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Astera Labs, Inc. Common Stock(ALAB)Earnings, Financials & Key Ratios
ALAB•NASDAQ
$214.01
$36.43B mkt cap·175.4× P/E·Price updated May 6, 2026
AboutAstera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform is comprised of a portfolio of data, network, and memory connectivity products, which are built on a unifying software-defined architecture that enables customers to deploy and operate high performance cloud and AI infrastructure at scale. The company was incorporated in 2017 and is based in Santa Clara, California.Show more
- Revenue$853M+115.1%
- EBITDA$180M+259.6%
- Net Income$219M+362.7%
- EPS (Diluted)1.22+290.6%
- Gross Margin75.69%-0.9%
- EBITDA Margin21.14%+174.2%
- Operating Margin20.34%+169.5%
- Net Margin25.7%+222.1%
- ROE18.82%+226.6%
- ROIC12.28%+170.7%
- Debt/Equity0.03+1833.6%
ALAB Key Insights
Astera Labs, Inc. Common Stock (ALAB) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓FCF machine: 33.1% free cash flow margin
- ✓Momentum leader: RS Rating 87 (top 13%)
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
- ✗Shares diluted 36.8% in last year
- ✗Expensive at 28.2x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ALAB Price & Volume
Astera Labs, Inc. Common Stock (ALAB) stock price & volume — 10-year historical chart
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ALAB Growth Metrics
Astera Labs, Inc. Common Stock (ALAB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years120.18%
TTM104.18%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM546.55%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM563.68%
Return on Capital
10 Years-14.67%
5 Years-14.67%
3 Years-7.88%
Last Year14.66%
ALAB Recent Earnings
Astera Labs, Inc. Common Stock (ALAB) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (100%)●Beat Revenue 7/12 qtrs (78%)
Q2 2026Latest
May 5, 2026EPS
$0.61
Est $0.54
+13.6%
Revenue
$308M
Est $292M
+5.5%
Q1 2026
Feb 10, 2026EPS
$0.58
Est $0.52
+12.4%
Revenue
$271M
Est $250M
+8.4%
Q4 2025
Nov 4, 2025EPS
$0.49
Est $0.39
+25.7%
Revenue
$231M
Est $206M
+11.7%
Q3 2025
Aug 5, 2025EPS
$0.44
Est $0.32
+35.8%
Revenue
$192M
Est $172M
+11.3%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.61vs $0.54+13.6% | $308Mvs $292M+5.5% |
| Q1 2026 | Feb 10, 2026 | $0.58vs $0.52+12.4% | $271Mvs $250M+8.4% |
| Q4 2025 | Nov 4, 2025 | $0.49vs $0.39+25.7% | $231Mvs $206M+11.7% |
| Q3 2025 | Aug 5, 2025 | $0.44vs $0.32+35.8% | $192Mvs $172M+11.3% |
Based on last 12 quarters of dataView full earnings history →
ALAB Peer Comparison
Astera Labs, Inc. Common Stock (ALAB) competitors in Analog, Mixed-Signal and RF Chips — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MRVL | 149.08B | 172.15 | 56.07 | 42.09% | 32.58% | 19.38% | 0.31 | |
 CRUS | 8.55B | 167.69 | 27.95 | 5.99% | 20.75% | 20.21% | 0.07 | |
 MTSI | 23.24B | 309.81 | -424.40 | 32.58% | 15.88% | 11.98% | 0.41 | |
 ALGM | 9.52B | 51.37 | -131.72 | -30.91% | -1.57% | -1.37% | 0.40 | |
 AXTI | 4.61B | 104.83 | -213.94 | -11.11% | -24.07% | -8.01% | 0.20 | |
 NVDA | 5.05T | 207.67 | 42.38 | 65.47% | 55.6% | 76.33% | 0.07 | |
 AMD | 687.16B | 421.47 | 159.04 | 34.34% | 13.33% | 8.05% | 0.07 | |
 INTC | 567.42B | 113.01 | -1918.68 | -0.47% | -5.9% | -2.68% | 0.37 |
