# Astera Labs, Inc. Common Stock (ALAB) — Stock CV

Astera Labs, Inc. 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.

> 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.

## Identity

- **Ticker**: ALAB
- **Sector**: Technology
- **Industry**: Semiconductors & Related Devices
- **Headquarters**: SAN JOSE, CA
- **Employees**: 756
- **Website**: https://www.asteralabs.com
- **Market cap**: $59.0B
- **Last price**: $340.01
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $1.20B
- **Net income**: $369M
- **Free cash flow**: $277M
- **P/E**: 160.7
- **Revenue growth (YoY)**: 98.5%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 10 |
| Growth | 50 |
| Profitability | 95 |
| Health | 75 |
| Quality | 30 |
| Moat | 30 |

## Qualifications (beginner checklist) — 7 of 10 passed

- [x] Revenue growing — +98.5% YoY
- [x] Profitable — $369M TTM
- [x] Profit growing — +362.7% YoY
- [x] Generates cash — $277M TTM
- [x] Debt under control — current ratio 10.05
- [x] Established company — $59.0B market cap
- [ ] Not printing shares — +75.1% shares over ~5y
- [ ] Proven track record — 1/4 profitable years
- [x] Financially stable — Altman Z 182.4 — safe
- [ ] Valuation not extreme — P/E 160.7

## Experience (career milestones)

- **2026** — The company acquired aiXscale Photonics
- **FY2025** — Turned profitable: $219M net income after a loss year
- **FY2025** — Best year on record: $219M net income
- **2024** — The company became a public company via an initial public offering, raising $713 million by selling…
- **2017** — Astera Labs was founded in November 2017 in Santa Clara, California, by Jitendra Mohan, Sanjay Gajendra

## 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

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $79.9M | -$58.3M | -$39.8M |
| FY2023 | $116M | -$26.3M | -$15.5M |
| FY2024 | $396M | -$83.4M | $102M |
| FY2025 | $853M | $219M | $282M |

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Source: https://stockcv.com/ALAB — derived from company filings; may be delayed or incomplete. Information, not investment advice.