Credo Technology Group stock gains as Q1 revenue surges 114.7 percent

Published on 09/19/2026 at 14:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Credo Technology Group stock rose 4.5 percent to USD 175.89 on September 18, 2026 after reporting strong fiscal Q1 2027 results and higher guidance. The company expects second-quarter revenue between USD 525 million and USD 535 million, implying double-digit sequential growth.

CRDO, KYG254571055, Illustration mit AI erstellt.

Credo Technology Group Holding Ltd. stock (ISIN KYG254571055) rose 4.5 percent to USD 175.89 on Nasdaq on September 18, 2026 after the connectivity specialist reported a fiscal first-quarter 2027 revenue jump of 114.7 percent year over year and raised its outlook for the next quarter.

Strong Q1 2027 figures support CRDO stock

According to MarketBeat on September 18, 2026, Credo Technology Group reported fiscal first-quarter 2027 revenue of USD 479.0 million, up 114.7 percent compared with USD 223.0 million in the same quarter a year earlier.

The same report states that adjusted earnings per share for fiscal Q1 2027 came in at USD 1.20, beating the consensus estimate of USD 1.17 by USD 0.03 and more than doubling the prior-year EPS of USD 0.52.MarketBeat

As The Globe and Mail reported on September 18, 2026, Credo's non-GAAP net income jumped 140 percent year over year to USD 236.3 million in the fiscal first quarter of 2027, while management highlighted revenue growth of 9.6 percent sequentially from the preceding quarter.

Guidance points to continued double-digit growth

Management's outlook is another key driver for investors in Credo Technology Group stock, because it points to continued expansion beyond the strong first quarter. According to The Globe and Mail, Credo expects fiscal second-quarter 2027 revenue between USD 525 million and USD 535 million, which at the midpoint implies roughly 10.6 percent sequential growth from the USD 479 million posted in fiscal Q1 2027.

A separate earnings overview on MarketScreener dated September 1, 2026 notes that Credo's Q1 2027 earnings call confirmed this guidance range and emphasized that the company is targeting growing bandwidth demands from artificial intelligence infrastructure with high-speed optical connectivity solutions.

For longer-term context, a comparative analysis on Yahoo Finance on September 18, 2026 highlights that Credo's fiscal year 2026 revenue reached nearly USD 1.3 billion, representing growth of approximately 205.7 percent over the prior year, while net income moved to roughly USD 472.3 million from about USD 52.2 million in the previous fiscal year.

Analyst views and valuation backdrop

The earnings momentum has led to active coverage by analysts and financial media. According to a Russian-language note from Finam on September 18, 2026, one analyst describes Credo's fiscal first-quarter 2027 results as significantly above market expectations, citing revenue of USD 479 million and operating profit metrics that translate into a margin above 48 percent.

The valuation angle is discussed in a feature on Yahoo Finance dated September 18, 2026, which notes that Credo Technology Group has delivered a very large three-year share price gain and estimates latest twelve-month free cash flow at about USD 427 million, with projections pointing to growing cash generation over the coming decade rather than a shrinking stream.

Retail sentiment indicators have also reacted to the news. A summary on Stocktwits News on September 18, 2026 states that retail sentiment around CRDO stock remained neutral even as the shares have surged nearly 21 percent so far in 2026, compared with gains of more than 67 percent for the iShares Semiconductor ETF and 32 percent for the iShares AI Innovation and Tech Active ETF over the same period.

Operational focus on AI connectivity and insider activity

Beyond the earnings numbers, Credo is positioning itself firmly in the fast-growing market for high-speed connectivity in artificial intelligence data centers. A company release on Credo Technology Group dated September 18, 2026 states that the company will showcase 1.6 terabit optical connectivity solutions and silicon photonics innovations for AI scale-out fabrics at the ECOC 2026 conference in Malaga from September 21 to September 23.

The same press release describes Credo as an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, underscoring that the new modules are designed to support growing AI bandwidth demands while managing power consumption in large-scale networks.Credo Technology Group

Insider transactions have been active in recent weeks. A transaction report summarized by Sina Finance on September 19, 2026 notes that an officer and director sold 16,672 shares on September 14, 2026 at an average price of USD 151.88 per share, for a total value of about USD 2.53 million, leaving the insider with 1,858,982 shares, corresponding to a stake of 0.99 percent.

CRDO stock price as of September 18, 2026

Per Nasdaq price data reported by MarketBeat, Credo Technology Group stock closed at USD 175.89 on September 18, 2026, up 4.5 percent from the previous close after trading as high as USD 175.98 during the session.MarketBeat A separate quote overview from a US stock portal shows the shares at USD 174.09 later the same day, corresponding to a market capitalization of USD 29.16 billion as of September 18, 2026.