CRDO

Broadcom stock is near highs ahead of earnings, along with other hot tech stocks like Credo Technology and fiber optic leader Ciena.

This article first appeared on GuruFocus. Credo Technology Group Holding Ltd (NASDAQ:CRDO) is set to release its Q4 2026 earnings on June 1, 2026. The consensus estimate for Q4 2026 revenue is $432.05 million, and the earnings are expected to come in at $0.79 per share. The full year 2026's revenue is expected to be $1.33 billion, and the earnings are expected to be $2.40 per share. More detailed estimate data can be found on the Forecast page. Warning! GuruFocus has detected 6 Warning Signs with CRDO. Is CRDO fairly valued? Test your thesis with our free DCF calculator. Revenue estimates for Credo Technology Group Holding Ltd (NASDAQ:CRDO) have increased from $1.26 billion to $1.33 billion for the full year 2026 and increased from $1.84 billion to $2.26 billion for 2027 over the past 90 days. Earnings estimates have increased from $2.06 per share to $2.40 per share for the full year 2026 and increased from $3.00 per share to $4.09 per share for 2027 over the past 90 days. In the previous quarter ending January 31, 2026, Credo Technology Group Holding Ltd's (NASDAQ:CRDO) actual revenue was $407.01 million, which beat analysts' revenue expectations of $400.23 million by 1.69%. Credo Technology Group Holding Ltd's (NASDAQ:CRDO) actual earnings were $0.82 per share, which beat analysts' earnings expectations of $0.65 per share by 25.96%. After releasing the results, Credo Technology Group Holding Ltd (NASDAQ:CRDO) was down by 14.81% in one day. Based on the one-year price targets offered by 19 analysts, the average target price for Credo Technology Group Holding Ltd (NASDAQ:CRDO) is $213.15, with a high estimate of $260.00 and a low estimate of $170.00. The average target implies a downside of 4.14% from the current price of $222.35. Based on GuruFocus estimates, the estimated GF Value for Credo Technology Group Holding Ltd (NASDAQ:CRDO) in one year is $287.94, suggesting an upside of 29.50% from the current price of $222.35. Based on the consensus recommendation from 21 brokerage firms, Credo Technology Group Holding Ltd's (NASDAQ:CRDO) average brokerage recommendation is currently 1.7, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

Dow Jones futures fell slightly early Thursday overnight, along with S&P 500 futures and Nasdaq futures. Oil prices rose somewhat. Marvell Technology rose slightly on earnings while Snowflake surged. The Fed's favorite inflation gauge, the core PCE price index, is due before the open.

Credo Technology Group Holding Ltd CRDO is scheduled to report fourth-quarter fiscal 2026 results on June 1, after the closing bell. The Zacks Consensus Estimate for the bottom line for the to-be-reported quarter stands at $1.03, indicating a 194.3% year-over-year surge. The estimate has remained unchanged in the past 30 days. The Zacks Consensus Estimate for total revenues is pinned at $430.08 million, implying a 153% increase. For the fiscal fourth quarter, CRDO expects revenues to be between $425 million and $435 million. Credo’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 31.6%. Image Source: Zacks Investment Research Let us see how CRDO is expected to fare in terms of revenues and earnings this time. Our proven model does not conclusively predict an earnings beat for CRDO this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. CRDO has an Earnings ESP of 0.00% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here. Credo’s fiscal fourth-quarter performance is likely to have been driven by strong demand for its active electrical cables (“AEC”) and optical products, along with deeper engagement with hyperscalers. On the last earnings call, management noted that revenues more than doubled from fiscal 2024 to 2025, and the company expects the metric to triple from fiscal 2025 to 2026, with management putting the number just north of $1.3 billion for fiscal 2026. This implies that Credo will have achieved more than six times the revenue growth within two years. Three hyperscalers each contributed more than 10% of total revenues in the last reported quarter, reflecting strong adoption of Credo’s high-reliability AEC solutions. Credo has also secured a fifth hyperscaler customer, further strengthening its position within the global cloud ecosystem. Beyond the traditional hyperscalers, Credo is also seeing increasing demand from emerging Neocloud providers. AECs remain Credo’s fastest-growing product line and the primary revenue driver as these now play an increasingly critical role in AI-driven networking deployments. According to Credo...