Compare ALAB vs Peers
Astera Labs, Inc. Common Stock (ALAB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ALAB Income Statement
Astera Labs, Inc. Common Stock (ALAB) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
| Sales/Revenue | 79.87M | 115.79M | 396.29M | 852.52M | 1B |
| Revenue Growth % | - | 44.97% | 242.24% | 115.13% | 104.18% |
| Cost of Goods Sold | 21.19M | 35.97M | 93.59M | 207.26M | 240.45M |
| COGS % of Revenue | 26.53% | 31.06% | 23.62% | 24.31% | - |
| Gross Profit | 58.68M▲ 0% | 79.83M▲ 36.0% | 302.7M▲ 279.2% | 645.26M▲ 113.2% | 760.99M▲ 0% |
| Gross Margin % | 73.47% | 68.94% | 76.38% | 75.69% | 75.99% |
| Gross Profit Growth % | - | 36.04% | 279.19% | 113.17% | - |
| Operating Expenses | 118.88M | 109.32M | 418.76M | 471.84M | 537.02M |
| OpEx % of Revenue | 148.83% | 94.41% | 105.67% | 55.35% | - |
| Selling, General & Admin | 45.16M | 35.92M | 217.94M | 167.84M | 171.94M |
| SG&A % of Revenue | 56.55% | 31.02% | 54.99% | 19.69% | - |
| Research & Development | 73.71M | 73.41M | 200.83M | 304M | 365.08M |
| R&D % of Revenue | 92.29% | 63.39% | 50.68% | 35.66% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -60.19M▲ 0% | -29.5M▲ 51.0% | -116.07M▼ 293.5% | 173.42M▲ 249.4% | 223.97M▲ 0% |
| Operating Margin % | -75.36% | -25.47% | -29.29% | 20.34% | 22.36% |
| Operating Income Growth % | - | 51% | -293.48% | 249.42% | - |
| EBITDA | -59.39M | -27.72M | -112.91M | 180.25M | 233.42M |
| EBITDA Margin % | -74.35% | -23.94% | -28.49% | 21.14% | 23.31% |
| EBITDA Growth % | - | 53.33% | -307.39% | 259.64% | 1386.13% |
| D&A (Non-Cash Add-back) | 807K | 1.78M | 3.15M | 6.83M | 9.45M |
| EBIT | -60.19M | -29.5M | -116.07M | 218.15M | 247.38M |
| Net Interest Income | 2.61M | 6.55M | 34.29M | 44.73M | 45.88M |
| Interest Income | 2.61M | 6.55M | 34.29M | 44.73M | 45.88M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 2.61M | 6.55M | 34.29M | 44.73M | 45.88M |
| Pretax Income | -57.58M▲ 0% | -22.95M▲ 60.1% | -81.78M▼ 256.4% | 218.15M▲ 366.8% | 269.85M▲ 0% |
| Pretax Margin % | -72.09% | -19.82% | -20.64% | 25.59% | 26.95% |
| Income Tax | 764K | 3.31M | 1.64M | -981K | 2.23M |
| Effective Tax Rate % | -1.33% | -14.42% | -2.01% | -0.45% | 0.82% |
| Net Income | -58.34M▲ 0% | -26.26M▲ 55.0% | -83.42M▼ 217.7% | 219.13M▲ 362.7% | 267.63M▲ 0% |
| Net Margin % | -73.05% | -22.68% | -21.05% | 25.7% | 26.72% |
| Net Income Growth % | - | 55% | -217.71% | 362.68% | 546.55% |
| Net Income (Continuing) | -58.34M | -26.26M | -83.42M | 219.13M | 267.63M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.45▲ 0% | -0.17▲ 62.2% | -0.64▼ 276.5% | 1.22▲ 290.6% | 1.48▲ 0% |
| EPS Growth % | - | 62.22% | -276.47% | 290.63% | 563.68% |
| EPS (Basic) | -0.45 | -0.17 | -0.64 | 1.32 | - |
| Diluted Shares Outstanding | 130.45M | 152.5M | 131.26M | 179.55M | 181.16M |
| Basic Shares Outstanding | 130.45M | 152.5M | 131.26M | 166.41M | 170.73M |
| Dividend Payout Ratio | - | - | - | - | - |
ALAB Balance Sheet
Astera Labs, Inc. Common Stock (ALAB) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
| Total Current Assets | 206M | 185.81M | 1.01B | 1.36B | 1.41B |
| Cash & Short-Term Investments | 163.14M | 149.31M | 914.3M | 1.19B | 1.18B |
