Company Analysis

Astera Labs, Inc. (ALAB)

Nasdaq: ALAB · Semiconductors & Related Devices · San Jose, CA · filing with the SEC since 2018
Grade7.1
◀ Past 6.5● Present 7.0▶ Future 7.9
1 est.

The grade of Astera Labs, Inc.

Nine metrics read from its own filings, by tense
Headline grade
7.1/10
◀ Past6.530% of the headline
● Present7.040% of the headline
▶ Future7.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.5/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.6/10

Has it survived what it has been through?

No warning events in its filings since 2018.

weight 33% of this tense · 76th percentile among 99 sector filers · read for itself

From the record

Astera Labs, Inc.'s filings since 2018 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.9/10

What has it actually done, year after year?

+120.1% a year over 4 filed years; profitable in 1 of 4.

weight 45% of this tense · 79th percentile among 93 sector filers · read for its customers

From the record

Astera Labs, Inc.'s 4 filed years say what it did: revenue went from $80 million in fiscal 2022 to $853 million in fiscal 2025, up 120.1% a year; it rose in 3 of 3 years; it never fell from a peak; net income was positive in 1 of 4 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span120.1%top 4% of its family
  • the share of years revenue rosetop 6% of its family
  • the share of filed years with a profitbottom 32% of its family
  • the deepest fall from a revenue peak0.0%top 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
2.0/10

How has it treated the people who own it?

Share count grew 73.8% a year. 0% of cash flow returned. Insiders: 507 sales, 0 purchases.

weight 22% of this tense · 20th percentile among 67 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Astera Labs, Inc.'s diluted share count grew about 73.8% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 507 sales (362 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-09 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 9% of its family
  • cash returned against operating cash flowbottom 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

7.0/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
6.8/10

Is it financially healthy right now?

ROE 16%: 16¢ of profit per shareholder dollar. Leverage 11%: owes 11¢ per asset dollar.

weight 45% of this tense · 68th percentile among 95 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Astera Labs, Inc. earned about 16 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 42 cents per dollar of everything the company owns. Leverage: it owed about 11 cents per dollar of assets, and net share issuance: its share count grew 36.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 9% of its family
  • return on equitytop 24% of its family
  • gross profit against assetstop 8% of its family
  • the share count against the year beforebottom 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.8/10

How strong is its position in its industry?

top 22% of 97 in its family; net margin 25.7%.

weight 33% of this tense · 78th percentile among 97 sector filers · read for its customers

From the record

Astera Labs, Inc.'s standing among 97 graded names in its industry family: revenue of $853 million in fiscal 2025 ranks in the top 45% by size; a net margin of 25.7% ranks in the top 14%; revenue growth of 120.1% a year over the last 3 filed years ranks in the top 7% (its annual reports).

What it rests on

  • revenue against the family$853Mtop 45% of its family
  • net margin25.7%top 14% of its family
  • three-year revenue growth120.1%top 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
6.2/10

What are the people in charge doing?

SI estimate 6.2/10, confidence 35 of 100 (one part).

weight 22% of this tense · 62nd percentile among 79 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 38% of 79 in its family; the record of its people begins on 2024-03-19 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.7 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2024-03-19 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.7 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 79 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Astera Labs, Inc.'s leadership is put at 6.2 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 38% of 79 in its family; the record of its people begins on 2024-03-19 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.7 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

7.9/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
7.8/10

How much room does it have to grow?

top 22% of 94 in its family for room to expand.

weight 45% of this tense · 78th percentile among 94 sector filers · read for itself

From the record

Astera Labs, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $168 million against no long-term debt tagged leaves 10.9% of its assets as net cash, top 50% of its family; cash from operations less capital spending is 33.1% of revenue (top 7%); a gross margin of 75.7% (top 6%); research spending of 35.7% of revenue (top 26%) (its annual report).

What it rests on

  • cash less debt against assets10.9%top 50% of its family
  • cash from operations less capital spending against revenue33.1%top 7% of its family
  • gross margin75.7%top 6% of its family
  • research spending against revenue35.7%top 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
8.9/10

What could actually drive growth from here?

top 11% of 93 in its family for growth drivers.

weight 33% of this tense · 89th percentile among 93 sector filers · read for its customers

From the record

Astera Labs, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 120.1% a year over the last three filed years against 120.1% over all 4, speeding up (top 28% of its family); the newest year grew 115.2% (top 7%); research spending grew 60.3% a year (top 3%); capital spending grew 113.2% a year (top 6%) (its annual reports). Astera Labs, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 28% of its family
  • the newest year's revenue growth115.2%top 7% of its family
  • three-year growth of research spending60.3%top 3% of its family
  • three-year growth of capital spending113.2%top 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.7/10

Did its newest year beat what its own record pointed to?

top 33% of 88 in its family for expectations against reality.

weight 22% of this tense · 67th percentile among 88 sector filers · read for its shareholders

From the record

Astera Labs, Inc.'s newest year against its own record: revenue of $853 million in fiscal 2025 came in 3.4% below the $882 million its prior three years' pace pointed to (bottom 18% of its family); net income of $219 million against a prior three-year average of $56 million (top 7%); a net margin of 25.7% against -38.9% before (top 9%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-3.4%bottom 18% of its family
  • net income against the prior three years' average+491%top 7% of its family
  • net margin against its prior average+64.6 pointstop 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ALAB · research, not advice