Sono-Tek Corporation (SOTK) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +50.00%. A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced earnings of $0.02, delivering a surprise of -33.33%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. SonoTek, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $5.61 million for the quarter ended February 2026, surpassing the Zacks Consensus Estimate by 9.55%. This compares to year-ago revenues of $5.12 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. SonoTek shares have added about 28.6% since the beginning of the year versus the S&P 500's gain of 9.9%. While SonoTek has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for SonoTek was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy)...

Marvell Technology (MRVL) came out with quarterly earnings of $0.8 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -0.39%. A quarter ago, it was expected that this chipmaker would post earnings of $0.79 per share when it actually produced earnings of $0.8, delivering a surprise of +1.27%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Marvell, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $2.42 billion for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 0.59%. This compares to year-ago revenues of $1.9 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Marvell shares have added about 145.1% since the beginning of the year versus the S&P 500's gain of 9.8%. While Marvell has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Marvell was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It wil...

SAN JOSE, Calif., May 14, 2026--(BUSINESS WIRE)--Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO) an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, today announced it will hold a conference call on Monday, June 1, 2026, at 2:00 p.m. Pacific Time to discuss its financial results for the fourth quarter and fiscal year ended May 2, 2026. The news release announcing the fourth quarter and fiscal year 2026 financial results will be disseminated on June 1, 2026 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Monday, June 1, 2026 by dialing 833-461-5787 (toll-free) or +1 585-542-9983 (international). The conference ID for the call is 721028678. It is recommended that participants dial in to the call at least 10 minutes before the start of the call. A live webcast of the conference call will be available on Credo’s Investor Relations website at http://investors.credosemi.com/. A replay of the webcast will be available via the web at http://investors.credosemi.com/. About Credo Credo’s mission is to transform connectivity at scale through fast, reliable, and energy-efficient system solutions. Our high-speed copper and optical interconnect products deliver industry-leading power and performance at up to 1.6T to meet the ever-expanding data infrastructure demands of AI. Our product portfolio includes ZeroFlap (ZF) Active Electrical Cables (AECs) and ZF optical transceivers, OmniConnect memory solutions, and a suite of retimers and DSPs for optical and copper Ethernet and PCIe, all leveraging the PILOT diagnostic and analytics software platform. Credo innovations enable our customers to connect the systems that connect the world. For more information, please visit https://www.credosemi.com. Follow Credo on LinkedIn. Credo, the Credo logo and the color purple when associated with AECs are registered trademarks of Credo Technology Group Limited in the United States and other jurisdictions. All other trademarks referenced herein are the property of their respective owners. View source version on businesswire.com: https://www.businesswire.com/news/home/20260514757299/en/ Contacts Media Contact: Diane Vanasse [email protected] Investor Contact: Dan O’Neil [email protected]

Astera Labs ALAB shares have lost 0.8% since it reported first-quarter 2026 results on Tuesday. The decline can be attributed to the continued high R&D expenses and ongoing investments in acquisitions and new design centers, which have increased operating costs. Challenging macroeconomic uncertainties and stiff competition remain a headwind. Click here to check the details of ALAB's first-quarter 2026 results. However, Astera Labs shares have gained 28.6% in the year-to-date period, outperforming the broader Zacks Computer & Technology sector’s increase of 11.9% and the Zacks Internet - Software industry’s decline of 12.7% over the same time frame. The outperformance can be attributed to the strong demand for their AI connectivity products, especially the Scorpio and Aries portfolios. Image Source: Zacks Investment Research ALAB is rapidly expanding its portfolio to address the growing demands of AI infrastructure and connectivity solutions. Its product portfolio, including Scorpio, Aries, and Taurus, has been a key catalyst. The Scorpio product family, particularly the Scorpio X-Series and P-Series PCIe 6 switches, has seen strong momentum. In the first quarter of 2026, ALAB expanded its market-leading Scorpio P-Series PCIe-6 Fabric Switch family to span 32- to 320-lane configurations, enabling flexible deployment across hyperscale and AI infrastructure environments. The company also enhanced infrastructure fleet management with customer-optimized firmware and COSMOS embedded software, while expecting multi-customer shipments in the second half of 2026 and broader volume ramps in 2027. Further expanding its portfolio, ALAB recently announced the launch of the Scorpio X-Series 320-lane Smart Fabric Switch, the industry’s largest open, memory-semantic fabric switch designed for frontier AI lab workloads. The platform supports diverse accelerators through open and proprietary protocols. At the same time, innovations like Hypercast and In-Network Compute can double the collective performance of operations, reduce latency and improve token economics for agentic inference. Production ramp is expected in the second half of 2026, targeting the rapidly growing $20 billion merchant scale-up market by 2030. ALAB is benefiting from strong growth in UALink, an open standard scale-up connectivity protocol designed to address the increasing demands of AI infrastructure. U...

