In a report released on June 3, Joshua Buchalter from TD Cowen reiterated a Buy rating on Credo Technology Group Holding Ltd. (NASDAQ:CRDO) with a price target of $85.00. The rating update followed the company’s announcement of strong fiscal Q4 2025 results on June 2.
Revenue for fiscal Q4 2025 rose a notable 25.9% quarter-over-quarter and 179.7% year-over-year to $170.0 million. The company’s GAAP gross margin for the quarter reached 67.2%, while non-GAAP gross margin was 67.4%.
An engineer in a cleanroom testing and tweaking an integrated circuit.
Credo Technology Group Holding Ltd. also delivered record-breaking results for the full year, with revenue growing 26% year-over-year to $436.8 million. The company expects fiscal Q1 2026 revenue to be in the range of $ 185 million to $ 195 million.
Credo Technology Group Holding Ltd. develops connectivity products and solutions for the data infrastructure market. Its offerings include active electrical cables, SerDes chiplets, and integrated circuits.
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