What move does the options market price into Credo Technology's report?

Implied ±13.4%, either direction.

How often does Credo Technology move more than the options market prices?

3 of the last 8 reports moved at least as far as the implied move.

CRDONasdaqSemiconductors & Related Devices

Credo Technology Group Holding Ltd (CRDO) earnings date, market-implied expected move, and options open interest by expiry

150.82

Closed19:59 ET

Open153.50Volume12.6MMkt cap$28.4BP/E50.61EPS2.98

Day145.42 – 155.2255%52-wk86.49 – 308.6729%

CRDO

Credo Technology Group Holding Ltd

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±13.4%implied · report alone

8Q avg ±16.9%·×0.79·cheap

130.76171.22

straddle ±20.5%

spot 150.99exp Dec 4ATM strike 150ATM straddle 36.35IV 98%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Dec 2

after close · in 31 days

est.Q2 FY27

Calendar

Next report

Last report

−20.04%

vs ±13.8% implied · ×1.46

shaded = implied · ▲▼ = realized

Sep 1 '26 · confirmed

Implied vs realized

Largest filed tie

33.00%

of CRDO revenue · Customer D

customerCRDO 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

−7.51%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

984 managers

Top fund weight

2.01%

CRDO weight · SOXX

N-PORTJun 30 '26

6 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Credo Technology (CRDO) is expected to report on Dec 2 after close (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±15.5%
avg realized: ±16.9%

Sep 4 '24Sep 4 '24confirmed±16.5%▼−14.86%×0.90

Dec 2 '24Dec 2 '24confirmed±19.9%▲+47.89%×2.40

Mar 4 '25Mar 4 '25confirmed±21.2%▼−13.97%×0.66

Jun 2 '25Jun 2 '25confirmed±15.2%▲+14.80%×0.98

Q2 FY26Sep 3 '25confirmed±11.6%▲+7.40%×0.64

Q3 FY26Mar 2 '26confirmed±10.0%▼−14.81%×1.48

Q4 FY26Jun 1 '26confirmed±15.6%▲+1.28%×0.08

Q1 FY27Sep 1 '26confirmed±13.8%▼−20.04%×1.46

quarterimplied−50%0+50%realized×

Q1 FY27±13.8%▼−20.04%×1.46

Q4 FY26±15.6%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 11 expiries · Oct 30 close

1.02OI · 11 expiries · Oct 30 closeP/C open interest · Dec 4 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

2 nearer expiries

6,522+16%Nov 65d1.066,143+23%1.06

4,579+7%Nov 1312d1.652,780+12%1.65

35,015+2%Nov 2019d1.0832,4780%1.08

2,562+8734%Nov 2726d1.491,725+8114%1.49

report · Dec 2 · after close · est.

4 later expiries

30,7580%Jan 1575d0.8834,849+1%0.88

5,846+5%Feb 19110d1.01

ExpiryPutsCallsP/C

2 nearer expiries

Nov 65d6,522+16%6,143+23%1.06

Nov 1312d4,579+7%2,780+12%1.65

Nov 2019d35,015+2%32,478

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±20.5%

Funds 4

SOXX±0.4%

SOXL±0.3%

FTC±0.2%

IGPT±0.1%

Suppliers 3

AMKR±6.7%×0.33

ASX±5.8%×0.28

TSM±4.8%

Customers 2

ORCL±5.0%×0.24

MSFT±1.5%×0.08

Dashed = straddle · × = co-movement · max 500dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ1 FY27

27.02%as filednet margin · revenue +9.61% QoQ · +114.73% YoY

Revenue

$479M+9.61% QoQ

Gross profit

$309M+3.69% QoQ

64.53% margin

Operating income

$121M−22.55% QoQ

25.20% margin

Pre-tax income

$129M−23.30% QoQ

Net income

$129M−23.46% QoQ

27.02% margin

Cost of revenue

$170M+22.30% QoQ

Operating expenses

$188M+32.45% QoQ

R&D $115M

SG&A $74M

Other income

$8M−32.93% QoQ

Tax benefit

$585,000

Revenue$479M+9.61%

Gross profit

$309M+3.69%

64.53% margin

Operating income

$121M−22.55%

25.20% margin

Pre-tax income

$129M−23.30%

Net income

$129M−23.46%

27.02% margin

Cost of revenue

$170M+22.30%

Operating expenses

$188M+32.45%

R&D $115M

SG&A $74M

Other income$8M−32.93%

Tax benefit$585,000

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Aug 1 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 19:45 ET

Intraday

Event sensitivity

PPI ×1.38· ±5.4% vs ±3.9% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±5.4%2 of 10×1.38

NFPjobs report±4.4%5 of 10×1.13

GDPgross domestic product±4.4%9 of 19×1.10

FOMCrate decision±4.0%16 of 24×1.01

CPIconsumer prices±3.8%7 of 10×0.97

PCEpersonal income & outlays±3.6%6 of 19×0.92

CPROFcorporate profits±2.5%5 of 12×0.62

Bar = avg |move| to ±6% · tick = ±3.9% avg day · ×base = |move| ÷ ±3.9% · min 6 releases

Earnings history

EPS 0.67 · consensus —

Quarter	Reported	EPS	Consensus
Q1 FY27	Sep 1 '26 · confirmed	0.67	—
Q4 FY26	Jun 1 '26 · confirmed	0.91	—
Q3 FY26	Mar 2 '26 · confirmed	0.82	—
Q2 FY26	Sep 3 '25 · confirmed	0.44	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod