ALAB - Astera Labs, Inc. Common Stock
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$372.27
DETAILS
HIGH:
$500.00
LOW:
$153.00
MEDIAN:
$425.00
CONSENSUS:
$372.27
UPSIDE:
18.31%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||
| Revenue | 392.4 | 308.4 | 270.6 | 230.6 | 191.9 | 159.4 | 141.1 | 113.1 | 76.8 | 65.3 | 50.5 | 36.9 | 10.7 | 17.7 | 20.4 | 23.1 | 21.4 | 15.0 |
| Cost of Revenue | 104.8 | 73.2 | 66.1 | 54.8 | 46.4 | 40.0 | 36.6 | 25.2 | 17.0 | 14.7 | 11.5 | 8.8 | 2.2 | 13.4 | 5.7 | 5.9 | 5.4 | 4.2 |
| Gross Profit | 287.6 | 235.1 | 204.5 | 175.8 | 145.6 | 119.4 | 104.4 | 87.9 | 59.9 | 50.5 | 39.0 | 28.1 | 8.4 | 4.3 | 14.6 | 17.2 | 16.0 | 10.8 |
| Operating Expenses | ||||||||||||||||||
| R&D Expenses | 135.9 | 125.6 | 93.8 | 78.9 | 66.7 | 64.6 | 56.5 | 50.7 | 40.1 | 53.6 | 19.7 | 20.6 | 17.9 | 15.3 | 27.8 | 14.2 | 22.4 | 9.3 |
| SG&A Expenses | 62.4 | 47.7 | 43.7 | 41.5 | 39.1 | 43.6 | 47.8 | 46.1 | 44.1 | 79.9 | 10.4 | 9.5 | 8.2 | 7.9 | 8.7 | 9.1 | 21.7 | 5.7 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 198.3 | 173.3 | 137.5 | 120.4 | 105.8 | 108.1 | 104.3 | 96.8 | 84.2 | 133.5 | 30.0 | 30.1 | 26.1 | 23.2 | 36.5 | 23.3 | 44.1 | 15.0 |
| Operating Income | ||||||||||||||||||
| Operating Income | 89.2 | 61.8 | 67.0 | 55.4 | 39.8 | 11.3 | 0.1 | (8.9) | (24.3) | (83.0) | 9.0 | (2.0) | (17.6) | (18.9) | (21.8) | (6.1) | (28.1) | (4.2) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 13.6 | 11.6 | 12.0 | 11.5 | 10.9 | 10.4 | 10.6 | 10.9 | 10.3 | 2.6 | 1.7 | 1.7 | 1.6 | 1.6 | 1.5 | 0.9 | 0.2 | 0.2 |
| Profitability | ||||||||||||||||||
| EBITDA | 106.8 | 77.1 | 81.8 | 68.4 | 52.1 | 22.8 | 11.7 | 2.9 | (13.4) | (79.8) | 11.2 | 0.2 | (15.7) | (17.0) | (20.3) | 0.9 | (27.9) | (4.2) |
| EBIT | 102.8 | 73.4 | 78.9 | 66.9 | 50.7 | 21.7 | 10.7 | 2.0 | (14.1) | (80.4) | 10.7 | (0.3) | (16.1) | (17.3) | (20.3) | (5.2) | (27.9) | (4.2) |
| Income Before Tax | 102.8 | 73.4 | 78.9 | 66.9 | 50.7 | 21.7 | 10.7 | 2.0 | (14.1) | (80.4) | 10.7 | (0.3) | (16.1) | (17.3) | (20.3) | (5.2) | (27.9) | (4.2) |
| Income Tax Expense | (50.3) | (6.9) | 33.9 | (24.3) | (0.6) | (10.1) | (14.0) | 9.6 | (6.5) | 12.6 | (3.6) | 2.9 | 3.9 | 0.1 | (0.2) | 0.1 | (0.5) | 1.4 |
| Net Income | 153.1 | 80.3 | 45.0 | 91.1 | 51.2 | 31.8 | 24.7 | (7.6) | (7.5) | (93.0) | 14.3 | (3.1) | (20.0) | (17.5) | (20.1) | (5.3) | (27.3) | (5.6) |
| Per Share Data | ||||||||||||||||||
| EPS (Basic) | 0.89 | 0.47 | 0.27 | 0.54 | 0.31 | 0.19 | 0.15 | -0.05 | -0.05 | -0.60 | 0.09 | -0.02 | -0.15 | -0.13 | -0.59 | -0.16 | -0.80 | -0.16 |
| EPS (Diluted) | 0.84 | 0.44 | 0.25 | 0.50 | 0.29 | 0.18 | 0.14 | -0.05 | -0.05 | -0.60 | 0.09 | -0.02 | -0.15 | -0.13 | -0.59 | -0.16 | -0.80 | -0.16 |
| Shares Outstanding | 171.6 | 170.7 | 169.5 | 167.4 | 165.4 | 163.2 | 159.9 | 156.8 | 155.2 | 153.9 | 152.5 | 152.5 | 130.5 | 130.5 | 34.2 | 34.2 | 34.2 | 34.2 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||
| Cash & Cash Equivalents | 111.5 | 148.3 | 167.6 | 140.4 | 162.3 | 86.4 | 79.6 | 126.1 | 421.1 | 696.1 | 45.1 |
| Short-Term Investments | 1,141.5 | 1,036.2 | 1,021.2 | 994.0 | 902.8 | 838.3 | 834.8 | 760.7 | 409.9 | 105.3 | 104.2 |
| Net Receivables | 192.5 | 134.8 | 83.2 | 42.9 | 24.3 | 69.8 | 38.8 | 25.4 | 22.2 | 16.8 | 8.3 |
| Inventory | 113.8 | 60.2 | 59.0 | 51.7 | 58.6 | 51.1 | 43.2 | 24.4 | 28.6 | 29.6 | 24.1 |
| Other Current Assets | 92.7 | 33.5 | 31.0 | 61.2 | 32.7 | 30.3 | 16.7 | 9.0 | 9.4 | 0.8 | 0.7 |
| Total Current Assets | 1,651.9 | 1,412.9 | 1,362.0 | 1,290.2 | 1,180.7 | 1,075.8 | 1,013.0 | 945.6 | 891.2 | 854.4 | 185.8 |
| Non-Current Assets | |||||||||||
| Property, Plant & Equipment | 119.3 | 97.2 | 92.0 | 72.5 | 62.1 | 39.5 | 35.7 | 35.1 | 21.8 | 7.6 | 4.7 |
| Goodwill | 91.6 | 87.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 68.8 | 61.4 | 77.8 | 38.5 | 28.6 | 6.4 | 5.9 | 2.3 | 2.4 | 2.9 | 5.8 |
| Total Non-Current Assets | 279.6 | 246.3 | 169.8 | 111.0 | 90.7 | 45.9 | 41.5 | 37.5 | 24.3 | 10.5 | 10.5 |
| Total Assets | 1,931.5 | 1,659.2 | 1,531.8 | 1,401.2 | 1,271.4 | 1,121.7 | 1,054.5 | 983.1 | 915.5 | 864.9 | 196.3 |
| Current Liabilities | |||||||||||
| Account Payables | 53.9 | 55.8 | 42.4 | 25.8 | 31.6 | 29.5 | 26.9 | 18.6 | 14.6 | 11.5 | 6.3 |
| Short-Term Debt | 0 | 5.7 | 0 | 4.4 | 0 | 0 | 0 | 0 | 0 | 2.3 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 15 | 15 | 10 | 5 | 0 | 0 |
| Other Current Liabilities | 85.8 | 40.8 | 0 | 70.7 | 42.9 | 10.2 | 37.9 | 31.5 | 16.3 | 15.5 | 15.6 |
| Total Current Liabilities | 164.3 | 125.0 | 133.0 | 101.0 | 106.4 | 77.3 | 86.5 | 88.0 | 64.1 | 45.6 | 35.1 |
| Non-Current Liabilities | |||||||||||
| Long-Term Debt | 0 | 0 | 0 | 26.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 41.5 | 4.1 | 0 | (25.3) | 1.7 | 2.9 | 3.2 | 5.4 | 6.2 | 5.5 | 258.9 |
| Total Non-Current Liabilities | 41.5 | 40.2 | 35.1 | 28.5 | 29.3 | 2.9 | 3.2 | 5.4 | 6.2 | 10.5 | 258.9 |
| Total Liabilities | 205.8 | 165.3 | 168.2 | 129.5 | 135.7 | 80.1 | 89.7 | 93.5 | 70.3 | 56.1 | 294.0 |