Astera Labs ALAB is set to report its first-quarter 2026 results on May 5. Astera Labs expects first-quarter 2026 revenues between $286 million and $297 million. Earnings per share are expected to be between 53 cents and 54 cents for the first quarter. The Zacks Consensus Estimate for first-quarter 2026 revenues is currently pegged at $292.50 million, indicating an increase of 83.45% from the figure reported in the year-ago quarter. The consensus mark for earnings is currently pegged at 54 cents per share, unchanged over the past 30 days, suggesting 63.64% growth year over year. Astera Labs, Inc. price-eps-surprise | Astera Labs, Inc. Quote ALAB’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average earnings surprise of 22.64%. Let’s see how things have shaped up prior to this announcement. Astera Labs’ first-quarter 2026 revenues are likely to have benefited from increasing demand for artificial intelligence (AI) servers and data center infrastructure. Strong momentum across its three key product families, Aries, Taurus and Scorpio, is likely to have contributed well. ALAB's Aries and Taurus product lines are also expected to contribute significantly to the first quarter of 2026 growth. The Aries portfolio, particularly its Gen 6 PCIe DSP retimer solutions, is benefiting from increasing deployments of custom AI accelerators at large hyperscalers. The Taurus family, which saw revenues grow more than fourfold in 2025, is driven by the ramp of new 400-gig designs for AI and general-purpose systems. The transition to 800-gig switching platforms is anticipated to be the next catalyst for Taurus, further expanding its market opportunity. Scorpio, particularly the P-Series, will remain a key growth driver in the to-be-reported quarter. The P-Series continues its volume ramp at lead customers and is set to commence shipments to at least two additional major hyperscalers on their next-generation AI platforms. Initial volumes of the Scorpio X-Series for scale-up switching are also expected to have contributed to the first quarter of 2026 revenues, with a more material ramp anticipated in the second half of the year. The Scorpio family is on track to become ALAB's largest product line, reflecting the company's leadership in PCIe 6 switching solutions. However, challenging macroeconomic uncertainties and stiff competition re...

A month has gone by since the last earnings report for Credo Technology Group Holding Ltd. (CRDO). Shares have lost about 3.5% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Credo Technology Group due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers. Revenue: $407.0M, up 201.5% year over year and 51.9% sequentially GAAP diluted EPS: 82 cents. GAAP gross margin: 68.5% GAAP operating income: $149.6 million (36.8% margin) Non-GAAP gross margin: 68.6%; management reported non-GAAP net income of $208.8 million AEC shipments to hyperscalers were the main revenue driver, with adoption widening to an additional hyperscaler in the quarter. IC portfolio (optical DSPs, retimers) scaled alongside AECs, with growing 200G-per-lane traction supporting switching and AI server demand. Three hyperscalers each contributed more than 10% of total revenues, reflecting strong adoption of Credo’s high-reliability AEC solutions. The top three customers accounted for 39%, 32%, and 17% of revenue in the third quarter of 2026. Credo has also secured a fifth hyperscaler customer, further strengthening its position within the global cloud ecosystem. Scale and favorable mix expanded margins: non-GAAP operating margin was 49.6%. Operating expenses increased for R&D and projects but rose more slowly than revenue, supporting strong incremental margins. Management maintains a long-term non-GAAP gross margin target of 63%-65% while noting quarter-to-quarter variability from mix. Operating cash flow was $166.2 million while free cash flow was $139.7 million, suggesting a capex of $26.5 million Cash and equivalents were approximately $1.3 billion. Inventory was $208 million to support customer ramps. For the fourth quarter of 2026, revenues are projected to be between $425 million and $435 million. Non-GAAP gross margin is anticipated to be 64%-66%. Non-GAAP operating expenses are expected to be between $76 million and $80 million in the fiscal fourth quarter. For fiscal 2027, management expects mid-single-digit sequential growth through the year, resulting in more than 50% year over year growth. Management expects a considerab...

