Stock · ALAB · Technology

Astera Labs, Inc.

United States · Large Cap · listed since 2024 · Revenue 12 mo. $1.2B

Price as of 11/06/2026

StockScorer score
4.5
of 10 5 of 11 points Low Match To the score
Price
$190.71
1 Y +7.5%
Market cap
$32.5B
Phase
Scaling
revenue growing, core business only recently profitable
Revenue +120.2% a year (3 years)EBIT margin 20.3%Payout 0.0% of operating cash flow

Astera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure in Taiwan and the United States.

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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.

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Summary

Astera Labs, Inc. is around the middle of the Technology sector overall

44.2 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires more than 30% FCF growth a year, for 10 years.

If free cash flow stays at €252.9M (2025), it supports €2.8B. The remaining €26.4B of the market value assume it grows more than 30% a year for 10 years and not at all afterwards.

Required FCF growth per year

over 30%

no growth afterwards

Market value breakdown€29.2B market value, price as of 11/06/2026

€2.8B without growth
€26.4B priced-in growth

No sign supports the expectation, 1 speaks against it.

What supports it

with respect to the priced-in expectation

No indication in the stored figures.

What speaks against it

with respect to the priced-in expectation

  • Profit well above operating result 1.35 times EBIT, last 12 months

Since the last quarter

Q1 → Q2 2026

A mixed quarter: 2 figures better, 2 worse.

  • Revenue, 12 mo.$1.0B → $1.2B+20.0%better
  • FCF, 12 mo.$342.8M → $276.7M−19.3%worse
  • FCF margin34.2% → 23.0%−11.2 ppworse
  • Return on equity17.9% → 21.4%+3.5 ppbetter

4 more unchanged: Gross margin, EBIT margin, Net debt, Shares outstanding

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability61.5above the middleEarns more than the sector: FCF margin 33.05%, sector 18.54%.
MetricStockSector medianPosition in sector
Return on equity16.07%14.60%Rank 55
Return on capital (Greenblatt)13.13%29.77%Rank 25
EBIT margin20.34%17.40%Rank 59
FCF margin33.05%18.54%Rank 86
Gross margin75.69%48.47%Rank 83
Growth80.5above the middleGrows faster than the sector: Revenue growth, 1 year 115.13%, sector 12.70%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year115.13%12.70%Rank 98
Earnings growth, 3 years per yeardoes not count towards the rank–9.54%
Earnings growth, 5 years per yeardoes not count towards the rank–14.07%
Sustainable growth (ROE × retained earnings)4.40%2.87%Rank 63
Valuation11.3below the middleValued higher than the sector: EV/sales 36.80, sector 5.18.
MetricStockSector medianPosition in sector
Earnings yield0.64%2.64%Rank 18
FCF yield0.87%3.06%Rank 16
EV/saleslower is better36.805.18Rank 3
EV/EBITlower is better180.9026.24Rank 8
Momentum30.1below the middleShare price doing worse than the sector: Share price, 3 months −37.80%, sector −5.84%.
MetricStockSector medianPosition in sector
Share price, 1 year7.52%−0.59%Rank 60
Share price, 6 months−4.06%−4.46%Rank 51
Share price, 3 months−37.80%−5.84%Rank 4
Distance from 52-week high−60.52%−33.23%Rank 6
Quality11.8below the middleQuality below the sector: Change in share count 36.79%, sector −0.17%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better10.93%1.65%Rank 20
Change in share countlower is better36.79%−0.17%Rank 1
Dividend streak in years–8Rank 18
Price reaction to results, market-adjusted−11.91%−1.57%Rank 8
Balance sheet & risk70.2above the middleLess risk than the sector: Equity ratio 89.02%, sector 53.98%.
MetricStockSector medianPosition in sector
Equity ratio89.02%53.98%Rank 99
Net debt/EBITDAlower is better−5.13−0.20Rank 95
Debt to equitylower is better0.030.33Rank 84
Volatility, 1 yearlower is better98.88%50.37%Rank 3

Ten years in figures

Revenue from $79.9M (2022) to $852.5M (2025), 120.2% a year.

Fiscal years, amounts in USD
YearRevenue, $MEBIT marginFCF, $MSharesNet debt, $M
202279.9−75.4%−39.8130M−74.5
2023115.8−25.5%−15.5153M−42.2
2024396.3−29.3%102.4131M−78.3
2025852.520.3%281.8180M−132.5
4.5 / 10Low MatchStockScorer score5 of 11 points

3 of 7 StockScorer Score rules met · How the score is built

Astera Labs, Inc. mainly meets criteria in the Profitability category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 50%This stock · Valuation: 0%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Astera Labs, Inc.'s score is built

Astera Labs, Inc. is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

3 of 7 rules met

5 of 11 points

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector mediannot met0 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%met2 of 2 points
  6. 3-year earnings growth above 12% p.a.no data0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Astera Labs, Inc. stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Earnings Quality: Accrual Check (Sloan)
  • Undervalued Stocks: Multi-Factor Check
  • Balanced GARP
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Defensive: Low Volatility
  • Dividend Aristocrats & Continuity
  • Dividend Quality: 4 Factors
  • Levermann Strategy (13 Criteria)
  • Magic Formula: Value + Quality
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum
  • Growth Momentum (CAN SLIM principle)

Astera Labs, Inc. key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Astera Labs, Inc.

MetricStockSector
P/E ratio156.335.1
P/B ratio25.15.5
Return on equity (ROE)16.1%14.6%
Equity ratio89.0%54.0%
Debt-to-equity (D/E)0.030.33
Dividend yield0.0%0.9%

Similar stocks in Technology

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
ALABAstera Labs, Inc.this page
MCHPMicrochip Technology IncLow0.0
ONON Semiconductor CorporationLow4.5
CBRSCerebras Systems Inc. Class A Common Stocklocked
GFSGlobalfoundries Inclocked
SWKSSkyworks Solutions Inclocked

Frequently asked questions about Astera Labs, Inc. stock

How does Astera Labs, Inc. stock (ALAB) score in the StockScorer model?
Astera Labs, Inc. stock reaches a StockScorer score of 4.5 out of 10, which is a low match with the rule-based strategies. 3 out of 7 flagship profile rules are met.
What is Astera Labs, Inc.'s P/E ratio?
Astera Labs, Inc.'s P/E ratio is 156.3. The Technology sector median is 35.1.
What sector is Astera Labs, Inc. in?
Astera Labs, Inc. is assigned to the Technology sector. Its rank within the sector is 44.2 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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