| Stockholders' Equity | |||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 243.7 | 90.6 | 10.3 | (34.6) | (125.8) | (177.0) | (208.8) | (233.5) | (225.9) | (218.4) | (125.4) |
| Accumulated Other Comprehensive Income | (3.4) | (0.8) | 4.3 | 4.1 | 2.9 | 2.0 | 0.4 | 4.4 | (0.4) | (0.1) | 0.3 |
| Total Stockholders' Equity | 1,725.7 | 1,493.9 | 1,363.6 | 1,271.7 | 1,135.7 | 1,041.6 | 964.8 | 889.6 | 845.3 | 808.8 | (97.7) |
| Total Liabilities & Equity | 1,931.5 | 1,659.2 | 1,531.8 | 1,401.2 | 1,271.4 | 1,121.7 | 1,054.5 | 983.1 | 915.5 | 864.9 | 196.3 |
| Debt Metrics | |||||||||||
| Total Debt | 0 | 41.9 | 35.1 | 58.2 | 32.3 | 0 | 1.3 | 0 | 2.1 | 2.3 | 2.2 |
| Net Debt | (111.5) | (106.4) | (132.5) | (82.2) | (130.0) | (86.4) | (78.3) | (126.1) | (418.9) | (693.7) | (42.9) |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Net Income | 153.1 | 80.3 | 45.0 | 91.1 | 51.2 | 31.8 | 24.7 | (7.6) | (7.5) | (93.0) | 14.3 | (3.1) | (20.0) | (17.5) |
| Depreciation & Amortization | 3.9 | 3.7 | 2.8 | 1.5 | 1.4 | 1.1 | 1.0 | 0.8 | 0.7 | 0.6 | 0.5 | 0.5 | 0.4 | 0.4 |
| Stock-Based Compensation | 64.0 | 48.9 | 41.4 | 40.7 | 35.5 | 42.4 | 48.2 | 45.5 | 43.1 | 97.8 | 3.3 | 2.7 | 2.7 | 2.0 |
| Change in Working Capital | (143.5) | (59.1) | 7.0 | (55.5) | 44.9 | (62.4) | (31.1) | 27.4 | (7.3) | (2.2) | (4.1) | (1.1) | (6.2) | 1.7 |
| Other Non-Cash Items | 10.2 | 0.8 | (1.0) | 0.4 | 2.4 | (2.5) | (3.1) | (2.7) | 0.9 | 0.5 | 0.3 | 0.7 | 0.2 | 9.6 |
| Operating Cash Flow | 87.7 | 74.6 | 95.3 | 78.2 | 135.4 | 10.5 | 39.7 | 63.5 | 29.8 | 3.7 | 14.4 | (0.3) | (23.0) | (3.8) |
| Investing Activities | ||||||||||||||
| Capital Expenditure | (20.5) | (7.6) | (18.7) | (12.3) | (2.0) | (4.5) | (15.4) | (16.7) | 1.3 | (3.4) | (1.0) | (0.7) | (0.6) | (0.4) |
| Acquisitions | (4.2) | (65.0) | (28.8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (203.1) | (156.6) | (193.3) | (259.8) | (213.9) | (190.8) | (205.7) | (379.2) | (322.4) | (23.3) | (23.4) | (75.6) | (4.9) | (22.3) |
| Sales/Maturities of Investments | 96.2 | 137.8 | 168.0 | 171.5 | 152.2 | 191.4 | 131.1 | 36.4 | 18.7 | 22.5 | 18.4 | 20.0 | 14.7 | 58.1 |
| Other Investing Activities | 0 | (2.5) | 0 | (0.5) | 0 | 0 | (1.4) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (131.6) | (94.0) | (72.8) | (101.0) | (63.7) | (3.9) | (91.4) | (359.4) | (302.5) | (4.3) | (6.0) | (56.3) | 9.2 | 35.3 |
| Financing Activities | ||||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | (1.1) | 0 | 0 | 0 | (0.2) | 0 | (0.1) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | (4.3) | (4.3) | 4.3 | 0 | 6.7 | 0 | 0 | (20.6) | (0.8) | 0.6 | 0 | 0.0 |
