chips (GPU/ASIC/CPU) · Industry Index 14 (rank #62) ·
price: as of 2026-10-30 index: as of 2026-10-30 fundamentals: latest filing 2026-09-02 Reports quarterly (10-Q XBRL)
Credo Technology designs SerDes connectivity chips and active electrical cables (AECs) for AI data centers.
Industry exposure 0.8 (Active electrical cables and SerDes are sold primarily to hyperscalers building AI data centers.)
Delayed, end-of-day, aggregate per contract — not a live tape or trade-level flow. Buy/sell side is INFERRED from where each contract's last print sat in the bid/ask spread, not observed order flow. The company-wide side is withheld unless quoted contracts cover at least a quarter of the day's premium, so it can be blank while individual contracts below show a side. Call/put premium is measured across the chain we capture — the 6 nearest expiries within 45 days, not the full option chain — while the table below lists at most 20 flagged contracts, so summing those rows will not reproduce the percentage.
Why flagged:FOMC Rate Decision in 5 days
| Date | Contract | Score | Side (inferred)? | OI Δ? | Volume | Vol/OI | Flags |
|---|---|---|---|---|---|---|---|
| 2026-10-30 | $146 PUT | 62 | mid-market · no side | 0 | 177 | 22.1× | |
| 2026-10-30 | $155 CALL | 58 | mid-market · no side | 0 | 253 | 9.0× | |
| 2026-10-30 | $160 CALL | 52 | mid-market · no side | +5 | 313 | 2.2× | |
| 2026-10-30 | $140 PUT | 46 | buy-side | -14 | 831 | 2.1× | |
| 2026-10-30 | $145 PUT | 44 | buy-side | +19 | 251 | 1.2× |
15 smaller flags (under $100000 premium) hidden.
latest session: 1.3× its 13-day baseline
27% calls / 73% puts (by premium)
News set the tone, but the swarm won’t commit — a positive tilt with weak agreement, so the call is Neutral.
Most voters leaned one way; structural dissented. Directional agreement 0.49.
A clear neutral score; conviction 0.03 reflects how strongly the agents agree. Conviction is confidence, not a probability of the move.
Credo's durable asset is its own SerDes and DSP silicon, which the 10-K says reaches 'similar performance to leading competitors' products but at a lower cost and more highly available legacy node (n-1 advantage)'. That cost-and-supply edge, plus a portfolio the company believes is the industry's only complete high-performance connectivity suite, is what holds a position against far larger rivals — and it is held with roughly 90% of revenue coming from ten customers.
Rating: narrow
The 10-K names Broadcom, Marvell and Astera Labs as principal competitors that compete on 'some, but not all' of Credo's solutions, and discloses that the top 10 customers were approximately 90% of fiscal 2026 revenue with two customers at 10% or more each. A defensible technical position sold into a handful of buyers with that much leverage is narrow, not wide.
Type: intangibles ip
The filing states the products 'are based on our own optimized Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies' and lists 'extent of IP protection and enforcement of rights' among the principal competitive factors in its market.
Leadership: co leader
The 10-K states 'We believe we are the only company in our industry offering a complete suite of high-performance connectivity solutions', while naming Broadcom, Marvell and Astera as principal competitors on parts of the portfolio — a co-leader's claim, attributed to the company, not an independently observed share.
Pricing power: moderate
The n-1 node advantage the filing describes lets Credo price against competitors from a lower cost base, but the same filing discloses two customers at 10% or more of revenue and a top-10 concentration near 90%, which is buyer leverage working the other way.
Curated moat judgment grounded in the cited source. source: sec.gov
Layer: chips (GPU/ASIC/CPU)
Upstream interconnect supplier: SerDes/DSP silicon and active cables sitting between accelerators, switches and optics inside AI data centers.
Derived from this company's mapped supply-chain edges and its industry layer.
The moat prior voted +0.13 on the long (~6-month) horizon at weight 0.20 — the swarm call there is neutral (score -0.18, conviction 3).
