Astera Labs, Inc. (ALAB) Stock Analysis
Technology · Semiconductors · NasdaqGS
Astera Labs, Inc. (ALAB) posted $852.52M in revenue for fiscal 2025 (up 115.1% year over year), at a 25.7% net margin, and has compounded revenue about 120.2%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Astera Labs, Inc.
Astera Labs, Inc. has grown revenue from $79.87M to $852.52M over the last 4 fiscal years, compounding about 120.2% a year. The most recent year was up 115.1%, so growth has cooled from its longer-run pace.
Net margin sits at 25.7%, up 46.8 points year over year on a 75.7% gross margin.
At today's valuation the market is pricing in roughly 40.9% annual free-cash-flow growth. The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Astera Labs, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Astera Labs, Inc. revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $79.87M | $115.79M | $396.29M | $852.52M |
| Gross profit | $58.68M | $79.83M | $302.70M | $645.26M |
| Net income | $-58.34M | $-26.26M | $-83.42M | $219.13M |
| Net margin | -73.0% | -22.7% | -21.1% | 25.7% |
Source: Astera Labs, Inc. SEC filings (10-K).
Astera Labs, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 11.6% over 3 years (152.5M → 170.2M) — existing holders' stakes are being diluted.
What growth is priced into ALAB stock?
At today's market cap of $59.59B, Astera Labs, Inc. is priced for free-cash-flow growth of about 40.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $281.76M from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 4 years of Astera Labs, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track ALAB in your portfolio →
Astera Labs, Inc. financial history by metric
About Astera Labs, Inc.
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.
Astera Labs, Inc. — frequently asked questions
What is Astera Labs, Inc.'s revenue?
Astera Labs, Inc. (ALAB) reported revenue of $852.52M for fiscal year 2025, up 115.1% from the prior year, according to its SEC filings.
Is Astera Labs, Inc. profitable?
Yes. ALAB earned net income of $219.13M in fiscal 2025, a net margin of 25.7%.
What is ALAB's P/E ratio?
Astera Labs, Inc. trades at a price-to-earnings ratio of about 233.3 based on the latest data in our nightly-refreshed cache.
How fast is Astera Labs, Inc. growing?
ALAB's revenue grew at roughly 120.2% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Astera Labs, Inc. have?
As of fiscal year 2025, ALAB carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Astera Labs, Inc.'s gross margin?
ALAB's gross margin was 75.7% in fiscal 2025 — gross profit of $645.26M on revenue of $852.52M.
What is Astera Labs, Inc.'s market cap?
Astera Labs, Inc. (ALAB) has a market capitalization of about $59.59B, based on the latest data in our nightly-refreshed cache.
When does Astera Labs, Inc.'s fiscal year end?
ALAB's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into ALAB stock?
At today's market cap of $59.59B, Astera Labs, Inc. is priced for free-cash-flow growth of about 40.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $281.76M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from Astera Labs, Inc.'s official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.