Credo Technologies and Astera Labs are two niche players in the semiconductor and AI ecosystem, providing specialized connectivity solutions. Their shares have gone on huge runs, both up more than 70% in the past 52 weeks. Earnings from Oracle and Broadcom injected significant gains into both stocks recently, highlighting two dynamics that are key for investors to understand. Interested in Credo Technology Group Holding Ltd.? Here are five stocks we like better. Credo Technology (NASDAQ: CRDO) and Astera Labs (NASDAQ: ALAB) are some of the fastest-growing beneficiaries of the artificial intelligence (AI) data center buildout. As key suppliers in the data center ecosystem, the results and commentary coming from players upstream of Astera and Credo are vital to evaluating their future. Hyperscaler Oracle (NYSE: ORCL) and custom AI semiconductor stock Broadcom (NASDAQ: AVGO) are prime examples. → Dollar Tree Planted the Seeds for Triple-Digit Gains in Q4 These two names recently reported earnings. Their better-than-expected results and some interesting commentary helped CRDO and ALAB soar. Let’s break down why, as knowing where CRDO and ALAB fit in the data center ecosystem is key to understanding their paths going forward. Credo and Astera sit squarely in the AI infrastructure networking bucket. Their products help connect processing chips, like NVIDIA (NASDAQ: NVDA) graphics processing units (GPUs). These connections allow processing chips to communicate with each other and execute tasks. → Why Credo and Astera Soared After Oracle and Broadcom's Earnings Credo’s primary product is its HiWire active electrical cable (AEC). These copper-based solutions can be much longer than traditional passive copper cables while preserving signal integrity. They also use less power and are cheaper than optical cables. Astera’s smart retimers offer similar benefits, but through chips rather than cables. Astera offers AECs too, but smart retimers are by far its largest revenue source. → Joby Aviation’s Golden Gate Flight Signals a New Era for eVTOL The big picture is that more data centers mean more networking equipment, expanding the market that Credo and Astera can target. This is why these stocks rose 3.2% and 7.1%, respectively, after Oracle’s latest earnings report. Oracle significantly beat growth estimates in its latest report. Strong performance in Oracle Cloud Infrast...

In March 2026, Credo Technology Group reported third-quarter fiscal 2026 results, with sales rising to US$407.01 million and net income to US$157.14 million versus the prior year, and issued fourth-quarter revenue guidance of US$425.0 million to US$435.0 million with an expected GAAP gross margin between 63.9% and 65.9%. A separate February 2026 announcement revealed that TensorWave, an AMD-exclusive AI cloud provider, will deploy Credo’s ZeroFlap Active Electrical Cables and optics across its future AI clusters, underscoring growing use of Credo’s high-reliability interconnects in large-scale AI infrastructure. Next, we’ll examine how this combination of strong recent results and new AI-cloud deployment commitments affects Credo’s investment narrative. We've uncovered the 14 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. To own Credo, you need to believe AI and cloud buildouts will keep requiring high speed, power efficient interconnects where Credo’s AEC and optical products already have traction. The latest Q3 results and Q4 guidance highlight strong near term execution, but they also raise the stakes on the key short term catalyst: sustained hyperscaler demand. At the same time, reliance on a small number of large customers remains the biggest risk to the story. The TensorWave collaboration is especially relevant here, because it reinforces Credo’s role in large scale AI clusters that value reliability and uptime. For investors focused on catalysts, this kind of AI cloud deployment helps connect the recent revenue surge to concrete design wins in next generation infrastructure. It does not remove concentration or competition risk, but it does show how Credo’s technology is being selected for demanding, production grade AI networks. Yet even with these strong headlines, investors should be aware that customer concentration remains a key vulnerability if any major buyer... Read the full narrative on Credo Technology Group Holding (it's free!) Credo Technology Group Holding's narrative projects $1.0 billion revenue and $314.5 million earnings by 2028. This requires 33.8% yearly revenue growth and a $262.3 million earnings increase from $52.2 million today. Uncover how Credo Technology Group Holding's forecasts yield a $191.75 fair value, a 71% upside to its current price. Some of the most cautious analysts were a...