Editorial prior — subjective, not backtested. It is bounded (±0.6), low-confidence, and never votes on short/medium. See exactly how it voted →
Products & services with an editorial market-share band and technical barrier band — qualitative judgments tied to a cited basis, never invented figures.
| Product | Market share | Technical barrier |
|---|---|---|
| Optical PAM4 DSPs · Optical transceiver silicon DSPs inside optical transceivers spanning ~5 metres to over 10 kilometres at 50 Gb/s to 1.6 Tb/s. | Top 3 Broadcom and Marvell are named principal competitors in the 10-K's competition section; the filing places Credo's DSPs in their seventh generation at 50G/100G/200G per lane PAM4. | Moderate Seven generations of integrated laser drivers, equalisation, distortion compensation and FEC per the product description — replicable by the two named competitors, both larger. |
| PCIe Retimers · PCIe connectivity Retimers extending PCIe reach inside AI and general-compute servers. | Challenger Astera Labs is named as a principal competitor in the 10-K, and PCIe retimers are the segment the two most directly overlap in; the filing states no share for either. | Moderate Standards-defined interoperability, so competition is on power, cost and time to compliance rather than on a proprietary interface. |
| SerDes Chiplets and SerDes IP licensing · Licensable connectivity IP SerDes delivered as chiplets and as licensed IP to customers building their own silicon. | Niche The 10-K describes the IP line as secondary — 'Our intellectual property (IP) solutions consist primarily of SerDes IP licensing' — alongside the IC and AEC product families. | Deep It licenses the same proprietary SerDes the rest of the portfolio is built on, which the filing names as the basis of its performance-at-lower-cost position. |
| ZeroFlap Active Electrical Cables (AECs) · AI datacenter copper interconnect Plug-and-play copper interconnect cables for 100G through emerging 1.6T data speeds. | Leader The 10-K presents AECs as Credo's own trademarked category ('Credo's trademark purple ZeroFlap Active Electrical Cables') positioned against DACs and AOCs rather than against any named AEC rival — the competition section names no AEC competitor by name. | Deep Built on Credo's proprietary SerDes, and the ZeroFlap reliability behaviour was co-developed with Oracle to address Link Flap, per the filing's company overview. |
| ZeroFlap Optical Transceivers · Optical modules Optical transceiver modules built around Credo's own DSPs and ZeroFlap reliability work. | Challenger A newer line the filing lists among current products; the competition section names 'various cable and optical transceiver suppliers' as competitors, an unnamed and crowded field. | Moderate The Oracle-partnered ZeroFlap work targets Link Flap reliability, which the filing calls a problem plaguing commodity options — a differentiator, not an exclusion. |
These charts plot Credo Technology's reported income statement, cash flow, and balance sheet from its SEC filings through 2026-09-02. Every figure is as-filed XBRL — none of it is an estimate.
Over the reported window, revenue grew 2380% to $1.3B (FY2020→FY2026); gross margin moved 86% → 68%; net income at $472.3M in FY2026.
Analyst consensus — third-party estimates from Yahoo Finance, as of 2026-10-26. Not SEC filings and not a TradingPilot forecast. source: finance.yahoo.com
| Period | EPS (est.) | Revenue (est.) | YoY |
|---|---|---|---|
| Q/E Oct 2026 | USD 1.28 (USD 1.22–USD 1.32) · 18 | USD 531946580.00 (USD 529800000.00–USD 551000000.00) · 17 | +98% |
| FY 2027 | USD 6.31 (USD 5.98–USD 6.64) · 20 | USD 2.5B (USD 2.5B–USD 2.6B) · 19 | +87% |
Each figure shows the consensus mean, its (low–high) range where available, and · the number of analysts behind that estimate.
Next report ~2026-11-30.
Our model leans Low-confidence · Neutral on the stock over the medium horizon — a market-direction call, not an earnings forecast. See the Signal tab.
Comparing against peers…
| Institution | Shares | Value | Δ shares QoQ | % of 13F | % shares out |
|---|---|---|---|---|---|
| BlackRock Passive / index | 17,759,842 | $4.8B | -2,059,560 | 0.1% | 9.45% |
| State Street Passive / index | 4,221,110 | $1.1B | -651,251 | 0.0% | 2.25% |
| FMR (Fidelity) Passive / index | 1,768,057 | $480.8M | -959,442 | 0.0% | 0.94% |
| Renaissance Technologies Guru | 844,238 | $229.6M | 481,900 | 0.3% | 0.45% |
| H&H International Investment (Duan Yongping) Guru | 701,200 | $190.7M | -50,000 | 1.0% | 0.37% |
| Bridgewater Associates (Ray Dalio (founder)) Guru | 178,996 | $48.7M | -849,206 | 0.2% | 0.10% |
TradingPilot-computed columns (% of 13F, % shares out) are derived from as-filed 13F values; only name, shares and value are as-filed.