| Cash Only | 76.09M | 45.1M | 79.55M | 167.61M | 148.28M |
| Short-Term Investments | 87.06M | 104.22M | 834.75M | 1.02B | 1.04B |
| Accounts Receivable | 10.72M | 8.34M | 38.81M | 83.2M | 134.8M |
| Days Sales Outstanding | 48.99 | 26.27 | 35.75 | 35.62 | 25.99 |
| Inventory | 28.87M | 24.09M | 43.22M | 58.98M | 60.16M |
| Days Inventory Outstanding | 497.33 | 244.52 | 168.54 | 103.86 | 87.06 |
| Other Current Assets | 509K | 686K | 16.65M | 31.03M | 33.51M |
| Total Non-Current Assets | 5.73M | 10.48M | 41.53M | 169.79M | 246.28M |
| Property, Plant & Equipment | 3.52M | 7.58M | 35.65M | 92.04M | 97.17M |
| Fixed Asset Turnover | 22.67x | 15.27x | 11.12x | 9.26x | 12.37x |
| Goodwill | 0 | 0 | 0 | 0 | 87.72M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2.2M | 2.9M | 5.88M | 77.75M | 206.26M |
| Total Assets | 211.73M▲ 0% | 196.29M▼ 7.3% | 1.05B▲ 437.2% | 1.53B▲ 45.3% | 1.66B▲ 0% |
| Asset Turnover | 0.38x | 0.59x | 0.38x | 0.56x | 0.68x |
| Asset Growth % | - | -7.29% | 437.21% | 45.26% | 174.59% |
| Total Current Liabilities | 40.09M | 35.08M | 86.54M | 133.04M | 125.04M |
| Accounts Payable | 10.29M | 6.34M | 26.92M | 42.36M | 55.82M |
| Days Payables Outstanding | 177.32 | 64.31 | 104.98 | 74.6 | 59.04 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 15M | 0 | 10M |
| Other Current Liabilities | 9.71M | 11.66M | 37.92M | 90.68M | 69.23M |
| Current Ratio | 5.14x | 5.30x | 11.71x | 10.24x | 10.24x |
| Quick Ratio | 4.42x | 4.61x | 11.21x | 9.79x | 9.79x |
| Cash Conversion Cycle | 369 | 206.48 | 99.3 | 64.89 | 54.01 |
| Total Non-Current Liabilities | 256.93M | 3.79M | 3.17M | 35.15M | 40.22M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 778K | 0 | 35.15M | 62.03M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 256.93M | 3.01M | 3.17M | 0 | 44.26M |
| Total Liabilities | 297.02M | 38.87M | 89.71M | 168.19M | 165.27M |
| Total Debt | 1.6M | 2.93M | 1.29M | 35.15M | 0 |
| Net Debt | -74.49M | -42.16M | -78.27M | -132.46M | -148.28M |
| Debt / Equity | - | 0.02x | 0.00x | 0.03x | 0.03x |
| Debt / EBITDA | - | - | - | 0.19x | 0.00x |
| Net Debt / EBITDA | - | - | - | -0.73x | -0.73x |
| Interest Coverage | - | - | - | - | - |
| Total Equity | -85.29M▲ 0% | 157.43M▲ 284.6% | 964.8M▲ 512.9% | 1.36B▲ 41.3% | 1.49B▲ 0% |
| Equity Growth % | - | 284.57% | 512.86% | 41.34% | 162.09% |
| Book Value per Share | -0.65 | 1.03 | 7.35 | 7.59 | 8.25 |
| Total Shareholders' Equity | -85.29M | 157.43M | 964.8M | 1.36B | 1.49B |
| Common Stock | 4K | 4K | 16K | 17K | 17K |
| Retained Earnings | -99.12M | -125.38M | -208.8M | 10.34M | 90.65M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -229K | 259K | 426K | 4.31M | -780K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
ALAB Cash Flow Statement
Astera Labs, Inc. Common Stock (ALAB) cash flow — operating, investing & free cash flow history
| Line item | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | -35.9M | -12.72M | 136.68M | 319.31M | 319.31M |
| Operating CF Margin % | -44.94% | -10.98% | 34.49% | 37.45% | - |
| Operating CF Growth % | - | 64.58% | 1174.83% | 133.62% | 1127.27% |
| Net Income | -58.34M | -26.26M | -83.42M | 219.13M | 267.63M |
| Depreciation & Amortization | 807K | 1.78M | 3.15M | 6.83M | 6.57M |
