Astera Labs, Inc. (ALAB)
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.
- Symbol
- ALAB
- Exchange
- Nasdaq
- Sector
- Technology
- Industry
- Semiconductors
- Market cap
- $62.24B
- 52 week range
- 97.89 - 499.48
Valuation
- Share price
- $360.46 (close of 2026-09-23)
- P/E (TTM)
- 164.56x
- Price to book
- 36.06x
- Price to free cash flow
- 224.94x
- Enterprise value
- $62.17B
- Book value per share
- $9.95
Price performance
| Period | Change |
|---|
| 1 day | -0.83% |
| 5 days | +33.91% |
| 1 month | +26.49% |
| 3 months | -9.21% |
| 6 months | +191.00% |
| Year to date | +116.67% |
| 1 year | +56.65% |
| All time | +481.11% |
Profitability and growth
- Return on equity
- 16.07%
- Return on invested capital
- 14.45%
- Return on assets
- 14.31%
- Return on capital employed
- 12.40%
- Gross margin
- 75.69%
- Net margin
- 25.70%
- EBITDA margin
- 21.14%
- Revenue growth
- 115.13%
- Net income growth
- 362.68%
- Free cash flow growth
- 175.07%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 0.44%
- Current ratio
- 10.05x
- Net debt to EBITDA
- -0.23x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $852.52M
- Cost of revenue
- $207.26M
- Gross profit
- $645.26M
- EBITDA
- $180.25M
- Net income
- $219.13M
- Earnings per share
- $1.32
- Research and development
- $304.00M
- Shares outstanding
- 166.41M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $852.52M | $645.26M | $219.13M | $1.32 |
| 2024-12-31 | $396.29M | $302.70M | $-83.42M | $-0.64 |
| 2023-12-31 | $115.79M | $79.83M | $-26.26M | $-0.71 |
| 2022-12-31 | $79.87M | $58.68M | $-58.34M | $-1.71 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 75.69% | 25.70% | 16.07% | 14.45% |
| 2024-12-31 | 76.38% | -21.05% | -8.65% | -13.09% |
| 2023-12-31 | 68.94% | -22.68% | 26.87% | - |
| 2022-12-31 | 73.47% | -73.05% | 68.41% | - |
Cash and debt by year
| Period end | Cash |
|---|
| 2025-12-31 | $167.61M |
| 2024-12-31 | $79.55M |
| 2023-12-31 | $45.10M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $281.76M | $160.03M |
| 2024-12-31 | $102.43M | $234.59M |
| 2023-12-31 | $-15.48M | $10.68M |
| 2022-12-31 | $-39.77M | $30.23M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-03
- Consensus EPS estimate
- $0.83
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-04 | Jun/2026 | $0.42 |
| 2026-05-05 | - | - |
| 2026-02-10 | - | - |
| 2025-11-04 | - | - |
| 2025-08-05 | - | - |
| 2025-05-06 | - | - |
| 2025-02-10 | - | - |
| 2024-11-04 | - | - |
Filings and sources
- Company website
- asteralabs.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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