Company Overview
Astera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure in Taiwan and the United States. It offers an intelligent connectivity platform, comprised of semiconductor-based, high-speed, mixed-signal connectivity products that integrate a matrix of microcontrollers and sensors, and COSMOS. The company provides COSMOS software suite, a connectivity system management and optimization software that enables management and optimization of resources for large fleets at cloud-scale via link, fleet, and RAS management capabilities. In addition, it offers PCIe/CXL smart DSP retimers and cable modules; ethernet smart cable modules for cloud and AI infrastructure; CXL memory connectivity controllers; and smart fabric switches. The company serves hyperscalers and system original equipment manufacturers. Astera Labs, Inc. was incorporated in 2017 and is based in San Jose, California.
Why Investors Should Care
Generates a return on equity of 25.8%, reflecting efficient use of shareholder capital.
Revenue has grown at a 120.2% CAGR over the past five years.
Maintains a net profit margin of 30.7%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $852.52M (+115.1% YoY); net profit $219.13M.
- Trailing 12 Months Year-on-year growth — revenue +104.5%, earnings +186.2%.
- 5-Year Trend Long-term compounding — revenue CAGR 120.2%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 120.18% |
| 1 Year: | 104.50% |
Compounded Profit Growth
| 5 Years: | - |
| 1 Year: | 186.20% |
Stock Price Performance
| 1 Year: | +32.80% |
| 6 Months: | +20.82% |
| 3 Months: | -8.98% |
| 1 Month: | -28.67% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
PCIe 6.0 retimers + CXL connectivity for AI servers.
- AI connectivity silicon Astera Labs designs high-speed connectivity chips (PCIe/CXL retimers, smart cable modules) that link GPUs, CPUs and memory inside AI servers and data centres.
- COSMOS fleet software Its COSMOS software manages and optimises connectivity across large AI server fleets at cloud scale.
- Hyperscaler design wins Deep engagement with hyperscalers ties Astera's growth directly to AI-data-centre build-outs.
- Direct beneficiary of AI-server scaling — explosive revenue growth (~93%).
- Connectivity is a critical bottleneck as GPU clusters grow, giving Astera a structural tailwind.
- Already profitable (net margin ~27%) with strong free cash flow — rare for a hyper-growth chip name.
- Very high beta (~4) and rich valuation make it volatile; customer concentration is a risk.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 25.8%.
- Excellent profit margin of 30.7%.
- Compounding revenue at 120.2% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 126.7.
- Trading 46.8% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ALAB Astera Labs, Inc. R3KAITECH | 257.16 | 126.68 | $44.61B | 0.00% | 12.40% | 25.83% | 120.18% | - |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 210.96 | 26.64 | $5.09T | 0.46% | 74.66% | 117.21% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 347.72 | 39.88 | $5.07T | 0.32% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 524.51 | 29.19 | $3.89T | 0.79% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 418.51 | 31.19 | $2.17T | 0.95% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 321.68 | 41.08 | $1.54T | 0.72% | 16.70% | 44.25% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 877.55 | 19.82 | $991.10B | 0.05% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 516.79 | 131.83 | $843.65B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,571.80 | 51.02 | $603.73B | 0.50% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.66M | 10.69M | 36.93M | 65.26M | 76.85M | 113.09M | 159.44M | 191.93M | 230.57M | 270.58M | 308.36M | 392.40M |
| Cost of Revenue | - | - | - | - | - | - | 40.03M | 46.36M | 54.76M | 66.11M | 73.22M | - |
| Gross Profit | 4.26M | 8.44M | 28.11M | 50.52M | 59.85M | 87.88M | 119.41M | 145.56M | 175.81M | 204.47M | 235.14M | 287.57M |
| Operating Expenses | - | - | - | - | - | - | 108.13M | 105.79M | 120.41M | 137.52M | 173.31M | - |
| Operating Income | -18.93M | -17.61M | -1.98M | -82.97M | -24.35M | -8.90M | 11.29M | 39.77M | 55.41M | 66.96M | 61.83M | 89.25M |
| EBITDA | - | - | - | - | - | - | 12.41M | 41.17M | 56.87M | 69.80M | 65.54M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | 21.72M | 50.66M | 66.86M | 78.92M | 73.41M | - |
| Tax Provision | - | - | - | - | - | - | -10.10M | -560.00K | -24.25M | 33.93M | -6.90M | - |
| Net Income | -17.45M | -20.00M | -3.12M | -93.00M | -7.55M | -7.59M | 31.82M | 51.22M | 91.11M | 44.98M | 80.31M | 153.09M |
| Diluted EPS | -0.49 | -0.55 | -0.08 | -1.77 | -0.05 | -0.05 | 0.18 | 0.29 | 0.50 | 0.25 | 0.44 | 0.83 |
| R&D Expense | 15.27M | 17.86M | 20.63M | 53.56M | 40.09M | 50.66M | 64.55M | 66.72M | 78.93M | - | 125.63M | 135.90M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 79.87M | 115.79M | 396.29M | 852.52M |
| Cost of Revenue | 21.19M | 35.97M | 93.59M | 207.26M |