| Stock-Based Compensation | 30.23M | 10.68M | 234.59M | 160.03M | 125.13M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.38M | 10.76M | -4.35M | -726K | -12.34M |
| Working Capital Changes | -9.97M | -9.68M | -13.29M | -65.96M | -3.58M |
| Change in Receivables | -6.04M | 2.39M | -30.48M | -44.34M | -65.16M |
| Change in Inventory | -19.36M | -5.56M | -19.29M | -12.95M | -5.82M |
| Change in Payables | 2.13M | -4.26M | 20.89M | 14.19M | 11.27M |
| Cash from Investing | -90.59M | -17.77M | -757.57M | -241.47M | -331.54M |
| Capital Expenditures | -3.87M | -2.76M | -34.24M | -37.54M | -40.59M |
| CapEx % of Revenue | 4.85% | 2.38% | 8.64% | 4.4% | - |
| Acquisitions | 0 | 0 | 0 | -28.79M | -93.83M |
| Investments | - | - | - | - | - |
| Other Investing | 0 | 0 | -1.41M | -500K | -3M |
| Cash from Financing | 151.67M | -502K | 655.84M | 9.8M | 9.5M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 149.55M | -210K | 671.13M | 9.8M | 13.76M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -313K | -210K | -1.07M | 0 | 0 |
| Other Financing | 2.12M | -292K | -15.29M | 0 | -4.26M |
| Net Change in Cash | 25.18M▲ 0% | -30.99M▼ 223.1% | 34.95M▲ 212.8% | 87.64M▲ 150.8% | 61.29M▲ 0% |
| Free Cash Flow | -39.77M▲ 0% | -15.48M▲ 61.1% | 102.43M▲ 761.8% | 281.76M▲ 175.1% | 342.81M▲ 0% |
| FCF Margin % | -49.79% | -13.37% | 25.85% | 33.05% | 34.23% |
| FCF Growth % | - | 61.08% | 761.83% | 175.07% | 216.92% |
| FCF per Share | -0.30 | -0.10 | 0.78 | 1.57 | 1.57 |
| FCF Conversion (FCF/Net Income) | 0.62x | 0.48x | -1.64x | 1.46x | 1.28x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 2.48M | 7.79M | 0 | 0 |
ALAB Key Ratios
Astera Labs, Inc. Common Stock (ALAB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|
| Return on Equity (ROE) | -72.8% | -14.87% | 18.82% | 20.33% |
| Return on Invested Capital (ROIC) | -19.19% | -17.38% | 12.28% | 12.28% |
| Gross Margin | 68.94% | 76.38% | 75.69% | 75.99% |
| Net Margin | -22.68% | -21.05% | 25.7% | 26.72% |
| Debt / Equity | 0.02x | 0.00x | 0.03x | 0.03x |
| FCF Conversion | 0.48x | -1.64x | 1.46x | 1.28x |
| Revenue Growth | 44.97% | 242.24% | 115.13% | 104.18% |
ALAB SEC Filings & Documents
Astera Labs, Inc. Common Stock (ALAB) SEC filings — annual & quarterly reports (10-K, 10-Q)
ALAB Frequently Asked Questions
Astera Labs, Inc. Common Stock (ALAB) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Astera Labs, Inc. Common Stock (ALAB) reported $1.00B in revenue for fiscal year 2025. This represents a 1154% increase from $79.9M in 2022.
Astera Labs, Inc. Common Stock (ALAB) grew revenue by 115.1% over the past year. This is strong growth.
Yes, Astera Labs, Inc. Common Stock (ALAB) is profitable, generating $267.6M in net income for fiscal year 2025 (25.7% net margin).
Dividend & Returns
Astera Labs, Inc. Common Stock (ALAB) has a return on equity (ROE) of 18.8%. This is reasonable for most industries.
Astera Labs, Inc. Common Stock (ALAB) generated $342.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More ALAB
Astera Labs, Inc. Common Stock (ALAB) financial analysis — history, returns, DCA and operating performance tools
Full ALAB Stock Analysis
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates