Astera Labs Inc.

Astera Labs Inc.

ALAB

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Market Cap$58.77B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Astera Labs Inc.Astera Labs Inc.218.7-18%72.7-

Earnings Call Q1 2026

May 5, 2026 - AI Summary

Strong Q1 performance; broad-based AI connectivity momentum - Revenue: $308.4M, +14% QoQ and +93% YoY - Growth came across signal conditioning (PCIe 6, Aries; reach extension, Torus) and AI fabric switching (Scorpio) - PCIe Gen 6 was a key driver: > one-third of total revenue; management emphasized robust maturity of the PCIe Gen 6 portfolio (millions of PCIe Gen 6 ports shipped to date)
Guidance beat/strength continues into Q2 with margin expectations - Q2 revenue outlook: $355M–$365M (+15% to +18% sequentially) - Non-GAAP gross margin: ~73% (includes an estimated 200 bps non-cash impact from a one-time customer agreement) - Non-GAAP opex: $128M–$131M - Non-GAAP EPS: $0.68–$0.70 (diluted share count expected ~184M) - Management stance: continued investment to sustain above-market growth while maintaining durable profitability
Scorpio is the major growth engine; new 320-lane product moving from sampling to production ramp - Scorpio X Series 320-lane: shipping initial volumes now, with production volumes ramping in 2026 - Scorpio expansion: announced broader lane coverage and product family expansion - Scorpio X Series: “up to 320 lanes” for high-radix scale-up - Scorpio P Series (PCIe 6): expanded to 32–320 lanes for diverse topologies - Claimed differentiators: in-network compute, hypercast, and Cosmos software upgrades enabling reduced networking overhead and up to 2x collective operations improvement (per management) - Market timing expectation: they anticipate Scorpio becoming the largest product line by end of 2026, with X-series exceeding P-series over time; Scorpio ramp expected to be increasingly meaningful through the year

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$240.08

Target Price by Analysts

34% downsideAstera Labs Target Price DetailsTarget Price
$-2.58

Current Fair Value

100.7% downside

Overvalued by 100.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$58.77 Billion
Enterprise Value$58.62 Billion
Dividend Yield$- (-)
Earnings per Share$1.32
Beta3.36
Outstanding Shares170,726,000

Return

Return on Equity17.91%ROE
Return on Assets16.13%
Return on Invested Capital17.51%

Valuation & Multiples

P/E Ratio218.71P/E Ratio
PEG143.52PEG
Price to Sales72.71Price to Sales
Price to Book Ratio45.44Price to Book Ratio
Enterprise Value to Revenue58.53
Enterprise Value to EBIT218.16
Enterprise Value to Net Income219
Total Debt to Enterprise0
Debt to Equity0Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 12, 2026
EPS Estimate
$0.54
Average shareholder expectation
Revenue Estimate
$292.00 M
Average shareholder expectation

Next Earnings Call

Expected Date
August 4, 2026
EPS Estimate
$0.69
Average shareholder expectation
Revenue Estimate
$360.22 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.0265 37.19%
Total Calls7,476,550 8.10%
Total Puts7,674,900 20.65%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %71.18% 2.63%
Total Invested$13.36B 30.87%
Investors Holding751 1.00%

ESG Score

No data

About Astera Labs Inc.

Relevant Senate Committees

Finance

As the most powerful economic committee, it controls taxation and trade policy. Changes in corporate tax rates, R&D tax credits, and international trade policies (tariffs, export controls) directly impact Astera Labs' profitability, investment decisions, and global supply chain costs.

Appropriations

This committee directly allocates federal spending. Its subcommittees determine funding for government data centers, scientific research initiatives, and defense programs that require advanced computing, all of which could potentially use Astera Labs' products, thus directly impacting their potential federal revenue streams.

Judiciary

This committee's oversight of antitrust laws and intellectual property is critically important for a semiconductor company. Antitrust enforcement can reshape the competitive landscape for Astera Labs' customers, and intellectual property protection (patents, trade secrets) is fundamental to their business model and valuation.

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce, 'Big Tech' regulation (e.g., privacy, antitrust for tech giants that are Astera Labs' customers), and telecommunications. Its actions directly shape the regulatory environment for Astera Labs' market and customers, particularly in data center and network infrastructure.

Foreign Relations

The semiconductor industry relies on complex global supply chains. This committee's influence on U.S. foreign policy, sanctions (e.g., export controls on technology to specific countries), and international trade agreements can directly impact Astera Labs' ability to source components and sell products globally.