Astera Labs, Inc. ALAB

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

Our mission is to innovate, design, and deliver semiconductor-based connectivity solutions that are purpose-built to unleash the full potential of cloud and AI infrastructure.

Building on years of experience with a singular focus on addressing connectivity challenges in data-centric systems, we have developed and deployed our leading Intelligent Connectivity Platform built from the ground up for cloud and AI infrastructure. Our Intelligent Connectivity Platform comprises of semiconductor-based, high-speed, mixed-signal connectivity products that integrate a matrix of microcontrollers and sensors, and COSMOS, our software suite, which is embedded in our connectivity products and integrated into our customers' systems.

Last close 257.16 2026-10-23
Market cap $44.61B 2026-06-30 share count
52-week range 97.89 - 499.48

Valuation FY2025 figures against the last close

P/S52.3x
P/E210.8x
P/FCF158.3x
EV/EBITDA257.3x
Dividend yield—
Diluted EPS1.22

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Singapore
  • China
  • Taiwan
  • Other
  • United States
Revenue by geography, 5 categories over 2 years. The same figures are in the table below. FY2025 Singapore, FY2025: 277M (32.5%) 32% Singapore China, FY2025: 256.3M (30.1%) 30% China Taiwan, FY2025: 247.4M (29.0%) 29% Taiwan Other, FY2025: 44.4M (5.2%) 5% Other United States, FY2025: 27.4M (3.2%) FY2024 Singapore, FY2024: 29.1M (7.3%) 7% China, FY2024: 72.7M (18.3%) 18% Taiwan, FY2024: 269.9M (68.1%) 68% Other, FY2024: 13.3M (3.4%) United States, FY2024: 11.3M (2.9%)
Region FY2025FY2024
Singapore $277.0M $29.1M
China $256.3M $72.7M
Taiwan $247.4M $269.9M
Other $44.4M $13.3M
United States $27.4M $11.3M

As the company reported it, from the “Segment and Geographical Information - Revenue by Geographic Location (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021
Revenue $852.5M$396.3M$115.8M$79.9M—
Cost of revenue $207.3M$93.6M$36.0M$21.2M—
Gross profit $645.3M$302.7M$79.8M$58.7M—
R&D $304.0M$200.8M$73.4M$73.7M—
SG&A $88.1M$94.3M$15.9M$20.8M—
Total operating expenses $471.8M$418.8M$109.3M$118.9M—
Operating income $173.4M-$116.1M-$29.5M-$60.2M—
Pre-tax income $218.2M-$81.8M-$22.9M-$57.6M—
Income tax $981.0K$1.6M$3.3M$764.0K—
Net income $219.1M-$83.4M-$26.3M-$58.3M—
EPS, basic 1.32-0.64-0.71-1.71—
EPS, diluted 1.22-0.64-0.71-1.71—
Shares, diluted (wtd. avg.) 179.6M131.3M37.1M34.2M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021
Cash and equivalents $167.6M$79.6M$45.1M$76.1M$50.9M
Short-term investments $1.02B$834.8M$104.2M——
Receivables $83.2M$38.8M$8.3M——
Inventory $59.0M$43.2M$24.1M——
Total current assets $1.36B$1.01B$185.8M——
Property, plant and equipment $92.0M$35.7M$4.7M——
Total assets $1.53B$1.05B$196.3M——
Accounts payable $42.4M$26.9M$6.3M——
Total current liabilities $133.0M$86.5M$35.1M——
Total liabilities $168.2M$89.7M$38.9M——
Retained earnings $10.3M-$208.8M-$125.4M——
Total equity $1.36B$964.8M-$97.7M-$85.3M-$39.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021
Operating cash flow $319.3M$136.7M-$12.7M-$35.9M—
Depreciation and amortisation —$3.2M$1.8M$807.0K—
Stock-based compensation $160.0M$234.6M$10.7M$30.2M—
Capital expenditure $37.5M$34.2M$2.8M$3.9M—
Investing cash flow -$241.5M-$757.6M-$17.8M-$90.6M—
Financing cash flow $9.8M$655.8M-$502.0K$151.7M—
Buybacks $0$1.1M$210.0K$313.0K—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-016359.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -250M 0 250M 500M 750M 1B Revenue, FY2022: 79.9M Gross profit, FY2022: 58.7M Net income, FY2022: -58.3M Revenue, FY2023: 115.8M Gross profit, FY2023: 79.8M Net income, FY2023: -26.3M Revenue, FY2024: 396.3M Gross profit, FY2024: 302.7M Net income, FY2024: -83.4M Revenue, FY2025: 852.5M Gross profit, FY2025: 645.3M Net income, FY2025: 219.1M FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2021FY2022FY2023FY2024FY2025
Revenue — $79.9M $115.8M $396.3M $852.5M
Gross profit — $58.7M $79.8M $302.7M $645.3M
Net income — -$58.3M -$26.3M -$83.4M $219.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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