Symbols / ALAB Stock $212.84 +7.75% Astera Labs, Inc.

Technology • Semiconductors • United States • NMS
ALAB (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Semiconductors
CEO Mr. Jitendra Mohan
Exch · Country NMS · United States
Market Cap 36.46B
Enterprise Value 35.07B
Income 219.13M
Sales 852.52M
FCF (ttm) 206.81M
Book/sh 8.01
Cash/sh 6.98
Employees 756
Insider 10d —
IPO Mar 20, 2024
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 175.90
Forward P/E 59.38
PEG —
P/S 42.76
P/B 26.56
P/C —
EV/EBITDA 194.56
EV/Sales 41.14
Quick Ratio 9.56
Current Ratio 10.24
Debt/Eq 2.27
LT Debt/Eq —
EPS (ttm) 1.21
EPS next Y 3.58
EPS Growth 83.60%
Revenue Growth 91.80%
EPS Gr Q/Q 82.00%
Rev Gr Q/Q —
Earnings (next) 2026-05-05
Earnings (prior) 2026-02-10
ROA 8.38%
ROE 18.82%
ROIC —
Gross Margin 75.69%
Oper. Margin 24.75%
Profit Margin 25.70%
Shs Outstand 171.28M
Shs Float 140.36M
Insider Own 10.83%
Instit Own 79.42%
Short Float 11.11%
Short Ratio 2.86
Short Interest 14.44M
52W High 262.90
vs 52W High -19.04%
52W Low 62.31
vs 52W Low 241.58%
Beta 1.79
Impl. Vol. 1.04%
Rel Volume 1.23
Avg Volume 5.40M
Volume 6.64M
Target (mean) $202.86
Tgt Median $205.00
Tgt Low $140.00
Tgt High $250.00
# Analysts 21
Recom Buy
Prev Close $197.54
Price $212.84
Change 7.75%
About

Astera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. 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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$202.86
Mean price target
2. Current target
$212.84
Latest analyst target
3. DCF / Fair value
$21.73
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$212.84
Low
$140.00
High
$250.00
Mean
$202.86

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-21 init UBS — → Neutral $180
2026-04-02 main Citigroup Buy → Buy $200
2026-03-05 init Loop Capital — → Buy $250
2026-02-11 main Citigroup Buy → Buy $250
2026-01-15 init RBC Capital — → Outperform $225
2025-12-09 main Northland Capital Markets Outperform → Outperform $195
2025-11-20 init BNP Paribas Exane — → Outperform $225
2025-11-17 up Northland Capital Markets Market Perform → Outperform $175
2025-11-05 main JP Morgan Overweight → Overweight $215
2025-11-05 main TD Cowen Hold → Hold $170
2025-11-05 main Morgan Stanley Overweight → Overweight $210
2025-11-05 main Roth Capital Buy → Buy $225
2025-11-05 main Stifel Buy → Buy $200
2025-11-05 main Needham Buy → Buy $220
2025-10-20 down Barclays Overweight → Equal-Weight $155
2025-10-17 main Stifel Buy → Buy $185
2025-09-17 main Citigroup Buy → Buy $275
2025-09-02 main Deutsche Bank Buy → Buy $200
2025-08-29 main Morgan Stanley Overweight → Overweight $200
2025-08-29 init CICC — → Outperform $190
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-20 DYCKERHOFF STEFAN A Director — 24,998 $175.00 $4,376,258
