Technology · Semiconductors
Price
$483.02
Market Cap
$82.8B
Employees
440
Beta
3.96
Avg Volume
6,205,558
CEO
Jitendra Mohan
Business Description
Astera Labs, Inc. develops, produces, and markets semiconductor-based connectivity solutions for cloud computing and artificial intelligence infrastructure. Its core offering, the Intelligent Connectivity Platform, comprises a comprehensive portfolio of data, network, and memory connectivity products. These are unified by a software-defined architecture, which empowers customers to seamlessly deploy and operate high-performance cloud and AI systems at scale. Established in 2017, the company is headquartered in Santa Clara, California.
Business History
Price Overview
Last updated: Jul 1, 2026 4:39am (just now)$483.02
+27.06 (+5.93%)
Day Range
$457.19 – $499.48
52-Week Range
$85.85 – $499.48
50-Day MA
$288.50
200-Day MA
$192.55
Volume
6,030,094.00
Analyst Price Targets
Low
$153.00
Consensus
$277.73
High
$460.00
(48 analysts)
Share Structure
Outstanding
171,407,939.00
Float
140,077,825.00
Free Float
81.7%
High free float
— 81.7% of shares trade freely, ~18.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
308.13
Stock Price: $483.02
EPS (Diluted): 1.32
EPS (Diluted): 1.32
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
20.30
Stock Price: $483.02
Total Equity: $1.36B
Shares: 179,551,000
Total Equity: $1.36B
Shares: 179,551,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
295.90
Market Cap: $82.79B
Total Debt: $0.00
Cash: $167.61M
EBITDA: $224.98M
Total Debt: $0.00
Cash: $167.61M
EBITDA: $224.98M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$27.6B
Market Cap: $82.79B
Total Debt: $0.00
Cash: $167.61M
Total Debt: $0.00
Cash: $167.61M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
75.7%
Gross Profit: $645.26M
Revenue: $852.53M
Revenue: $852.53M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
20.3%
Operating Income: $173.42M
Revenue: $852.53M
Revenue: $852.53M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
25.7%
Net Income: $219.13M
Revenue: $852.53M
Revenue: $852.53M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
20.3%
Net Income: $219.13M
Total Equity: $1.36B
Total Equity: $1.36B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
14.5%
Operating Income: $173.42M
Tax Rate: -0.4%
Equity: $1.36B
Total Debt: $0.00
Cash: $167.61M
Tax Rate: -0.4%
Equity: $1.36B
Total Debt: $0.00
Cash: $167.61M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
10.24
Current Assets: $1.36B
Current Liabilities: $133.04M
Current Liabilities: $133.04M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $1.36B
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $1.36B
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$4.75
Revenue: $852.53M
Shares: 179,551,000
Shares: 179,551,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$7.59
Total Equity: $1.36B
Shares: 179,551,000
Shares: 179,551,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$1.57
Operating CF: $319.31M
CapEx: -$37.54M
Shares: 179,551,000
CapEx: -$37.54M
Shares: 179,551,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $483.02
Stock Price: $483.02
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $219.13M
Net Income: $219.13M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares ALAB against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 1, 2026 3:12am (1h ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $79.9M | $115.8M | $396.3M | $852.5M |
| Cost of Revenue | $21.2M | $36.0M | $93.6M | $207.3M |
| Gross Profit | $58.7M | $79.8M | $302.7M | $645.3M |
| Operating Expenses | $118.9M | $109.3M | $418.8M | $471.8M |
| Operating Income | -$60.2M | -$29.5M | -$116.1M | $173.4M |
