Credo Technology releases results amid upside expectations

Technology company presents financial results on September 1 with upward‑revised forecasts by analysts.

Credo Technology Group Holding Ltd is set to release its first‑quarter 2027 financial results on September 1, 2026. The market awaits the numbers with optimism after analysts raised the company’s revenue and earnings outlook. The announcement draws attention from investors tracking the Nasdaq‑listed firm under the ticker CRDO.

Revenue and earnings expectations for the quarter

For Q1 2027, the consensus estimate for Credo Technology Group Holding Ltd’s revenue is $471.77 million. Analysts also expect earnings per share (EPS) of $0.91 for the period. For the full year 2027, the outlook calls for total revenue of $2,459.65 million and EPS of $5.05.

Projection revisions for upcoming years

In the past 90 days, revenue estimates for the company have risen from $2,256.94 million to $2,459.65 million for the full‑year 2027. For 2028, revenue forecasts have increased from $3,193.38 million to $3,662.38 million. Over the same 90‑day span, EPS estimates were also upgraded, moving from $4.18 to $5.05 for 2027 and from $5.81 to $7.76 for 2028.

Financial performance of the prior quarter

In the quarter ended April 30, 2026, the company posted actual revenue of $437 million, beating analysts’ expectations of $432.05 million by 1.15%. Reported earnings were $0.88 per share, surpassing the consensus estimate of $0.79 per share by 11.39%. Following the release of those results, the stock rose 1.28% in a single day.

Analyst recommendations and price target

Based on price targets for the next year provided by 19 analysts, the average target price for the stock is $287.41, ranging from a high of $350 to a low of $215. This average implies a potential upside of 23.48% relative to the current price of $232.75. Additionally, GuruFocus’s GF value estimate for one year is $380.72, suggesting a 63.57% growth potential over the current price. The consensus recommendation from 22 brokerage firms stands at 1.7, indicating a performance rating above the market on a 1‑to‑5 scale where 1 means strong buy and 5 means sell.

With information from Yahoo Finance.