2026-04-20 MOHAN JITENDRA Chief Executive Officer — 335,881 $167.95 $57,852,785
2026-04-15 MOHAN JITENDRA Chief Executive Officer — 2,967 $174.57 $518,036
2026-04-10 MOHAN JITENDRA Chief Executive Officer — 123,750 $149.53 $18,522,445
2026-04-01 MAZZARA PHILIP General Counsel — 10,000 $106.34 $1,077,663
2026-04-01 ALBA MANUEL Director — 183,000 $106.32 $19,693,397
2026-03-17 MOHAN JITENDRA Chief Executive Officer — 157,500 $125.56 $20,723,773
2026-03-16 LAZAR JACK R Director — 2,500 $130.00 $325,000
2026-03-05 LAZAR JACK R Director — 7,500 $118.15 $898,472
2026-03-02 MAZZARA PHILIP General Counsel — 10,000 $113.85 $1,174,741
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
852.52
+115.13%
396.29
+242.24%
115.79
+44.97%
79.87
Operating Revenue
852.52
+115.13%
396.29
+242.24%
115.79
+44.97%
79.87
Cost Of Revenue
207.26
+121.46%
93.59
+160.21%
35.97
+69.73%
21.19
Reconciled Cost Of Revenue
207.26
+121.46%
93.59
+160.21%
35.97
+69.73%
21.19
Gross Profit
645.26
+113.17%
302.70
+279.19%
79.83
+36.04%
58.68
Operating Expense
471.84
+12.67%
418.76
+283.05%
109.32
-8.03%
118.88
Research And Development
304.00
+51.37%
200.83
+173.58%
73.41
-0.41%
73.71
Selling General And Administration
167.84
-22.99%
217.94
+506.77%
35.92
-20.47%
45.16
Selling And Marketing Expense
79.77
-35.49%
123.65
+518.51%
19.99
-18.09%
24.41
General And Administrative Expense
88.07
-6.59%
94.28
+492.04%
15.93
-23.28%
20.76
Other Gand A
88.07
-6.59%
94.28
+492.04%
15.93
-23.28%
20.76
Total Expenses
679.10
+32.54%
512.36
+252.64%
145.29
+3.73%
140.07
Operating Income
173.42
+249.42%
-116.07
-293.48%
-29.50
+51.00%
-60.19
Total Operating Income As Reported
173.42
+249.42%
-116.07
-293.48%
-29.50
+51.00%
-60.19
EBITDA
180.25
+259.64%
-112.91
-307.39%
-27.72
+53.33%
-59.39
Normalized EBITDA
180.25
+259.64%
-112.91
-307.39%
-27.72
+53.33%
-59.39
Reconciled Depreciation
6.83
+116.52%
3.15
+77.09%
1.78
+120.69%
0.81
EBIT
173.42
+249.42%
-116.07
-293.48%
-29.50
+51.00%
-60.19
Net Income
219.13
+362.68%
-83.42
-217.71%
-26.26
+55.00%
-58.34
Pretax Income
218.15
+366.76%
-81.78
-256.36%
-22.95
+60.15%
-57.58
Net Non Operating Interest Income Expense
44.73
+30.45%
34.29
+423.56%
6.55
+150.63%
2.61
Net Interest Income
44.73
+30.45%
34.29
+423.56%
6.55
+150.63%
2.61
Interest Income Non Operating
44.73
+30.45%
34.29
+423.56%
6.55
+150.63%
2.61
Interest Income
44.73
+30.45%
34.29
+423.56%
6.55
+150.63%
2.61
Tax Provision
-0.98
-159.71%
1.64
-50.35%
3.31
+333.12%
0.76
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
219.13
+362.68%
-83.42
-217.71%
-26.26
+55.00%
-58.34
Net Income From Continuing Operation Net Minority Interest
219.13
+362.68%
-83.42
-217.71%
-26.26
+55.00%
-58.34
Net Income From Continuing And Discontinued Operation
219.13
+362.68%
-83.42
