Astera Labs Inc designs and delivers semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform integrates semiconductor technology, microcontrollers, sensors, and software to enhance performance, scalability, and data management.
It is a $59.0B technology company. Revenue grew 98.5% over the last year, and it keeps 31¢ of every dollar of sales as profit. It trades at 160.7× earnings — in the most expensive third of its own history.
- Website
- asteralabs.com
- Location
- San Jose, CA
- Employees
- 756
- Sector
- Technology
- Founded
- 2017
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability and health; Valuation, Quality and Moat lag behind.
Valuation10
- P/E vs own history71th pct · 5/25
- FCF yield0.5% · 5/25
- P/S49.4x · 0/25
- EV/EBITDA207.6x · 0/25
Growth50
- Revenue CAGR120.2% · 25/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth150.2% · 25/25
Profitability95
- ROIC125.3% · 25/25
- ROE25.2% · 25/25
- Net margin30.7% · 25/25
- Operating margin22.8% · 20/25
Health75
- Altman Z182.39 · 25/25
- Current ratio10.05 · 25/25
- Interest coverageno interest expense · 25/25
- Net cash / debtn/a · 0/25
Quality30
- Piotroski F5/9 · 15/25
- Beneish M1.26 · 0/25
- FCF conversion75% · 15/25
- Margin stabilityσ 55.3% · 0/25
Moat30
- ROIC >12% years1/4 yrs · 0/25
- Median gross margin74.6% · 25/25
- FCF-positive years2/4 yrs · 5/25
- Worst-year net marginworst -73.0% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2026AcquisitionThe company acquired aiXscale Photonics
- FY2025FinancialTurned profitable$219M net income after a loss year
- FY2025FinancialBest year on record$219M net income
- 2024IPOThe company became a public company via an initial public offering, raising $713 million by selling…
- 2017FoundedAstera Labs was founded in November 2017 in Santa Clara, California, by Jitendra Mohan, Sanjay Gajendra
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (75.1%)
- Strongly profitable — 30.7% net margin
- Revenue growing 98.5% year over year
- Strong cash conversion — FCF is 23.0% of revenue
- High returns on invested capital (ROIC 125.3%)
Watch-outs
- Loss-making in 3 of the recent years
- Short reporting history — trends are less reliable
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+98.5% YoY
- Profitable — makes more than it spends$369M TTM
- Profit growing — earnings are higher than last year+362.7% YoY
- Generates cash — cash left after running and investing$277M TTM
- Debt under control — could handle its obligationscurrent ratio 10.05
- Established company — not a micro-cap — lower blow-up risk$59.0B market cap
- Not printing shares — share count not ballooning — you keep your slice+75.1% shares over ~5y
- Proven track record — years of profitability behind it1/4 profitable years
- Financially stable — balance sheet not near distressAltman Z 182.4 — safe
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 160.7
Peer comparisonAstera Labs, Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| ALAB this company | $59.0B | 160.7 | +98.5% | 30.7% | Strong |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: ALAB vs NVDA · ALAB vs AAPL · ALAB vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2022–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/ALAB
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of ALAB on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $340.01 · market cap $59.0B.