| Financing Cash Flow | 7.0 | 0.1 | 3.7 | 1.0 | 4.7 | 0.4 | 5.7 | 1.0 | (2.3) | 651.6 | (1.1) | 0.6 | (0.1) | 0.0 |
| Cash Position | ||||||||||||||
| Net Change in Cash | (36.8) | (19.3) | 26.1 | (21.9) | 76.4 | 7.0 | (46.1) | (295.0) | (275.0) | 651.0 | 7.4 | (56.0) | (13.9) | 31.5 |
| Cash at Beginning | 148.4 | 167.6 | 141.5 | 163.4 | 87.0 | 80.0 | 126.1 | 421.1 | 696.1 | 45.1 | 37.7 | 93.7 | 107.6 | 76.1 |
| Cash at End | 111.5 | 148.3 | 167.6 | 141.5 | 163.4 | 87.0 | 80.0 | 126.1 | 421.1 | 696.1 | 45.1 | 37.7 | 93.7 | 107.6 |
| Free Cash Flow | 67.2 | 67.0 | 76.6 | 65.9 | 133.3 | 6.0 | 24.3 | 46.8 | 31.1 | 0.2 | 13.4 | (1.1) | (23.5) | (4.3) |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||
| Revenue | 392.4 | 308.4 | 270.6 | 230.6 | 191.9 | 159.4 | 141.1 | 113.1 | 76.8 | 65.3 | 50.5 | 36.9 | 10.7 | 17.7 | 20.4 | 23.1 | 21.4 | 15.0 |
| Gross Profit | 287.6 | 235.1 | 204.5 | 175.8 | 145.6 | 119.4 | 104.4 | 87.9 | 59.9 | 50.5 | 39.0 | 28.1 | 8.4 | 4.3 | 14.6 | 17.2 | 16.0 | 10.8 |
| Operating Income | 89.2 | 61.8 | 67.0 | 55.4 | 39.8 | 11.3 | 0.1 | (8.9) | (24.3) | (83.0) | 9.0 | (2.0) | (17.6) | (18.9) | (21.8) | (6.1) | (28.1) | (4.2) |
| Net Income | 153.1 | 80.3 | 45.0 | 91.1 | 51.2 | 31.8 | 24.7 | (7.6) | (7.5) | (93.0) | 14.3 | (3.1) | (20.0) | (17.5) | (20.1) | (5.3) | (27.3) | (5.6) |
| EPS (Diluted) | 0.84 | 0.44 | 0.25 | 0.50 | 0.29 | 0.18 | 0.14 | -0.05 | -0.05 | -0.60 | 0.09 | -0.02 | -0.15 | -0.13 | -0.59 | -0.16 | -0.80 | -0.16 |
| Balance Sheet | ||||||||||||||||||
| Cash & Equivalents | 111.5 | 148.3 | 167.6 | 140.4 | 162.3 | 86.4 | 79.6 | 126.1 | 421.1 | 696.1 | 45.1 | |||||||
| Total Assets | 1,931.5 | 1,659.2 | 1,531.8 | 1,401.2 | 1,271.4 | 1,121.7 | 1,054.5 | 983.1 | 915.5 | 864.9 | 196.3 | |||||||
| Total Debt | 0 | 41.9 | 35.1 | 58.2 | 32.3 | 0 | 1.3 | 0 | 2.1 | 2.3 | 2.2 | |||||||
| Stockholders' Equity | 1,725.7 | 1,493.9 | 1,363.6 | 1,271.7 | 1,135.7 | 1,041.6 | 964.8 | 889.6 | 845.3 | 808.8 | (97.7) | |||||||
| Cash Flow | ||||||||||||||||||
| Operating Cash Flow | 87.7 | 74.6 | 95.3 | 78.2 | 135.4 | 10.5 | 39.7 | 63.5 | 29.8 | 3.7 | 14.4 | (0.3) | (23.0) | (3.8) | ||||
| Capital Expenditure | (20.5) | (7.6) | (18.7) | (12.3) | (2.0) | (4.5) | (15.4) | (16.7) | 1.3 | (3.4) | (1.0) | (0.7) | (0.6) | (0.4) | ||||
| Free Cash Flow | 67.2 | 67.0 | 76.6 | 65.9 | 133.3 | 6.0 | 24.3 | 46.8 | 31.1 | 0.2 | 13.4 | (1.1) | (23.5) | (4.3) | ||||