-217.71%
-26.26
+55.00%
-58.34
Net Income Continuous Operations
219.13
+362.68%
-83.42
-217.71%
-26.26
+55.00%
-58.34
Normalized Income
219.13
+362.68%
-83.42
-217.71%
-26.26
+55.00%
-58.34
Net Income Common Stockholders
219.13
+362.68%
-83.42
-217.71%
-26.26
+55.00%
-58.34
Diluted EPS
1.22
+290.62%
-0.64
-271.72%
-0.17
+61.50%
-0.45
Basic EPS
1.32
+306.25%
-0.64
-271.72%
-0.17
+61.50%
-0.45
Basic Average Shares
166.41
+26.78%
131.26
-13.93%
152.50
+16.90%
130.45
Diluted Average Shares
179.55
+36.79%
131.26
-13.93%
152.50
+16.90%
130.45
Diluted NI Availto Com Stockholders
219.13
+362.68%
-83.42
-217.71%
-26.26
+55.00%
-58.34
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
1,531.82
+45.26%
1,054.51
+437.21%
196.29
-7.29%
211.73
Current Assets
1,362.03
+34.46%
1,012.98
+445.18%
185.81
-9.80%
206.00
Cash Cash Equivalents And Short Term Investments
1,188.82
+30.02%
914.30
+512.34%
149.31
-8.48%
163.14
Cash And Cash Equivalents
167.61
+110.70%
79.55
+76.40%
45.10
-40.73%
76.09
Other Short Term Investments
1,021.21
+22.34%
834.75
+700.99%
104.22
+19.71%
87.06
Receivables
83.20
+114.38%
38.81
+365.64%
8.34
-22.26%
10.72
Accounts Receivable
83.20
+114.38%
38.81
+365.64%
8.34
-22.26%
10.72
Inventory
58.98
+36.48%
43.22
+79.35%
24.09
-16.55%
28.87
Raw Materials
0.08
-63.32%
0.23
-89.81%
2.25
-17.39%
2.72
Work In Process
35.75
+33.93%
26.70
+126.61%
11.78
-37.86%
18.96
Finished Goods
23.14
+42.06%
16.29
+61.81%
10.07
+39.89%
7.20
Prepaid Assets
—
—
3.38
+22.52%
2.76
Other Current Assets
31.03
+86.36%
16.65
+309.74%
4.06
+698.43%
0.51
Total Non Current Assets
169.79
+308.85%
41.53
+296.08%
10.48
+83.11%
5.73
Net PPE
92.04
+158.16%
35.65
+656.60%
4.71
+33.71%
3.52
Gross PPE
103.76
+150.12%
41.48
+461.28%
7.39
+67.14%
4.42
Accumulated Depreciation
-11.72
-100.96%
-5.83
-117.73%
-2.68
-198.33%
-0.90
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
—
0.35
+45.87%
0.24
-0.41%
0.24
Construction In Progress
40.51
+39.38%
29.06
0.00
—
Other Properties
51.81
+360.09%
11.26
+67.77%
6.71
+69.54%
3.96
Leases
11.44
+886.97%
1.16
+165.22%
0.44
+98.64%
0.22
Other Non Current Assets
77.75
+1222.81%
5.88
+1.82%
5.77
+162.17%
2.20
Total Liabilities Net Minority Interest
168.19
+87.48%
89.71
-69.49%
293.99
-1.02%
297.02
Current Liabilities
133.04
+53.73%
86.54
+146.71%
35.08
-12.50%
40.09
Payables And Accrued Expenses
49.99
+54.61%
32.34
+238.21%
9.56
-66.78%
28.78
Payables
42.36
+57.37%
26.92
+324.78%
6.34
-38.45%
10.29
Accounts Payable
42.36
+57.37%
26.92
+324.78%
6.34
-38.45%
10.29
Current Accrued Expenses
7.63
+40.86%
5.42
+68.05%
3.22
-82.56%
18.48
Pensionand Other Post Retirement Benefit Plans Current
46.51
+57.58%
29.52
+97.79%
14.92
+85.86%
8.03
Current Debt And Capital Lease Obligation
4.15
+222.40%
1.29
-40.35%
2.16
+35.00%
1.60
