovations Driving Next-Generation AI Infrastructure at AI Infra 2026Business WireCredo Technology Group Holding Ltd Reports First Quarter of Fiscal Year 2027 Financial ResultsBusiness WireCredo Joins Open CPX MSA OrganizationBusiness WireCredo to Contribute OmniConnect Scale-In Interconnect Solution to the Open Compute Project to Address AI Inference Memory WallBusiness Wire
Congressional disclosures
Senate
Markwayne MullinSale (Full) · $15,001 - $50,000Disclosed: Jan 13, 2026Markwayne MullinSale (Full) · $15,001 - $50,000Disclosed: Jan 13, 2026Markwayne MullinPurchase · $1,001 - $15,000Disclosed: Feb 27, 2025Markwayne MullinPurchase · $15,001 - $50,000Disclosed: Jan 31, 2025Markwayne MullinPurchase · $15,001 - $50,000Disclosed: Jan 31, 2025
House
Gilbert Ray CisnerosSale (Full) · $1,001 - $15,000Disclosed: Sep 7, 2026Gilbert CisnerosSale · $1,001 - $15,000Disclosed: Sep 7, 2026Gilbert Ray CisnerosSale (Full) · $1,001 - $15,000Disclosed: Sep 7, 2026Gilbert Ray CisnerosSale (Partial) · $1,001 - $15,000Disclosed: Jul 3, 2026Gilbert Ray CisnerosSale · $1,001 - $15,000Disclosed: Jul 3, 2026
Market cap history
$26.01B-47.1%Aug 2026 – Nov 2026
Latest: $26.01B · 2026-11-12High: $52.23B · 2026-08-17Low: $24.72B · 2026-11-09
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| VTI | 0.05% | 5.3M |
| SOXX | 1.43% | 4M |
| VB | 0.46% | 3.8M |
| NJM | 1.02% | 3.8M |
| VBK | 1.08% | 2.2M |
| VXF | 0.44% | 1.9M |
| VGT | 0.19% | 1.4M |
| NLO | 1.95% | 1.3M |
| BAI | 1.43% | 1.3M |
| SOXL | 1.01% | 1.2M |
| FSMAX | 0.42% | 1M |
| IWP | 0.74% | 929.3K |
Analyst track record
How the analysts covering CRDO have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 113 | 250 |
| Analysts | 19 | 22 |
| Buy / hold / sell | 105 / 8 / 0 | 236 / 11 / 3 |
| Upgrades / downgrades / initiations | 1 / 0 / 4 | 3 / 0 / 8 |
| Price targets hit / missed | 3 / 90 (3%) | 98 / 113 (46%) |
| Avg. return after a rating (TipRanks) | -39.4% | +69.2% |
| Best / worst call | +24.5% / -60.1% | +676.7% / -60.1% |
After buy calls on this stock: median 21-day move +4.7% vs S&P 500 +3.4% (n = 234)
Most accurate on this stock
Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.
- Vijay RakeshMizuho Securities100% hit rate on this stock · 24 targets measuredBuytarget $245Sep 18, 2026
- Tore SvanbergStifel Nicolaus100% hit rate on this stock · 20 targets measuredBuytarget $310Oct 5, 2026
- Thomas O'MalleyBarclays100% hit rate on this stock · 12 targets measuredBuytarget $300Sep 1, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Nov 9, 2026 | Vivek AryaBank of America SecuritiesNov 9, 2026 | BuyMaintained | –↗ | article ↗ |
| Oct 5, 2026 | Tore SvanbergStifel NicolausOct 5, 2026 | BuyMaintained | $310↗ | article ↗ |
| Oct 2, 2026 | Sean O'LoughlinTD CowenOct 2, 2026 | BuyReiterated | $300↗ | article ↗ |
| Oct 1, 2026 | Blayne CurtisJefferiesOct 1, 2026 | BuyMaintained | $270↗ | article ↗ |
| Sep 18, 2026 | Vijay RakeshMizuho SecuritiesSep 18, 2026 | BuyReiterated | $245 |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data · computed Nov 13, 2026 · 113 ratings
Frequently asked questions
Where can I trade CRDO perpetual futures?
Credo Technology Group (CRDO) perpetual futures trade on 21 crypto venues, including Deepcoin, Binance, Ourbit. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade CRDO around the clock?
Yes. Unlike the underlying stock, CRDO perpetuals trade 24/7 — including weekends and outside regular market hours.
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Right now the CRDO perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to +45.0% across 21 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the CRDO perp price compare to the Credo Technology Group stock?
The venue-median CRDO perp mark is $128.6 versus a reference stock price of $128.6, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.
What is a CRDO perpetual future?
A CRDO perpetual is a derivative that tracks the price of Credo Technology Group with no expiry date. It lets you take long or short exposure to Credo Technology Group on crypto venues, around the clock.
What is CRDOUSDT perpetual?
CRDOUSDT is the symbol most crypto exchanges use for the Credo Technology Group perpetual settled in USDT (Tether). It tracks the CRDO share price through an index, trades 24/7 with leverage and never expires.
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