Credo Technology Group (CRDO) and Nova Limited (NVMI) are prominent players in the semiconductor industry, currently positioned in the top 35% of Zacks’ Electronics-Semiconductors Industry. Credo, specializing in high-performance connectivity solutions, is projected to see an 86% increase in sales for fiscal year 2026 (FY26), reaching $811.4 million, up from $436.77 million in FY25. Earnings per share (EPS) are expected to exceed $1.48, a significant increase from $0.70 in FY25.
Nova, involved in metrology solutions for semiconductor manufacturing, anticipates a 28% growth in sales this year, reaching $923.4 million. Its EPS is forecasted to rise by 26% in FY25, hitting $9.33 per share in FY26. Both stocks have seen impressive annual gains, with Credo up nearly 40% and Nova up about 43% in 2023.
Investors have taken notice of the positive trend in earnings estimate revisions, particularly for Credo, where EPS estimates for FY26 and FY27 have increased over 30% in the last 60 days.