Current Capital Lease Obligation
4.15
+222.40%
1.29
-40.35%
2.16
+35.00%
1.60
Current Deferred Liabilities
0.00
-100.00%
15.00
0.00
—
Current Deferred Revenue
0.00
-100.00%
15.00
0.00
—
Other Current Liabilities
32.39
+285.44%
8.40
-0.41%
8.44
+400.83%
1.69
Total Non Current Liabilities Net Minority Interest
35.15
+1009.79%
3.17
-98.78%
258.91
+0.77%
256.93
Other Non Current Liabilities
35.15
+1009.79%
3.17
-16.37%
3.79
+109.69%
1.81
Preferred Securities Outside Stock Equity
—
0.00
-100.00%
255.13
+0.00%
255.13
Stockholders Equity
1,363.63
+41.34%
964.80
+1087.50%
-97.70
-14.55%
-85.29
Common Stock Equity
1,363.63
+41.34%
964.80
+1087.50%
-97.70
-14.55%
-85.29
Capital Stock
0.02
+6.25%
0.02
+300.00%
0.00
+0.00%
0.00
Common Stock
0.02
+6.25%
0.02
+300.00%
0.00
+0.00%
0.00
Share Issued
170.19
+5.04%
162.02
+6.24%
152.50
+0.00%
152.50
Ordinary Shares Number
170.19
+5.04%
162.02
+6.24%
152.50
+0.00%
152.50
Additional Paid In Capital
1,348.97
+14.99%
1,173.15
+4179.86%
27.41
+95.08%
14.05
Retained Earnings
10.34
+104.95%
-208.80
-66.54%
-125.38
-26.49%
-99.12
Gains Losses Not Affecting Retained Earnings
4.31
+911.74%
0.43
+64.48%
0.26
+213.10%
-0.23
Other Equity Adjustments
4.31
+911.74%
0.43
+64.48%
0.26
+213.10%
-0.23
Total Equity Gross Minority Interest
1,363.63
+41.34%
964.80
+1087.50%
-97.70
-14.55%
-85.29
Total Capitalization
1,363.63
+41.34%
964.80
+1087.50%
-97.70
-14.55%
-85.29
Working Capital
1,228.99
+32.66%
926.44
+514.64%
150.73
-9.15%
165.91
Invested Capital
1,363.63
+41.34%
964.80
+1087.50%
-97.70
-14.55%
-85.29
Total Debt
4.15
+222.40%
1.29
-40.35%
2.16
+35.00%
1.60
Capital Lease Obligations
4.15
+222.40%
1.29
-40.35%
2.16
+35.00%
1.60
Net Tangible Assets
1,363.63
+41.34%
964.80
+1087.50%
-97.70
-14.55%
-85.29
Tangible Book Value
1,363.63
+41.34%
964.80
+1087.50%
-97.70
-14.55%
-85.29
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
319.31
+133.62%
136.68
+1174.83%
-12.72
+64.58%
-35.90
Cash Flow From Continuing Operating Activities
319.31
+133.62%
136.68
+1174.83%
-12.72
+64.58%
-35.90
Net Income From Continuing Operations
219.13
+362.68%
-83.42
-217.71%
-26.26
+55.00%
-58.34
Depreciation Amortization Depletion
6.83
+116.52%
3.15
+77.09%
1.78
+120.69%
0.81
Depreciation
—
3.15
+77.09%
1.78
+120.69%
0.81
Depreciation And Amortization
6.83
+116.52%
3.15
+77.09%
1.78
+120.69%
0.81
Other Non Cash Items
1.69
-37.12%
2.69
-76.82%
11.61
+701.73%
1.45
Stock Based Compensation
160.03
-31.78%
234.59
+2096.72%
10.68
-64.68%
30.23
Asset Impairment Charge
—
0.17
-98.38%
10.34
+9302.73%
0.11
Operating Gains Losses
5.51
+295.27%
1.40
+73.29%
0.81
+134.69%
0.34
Gain Loss On Investment Securities
5.51
+295.27%
1.40
+73.29%
0.81
+134.69%
0.34
Change In Working Capital
-65.96
-396.16%
-13.29
-37.42%
-9.68
+2.97%
-9.97
