NASDAQ: ALAB
Astera Labs, Inc. Common Stock
Technology · Semiconductors
Market Cap
$71.49B
52w High
$421.20
52w Low
$84.78
P/E
282.32
Volume
22.59M
Outstanding Shares
171.41M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 319.04% over the last year. Revenue grew 104.18% over the trailing twelve months. Operating margin moved from -4.45% to 22.36%. Free cash flow grew 216.92% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/S range (100th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 22.36% — continued expansion would be needed to justify the premium. Revenue growth of 104.18% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Astera Labs, Inc. develops, produces, and markets semiconductor-based connectivity solutions for cloud computing and artificial intelligence infrastructure.
Valuation
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Analyst consensus
13
Buy
3
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 4, 2026
Q3 FY26 · EPS est $0.69 · Revenue est $360.22M
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