Credo Technology · 2026-10-12 · product
Credo unveiled a 1.6T ZeroFlap active light cable (ALC), a wide-parallel optical interconnect for AI scale-out and front-end networks designed to draw 12W per cable-end, roughly 30% less than comparable active electrical cables, with a targeted reach up to 50m. The product will be shipping in 2027.
The Motley Fool · 2026-09-08 · earnings
Credo reported a record fiscal Q1 2027 quarter of roughly $479M in revenue, more than doubling year over year, and guided Q2 to about $530M with optics revenue expected to top $600M for the year. Shares fell sharply after the print as the outlook and lower GAAP gross margin drew analyst target cuts.
Yahoo Finance · 2026-09-02 · product
Coverage reports that Credo Technology's Toucan retimer has achieved PCIe 6.x compliance. Reported by a news outlet rather than stated in a company filing, so the claim is carried at the outlet's authority and no performance or revenue figure is attached to it.
SEC EDGAR (8-K Exhibit 99.1) · 2026-09-01 · earnings
Credo Technology reported first-quarter fiscal 2027 results for the quarter ended August 1, 2026: revenue of $479.0 million, up 9.6% quarter over quarter and 114.7% year over year; GAAP gross margin of 64.5% and non-GAAP gross margin of 68.0%; GAAP net income of $129.4 million and non-GAAP net income of $236.3 million; GAAP diluted EPS of $0.67 and non-GAAP diluted EPS of $1.20; and ending cash and short-term investments of $764.3 million. For Q2 fiscal 2027 the company guided revenue to $525-535 million with non-GAAP gross margin of 67.0-69.0%, a range whose midpoint sits at the Q1 level rather than above it. Figures are quoted from the company's own 8-K Exhibit 99.1.
Google News: Credo Technology · 2026-07-09 · earnings
Credo Technology reported $1.3 billion in revenue for fiscal year 2026 and is expanding operations.
2026-10-27 Yahoo Finance: ALAB · Can Credo Technology Stock Bounce Off Its Current Support?
2026-10-22 Yahoo Finance: CRDO · Credo Technology Group Holding Ltd. (CRDO) Faces High Expectations Despite Strong Growth
2026-10-21 Yahoo Finance: ALAB · What Has The Market Missed In Credo Technology Stock's Drop?
2026-10-21 Yahoo Finance: CRDO · Credo (CRDO): Can Optics Become the Second Engine for AI Data Center Cables?
2026-10-16 EDGAR current 8-K filings · 8-K - Credo Technology Group Holding Ltd (0001807794) (Filer)
2026-10-15 Yahoo Finance: ARM · Arm vs. Credo Technology Group: Which Semiconductor Stock Is a Better Buy in 2026?
2026-10-10 Yahoo Finance: CRDO · Where Will Credo Technology Be in 3 Years?
2026-10-09 Yahoo Finance: CRDO · Prediction: $5,000 Invested in Credo Technology Could Be Worth This Much by 2029
2026-10-08 Yahoo Finance: CRDO · Credo Technology (CRDO) Joins the Co-Packaged Optics Race: Could It Unlock a New AI Growth Opportunity?
2026-10-08 Yahoo Finance: ALAB · CRDO's Retimer Business Gains Steam: Can the Momentum Continue?
2026-10-05 Yahoo Finance: CRDO · Credo (CRDO) Grew Revenue 114.70%. Why Can Nobody Price It?
2026-10-02 Yahoo Finance: CRDO · Why Credo Technology Stock Is Surging 8% on an Unemployment Jump
2026-10-02 Yahoo Finance: CRDO · Up 30%, Should You Buy Credo Technology Right Now?
2026-10-01 Yahoo Finance: CRDO · Arm vs. Credo Technology Group: Which Tech Stock Is a Better Buy in 2026?
2026-10-01 Yahoo Finance: CRDO · Credo Technology Group (CRDO) Up 17.9% Since Last Earnings Report: Can It Continue?
2026-10-01 Yahoo Finance: CRDO · Credo Technology CEO Sells Company Shares Worth $2.5 Million
Impact = company-prominence tier (High/Medium auto-assigned by graph centrality/size; Low only on curated minor events), not a magnitude forecast.
| Date | Type | Event | Impact |
|---|---|---|---|
| 2026-11-30 | earnings | Credo Technology earnings (estimated) — Date not yet announced — consensus estimate. estimated | Medium |
| Date | Event | Impact | Outcome |
|---|---|---|---|
| 2026-09-01 | Credo Technology earnings confirmed | High | EPS beat · -20.0% |
| 2026-06-01 | Credo Technology earnings confirmed | High | EPS beat · +1.3% |