Change In Receivables
-44.34
-45.48%
-30.48
-1377.45%
2.39
+139.52%
-6.04
Changes In Account Receivables
-44.34
-45.48%
-30.48
-1377.45%
2.39
+139.52%
-6.04
Change In Inventory
-12.95
+32.86%
-19.29
-246.64%
-5.56
+71.26%
-19.36
Change In Prepaid Assets
-33.76
-159.05%
-13.03
-1709.86%
-0.72
+45.95%
-1.33
Change In Payables And Accrued Expense
29.96
-42.27%
51.91
+1271.41%
-4.43
-124.51%
18.08
Change In Accrued Expense
15.77
-49.16%
31.02
+18673.65%
-0.17
-101.05%
15.95
Change In Payable
14.19
-32.04%
20.89
+589.85%
-4.26
-300.56%
2.13
Change In Account Payable
14.19
-32.04%
20.89
+589.85%
-4.26
-300.56%
2.13
Change In Other Current Liabilities
-4.88
-103.08%
-2.40
-78.45%
-1.35
-1.97%
-1.32
Investing Cash Flow
-241.47
+68.13%
-757.57
-4162.71%
-17.77
+80.38%
-90.59
Cash Flow From Continuing Investing Activities
-241.47
+68.13%
-757.57
-4162.71%
-17.77
+80.38%
-90.59
Net PPE Purchase And Sale
-37.54
-9.63%
-34.24
-1140.31%
-2.76
+28.71%
-3.87
Purchase Of PPE
-37.54
-9.63%
-34.24
-1140.31%
-2.76
+28.71%
-3.87
Capital Expenditure
-37.54
-9.63%
-34.24
-1140.31%
-2.76
+28.71%
-3.87
Net Investment Purchase And Sale
-174.64
+75.81%
-721.91
-4709.21%
-15.01
+82.69%
-86.72
Purchase Of Investment
-857.75
+7.83%
-930.58
-637.24%
-126.22
-42.28%
-88.71
Sale Of Investment
683.11
+227.37%
208.66
+87.62%
111.21
+5471.84%
2.00
Net Business Purchase And Sale
-28.79
0.00
0.00
—
Purchase Of Business
-28.79
0.00
0.00
—
Net Other Investing Changes
-0.50
+64.61%
-1.41
—
—
Financing Cash Flow
9.80
-98.51%
655.84
+130745.02%
-0.50
-100.33%
151.67
Cash Flow From Continuing Financing Activities
9.80
-98.51%
655.84
+130745.02%
-0.50
-100.33%
151.67
Net Common Stock Issuance
0.00
-100.00%
671.13
+319686.67%
-0.21
+32.91%
-0.31
Common Stock Payments
0.00
+100.00%
-1.07
-407.62%
-0.21
+32.91%
-0.31
Repurchase Of Capital Stock
0.00
+100.00%
-1.07
-407.62%
-0.21
+32.91%
-0.31
Proceeds From Stock Option Exercised
9.80
+1.92%
9.62
+762.60%
1.11
-47.28%
2.12
Net Other Financing Charges
—
-24.91
-1670.58%
-1.41
—
Changes In Cash
87.64
+150.79%
34.95
+212.77%
-30.99
-223.07%
25.18
Beginning Cash Position
80.04
+77.49%
45.10
-40.73%
76.09
+49.46%
50.91
End Cash Position
167.68
+109.49%
80.04
+77.49%
45.10
-40.73%
76.09
Free Cash Flow
281.76
+175.07%
102.43
+761.83%
-15.48
+61.08%
-39.77
Income Tax Paid Supplemental Data
1.64
-78.97%
7.79
+214.61%
2.48
0.00
Amortization Of Securities
-7.93
+5.97%
-8.44
-408.81%
-1.66
-215.81%
-0.53
Common Stock Issuance
0.00
-100.00%
672.20
0.00
0.00
Issuance Of Capital Stock
0.00
-100.00%
672.20
0.00
-100.00%
149.87
Net Preferred Stock Issuance
—
0.00
0.00
-100.00%
149.87
Preferred Stock Issuance
—
0.00
0.00
-100.00%
149.87
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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