| Gross Profit | 58.68M | 79.83M | 302.70M | 645.26M |
| Operating Expenses | 118.88M | 109.32M | 418.76M | 471.84M |
| Operating Income | -60.19M | -29.50M | -116.07M | 173.42M |
| EBITDA | -59.39M | -27.72M | -112.91M | 180.25M |
| Interest Expense | - | - | - | - |
| Pretax Income | -57.58M | -22.95M | -81.78M | 218.15M |
| Tax Provision | 764.00K | 3.31M | 1.64M | -981.00K |
| Net Income | -58.34M | -26.26M | -83.42M | 219.13M |
| Diluted EPS | -0.45 | -0.17 | -0.64 | 1.22 |
| R&D Expense | 73.71M | 73.41M | 200.83M | 304.00M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Total Assets | - | 211.73M | 196.29M | 1.05B | 1.53B |
| Current Assets | - | 206.00M | 185.81M | 1.01B | 1.36B |
| Cash & Equivalents | - | 76.09M | 45.10M | 79.55M | 167.61M |
| Inventory | - | 28.87M | 24.09M | 43.22M | 58.98M |
| Receivables | - | 10.72M | 8.34M | 38.81M | 83.20M |
| Total Liabilities | - | 297.02M | 293.99M | 89.71M | 168.19M |
| Current Liabilities | - | 40.09M | 35.08M | 86.54M | 133.04M |
| Long Term Debt | - | - | - | - | - |
| Total Debt | - | 1.60M | 2.16M | 1.29M | 4.15M |
| Total Equity | -39.76M | -85.29M | -97.70M | 964.80M | 1.36B |
| Shares Outstanding | - | 152.50M | 152.50M | 162.02M | 170.19M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Operating Cash Flow | -35.90M | -12.72M | 136.68M | 319.31M |
| Investing Cash Flow | -90.59M | -17.77M | -757.57M | -241.47M |
| Financing Cash Flow | 151.67M | -502.00K | 655.84M | 9.80M |
| Capital Expenditure | -3.87M | -2.76M | -34.24M | -37.54M |
| Free Cash Flow | -39.77M | -15.48M | 102.43M | 281.76M |
| Net Change in Cash | 25.18M | -30.99M | 34.95M | 87.64M |
| Share Buybacks | 313.00K | 210.00K | 1.07M | 0 |
Ratios (Annual)
Figures in %.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Gross Margin % | 73.5% | 68.9% | 76.4% | 75.7% |
| Operating Margin % | -75.4% | -25.5% | -29.3% | 20.3% |
| Net Margin % | -73.0% | -22.7% | -21.1% | 25.7% |
| ROE % | 68.4% | 26.9% | -8.6% | 16.1% |
| ROCE % | -35.1% | -18.3% | -12.0% | 12.4% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | FMR, LLC | 14.32% | 24.85M | $8.50B |
| 2 | Blackrock Inc. | 7.89% | 13.68M | $4.68B |
| 3 | Vanguard Portfolio Management LLC | 4.55% | 7.89M | $2.70B |
| 4 | Vanguard Capital Management LLC | 3.88% | 6.73M | $2.30B |
| 5 | Invesco Ltd. | 2.83% | 4.91M | $1.68B |
| 6 | State Street Corporation | 2.12% | 3.68M | $1.26B |
| 7 | Geode Capital Management, LLC | 1.61% | 2.80M | $956.88M |
| 8 | Price (T.Rowe) Associates Inc | 1.39% | 2.41M | $824.62M |
| 9 | Van Eck Associates Corporation | 1.29% | 2.24M | $765.85M |
| 10 | Bank of America Corporation | 1.27% | 2.20M | $752.26M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for ALAB
Astera Labs Gains Ahead of Q3 as Scorpio Switches Set Up a 40% Sequential Jump
Key TakeawaysAstera Labs guided Q3 revenue to $540 million to $560 million, about 40% above Q2’s record $392. 4 million at the midpoint.
Astera Labs, Inc. (ALAB) Outpaces Stock Market Gains: What You Should Know
In the closing of the recent trading day, Astera Labs, Inc. (ALAB) stood at $290.06, denoting a +1.85% move from the preceding trading day.
Astera Labs (ALAB): Is the AI-Connectivity Competitor Ready for the S&P 500?
Astera Labs, Inc. (NASDAQ:ALAB) makes the specialized chips and hardware that move data between processors, memory, and accelerators inside AI data centers. At roughly $50 billion in market value, the company is among our list of 9 New Cont…
Astera Labs Lost 11% in a Week. Stifel Sees 60% Upside From Here
Key TakeawaysAstera Labs fell 11. 6% in the past week (through Monday’s close).
Astera Labs Stock Is Betting on Modular AI Racks and PCIe 7 Growth
Astera Labs announced Orion, a modular rack-scale reference design for AI inference, alongside an expanded Aries 7 PCIe 7 signal conditioning portfolio that spans retimers, redrivers, cable modules, and optical components. The Orion archite…
Why Northland Downgraded Astera Labs Even Though It Expects Earnings to Rise
Astera Labs faces near-term valuation and customer-concentration risks, but rising Scorpio X demand, a broader customer base, and improving profitability support its longer-term growth outlook.
ALAB — Frequently Asked Questions
What is the current share price of Astera Labs, Inc. (ALAB)?
As of 2026-10-23 16:27 PDT, Astera Labs, Inc. (ALAB) trades at $257.16 on NasdaqGS. Its 52-week range is $100.27 to $483.02.
What is the market capitalisation of ALAB?
Astera Labs, Inc. (ALAB) has a market capitalisation of $44.61B on NasdaqGS.
What is the P/E ratio of ALAB?
ALAB trades at a trailing price-to-earnings (P/E) ratio of 126.68. The industry average P/E is 30.29. Its price-to-book (P/B) ratio is 34.40.
What is the return on equity (ROE) of ALAB?
ALAB has a return on equity (ROE) of 25.83%. Its return on capital employed (ROCE) is 12.40%.
Is ALAB a good stock to buy?
This page provides a data-driven analysis of Astera Labs, Inc. (ALAB), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.