| Net Income | -$58.3M | -$26.3M | -$83.4M | $219.1M |
| EBITDA | -$56.8M | -$21.2M | -$78.6M | $225.0M |
| EPS | $-0.45 | $-0.17 | $-0.64 | $1.32 |
| EPS (Diluted) | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 1, 2026 3:12am (1h ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash & Equivalents | $76.1M | $45.1M | $79.6M | $167.6M |
| Total Current Assets | $206.0M | $185.8M | $1.0B | $1.4B |
| Total Assets | $211.7M | $196.3M | $1.1B | $1.5B |
| Current Liabilities | $40.1M | $35.1M | $86.5M | $133.0M |
| Long-Term Debt | $0 | $0 | $0 | $0 |
| Total Liabilities | $297.0M | $38.9M | $89.7M | $168.2M |
| Total Equity | -$85.3M | $157.4M | $964.8M | $1.4B |
| Retained Earnings | -$99.1M | -$125.4M | -$208.8M | $10.3M |
Cash Flow (Annual)
Last updated: Jul 1, 2026 3:12am (1h ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Cash Flow | -$35.9M | -$12.7M | $136.7M | $319.3M |
| Capital Expenditure | -$3.9M | -$2.8M | -$34.2M | -$37.5M |
| Free Cash Flow | -$39.8M | -$15.5M | $102.4M | $281.8M |
| Acquisitions (net) | $0 | $0 | $0 | -$28.8M |
| Debt Repayment | — | — | — | — |
| Dividends Paid | — | — | — | — |
| Stock Buybacks | $-313,000 | $-210,000 | -$1.1M | $0 |
| Net Change in Cash | $25.2M | -$31.0M | $34.9M | $87.6M |
Analyst Estimates (Annual)
Last updated: Jul 1, 2026 3:12am (1h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$2.2B $2.0B – $3.1B
|
$2.8B $2.8B – $2.9B
|
$2.6B $2.4B – $3.4B
|
$4.1B $3.7B – $5.2B
|
| EBITDA |
-$462.8M -$640.2M – -$419.6M
|
-$588.4M -$595.3M – -$581.6M
|
-$543.2M -$696.6M – -$492.3M
|
-$839.3M -$1.1B – -$760.7M
|
| Net Income |
$523.3M $508.2M – $1.3B
|
$682.9M $617.4M – $1.3B
|
$944.7M $829.6M – $1.3B
|
$1.6B $1.4B – $2.1B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 1, 2026 3:12am (1h ago)| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue Growth | +45.0% | +242.2% | +115.1% |
| Gross Profit Growth | +36.0% | +279.2% | +113.2% |
| Operating Income Growth | +51.0% | -293.5% | +249.4% |
| Net Income Growth | +55.0% | -217.7% | +362.7% |
| EBITDA Growth | +62.7% | -271.4% | +386.1% |
Insider Trading (Recent)
Last updated: Jul 1, 2026 3:12am (1h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-24 | Mayer Bethany | S-Sale | 99.00 | $391.27 | $38,736 |
| 2026-06-24 | Mayer Bethany | S-Sale | 193.00 | $392.67 | $75,786 |
| 2026-06-24 | Mayer Bethany | S-Sale | 54.00 | $393.86 | $21,268 |
| 2026-06-24 | Mayer Bethany | S-Sale | 146.00 | $396.49 | $57,888 |
| 2026-06-24 | Mayer Bethany | S-Sale | 165.00 | $398.32 | $65,722 |
| 2026-06-24 | Mayer Bethany | S-Sale | 29.00 | $399.96 | $11,599 |
| 2026-06-04 | LAZAR JACK R | A-Award | 837.00 | $0.00 | $0 |
| 2026-06-04 | LAZAR JACK R | S-Sale | 879.00 | $362.84 | $318,937 |
| 2026-06-04 | LAZAR JACK R | S-Sale | 854.00 | $361.11 | $308,385 |
| 2026-06-04 | LAZAR JACK R | S-Sale | 1,116.00 | $360.09 | $401,858 |
| 2026-06-04 | LAZAR JACK R | S-Sale | 877.00 | $359.33 | $315,130 |
| 2026-06-04 | LAZAR JACK R | S-Sale | 883.00 | $358.14 | $316,234 |
| 2026-06-04 | LAZAR JACK R | S-Sale | 566.00 | $356.94 | $202,030 |
| 2026-06-04 | LAZAR JACK R | S-Sale | 946.00 | $355.13 | $335,950 |
| 2026-06-04 | LAZAR JACK R | S-Sale | 373.00 | $354.38 | $132,185 |
| 2026-06-04 | LAZAR JACK R | S-Sale | 1,101.00 | $352.97 | $388,616 |
| 2026-06-04 | LAZAR JACK R | S-Sale | 318.00 | $351.72 | $111,847 |
| 2026-06-04 | LAZAR JACK R | S-Sale | 17.00 | $351.13 | $5,969 |
| 2026-06-04 | LAZAR JACK R | S-Sale | 423.00 | $349.96 | $148,031 |
| 2026-06-04 | LAZAR JACK R | S-Sale | 193.00 | $347.84 | $67,133 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for ALAB — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.360 · 7b6df9be · 2026-06-30 17:24:24