Credo Technology: Why I Am Still Bullish
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Kennedy Njagi1.24K FollowersFollow5ShareSavePlay(11min)Comment(1)SummaryI reiterate Credo Technology as a Strong Buy after delivering record Q2 2026 results and raising full-year guidance.CRDO achieved 272% y/y revenue growth to $268M and a 47.7% non-GAAP net margin, demonstrating rare profitable hypergrowth.Management now guides for 170% y/y revenue growth and ~45% net margins for 2026, effectively quadrupling net income.Strategic partnerships and onboarding of additional hyperscaler clients have reduced customer concentration risk and broadened CRDO's growth runway.Zolak/iStock via Getty Images Investment Thesis I initially banged the drum on Credo Technology Group (CRDO) with three emphatic Strong Buy calls earlier this year. Calls that the market was vindicated with roughly 190%, 122%, and This article was written byKennedy Njagi1.24K FollowersFollowKennedy is a GARP-themed investor with a bias towards companies with aggressive growth prospects, en route to becoming highly profitable in 1-2 years.His investment philosophy emphasizes long-term discipline, consistent alpha, and a pinch of salt (risk).He writes to empower the underprivileged and improve financial literacy.The Curious Analyst is an associate of Kennedy NjagiAnalyst’s Disclosure:I/we have a beneficial long position in the shares of CRDO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You