ALAB
Astera LabsPrevious close
324.11
Change
−18.10 / −5.29%
P/E (TTM) ?
160.7
Market Cap
$59.4B
1M
+11.29%
S&P 500 +1.81% over same period
Volume / Avg Volume
3.7M / 4.4M
0.85× average
Latest earnings analysisFY2026 Q2Reported 2026-08-04
Astera Labs Q2 FY2026: revenue up 104.0%, gross margin slips to 73.3%
Astera Labs beat on both revenue and EPS, and guided Q3 revenue 40.2% above the quarter just reported — growth is not the problem. The problem is quality: gross margin fell 3.0 points sequentially to 73.3%, and a $50.3 million tax benefit pushed net income above pretax income. Read this as a fast-growing business whose next quarter depends on one product ramp and whose profit is getting thinner.
Read the full analysis →Revenue$0.39BYoY +104.50%
EPS (non-GAAP)$0.80Beatest. $0.71
Next-quarter revenue guidance$0.55B ±1.8%YoY +40.20%
Next-day move−11.96%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-08-04 | $392M | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-05-05 | $308M | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-10 | $853M | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-11-04 | $231M | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-08-05 | $192M | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-05-06 | $159M | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 75 of its 5-year rangeExpensive
5-year range 66.3 – 248.3 · Median 107.0
No buybacks or dividends in the last four quarters
P/E (TTM)
160.7
P/B
34.4
P/S
49.4
PEG
1.45
Earnings Reaction
Over the last 6 reports, the stock moved ±10.8% on average on the first trading day after, rising 2 times
Most recent −11.96%
Guidance Credibility
Of the last 4 next-quarter revenue guides, 4 were met; actual results averaged 9.4% above guidance
Volatility & Correlation
1-year beta 3.77 · Correlation with S&P 500 0.48High beta
Annualized volatility 99% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 1 · $4.7MNet selling $4.7M
- 10-07Dyckerhoff Stefan ADirectorSell$4.7M12,499 shares · 3 trades · Avg price 376.06
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q2 | 0.39 | +104.5% | 73.3% | 0.15 | 0.83 |
| FY2026 Q1 | 0.31 | +93.4% | 76.3% | 0.08 | 0.44 |
| FY2025 Q4 | 0.27 | +91.8% | 75.6% | 0.04 | 0.25 |
| FY2025 Q3 | 0.23 | +103.9% | 76.2% | 0.09 | 0.50 |
| FY2025 Q2 | 0.19 | +149.7% | 75.8% | 0.05 | 0.29 |
| FY2025 Q1 | 0.16 | +144.3% | 74.9% | 0.03 | 0.18 |
| FY2024 Q4 | 0.14 | +179.3% | 74.0% | 0.02 | 1.23 |
| FY2024 Q3 | 0.11 | +206.2% | 77.7% | -0.01 | -0.05 |
| FY2024 Q2 | 0.08 | +619.0% | 77.9% | -0.01 | -0.05 |
| FY2024 Q1 | 0.07 | +269.4% | 77.4% | -0.09 | -1.77 |
| FY2023 Q4 | 0.05 | — | 77.3% | 0.01 | 0.41 |
| FY2023 Q3 | 0.04 | — | 76.1% | -0.00 | -0.08 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| ALAB | 160.7 | +104.5% | 73.3% | +11.29% | Bullish |
| TWLO | 38.7 | +22.0% | 48.4% | +24.33% | Bullish |
| NVDA | 28.6 | +105.9% | 75.0% | +3.68% | Bullish |
| AAPL | 38.1 | +16.4% | 50.1% | +2.62% | Bullish |
| MSFT | 29.7 | +17.7% | 67.2% | +9.18% | Bullish |
| AVGO | 45.1 | +85.5% | 69.1% | −2.01% | Bullish |
| MU | 13.7 | +379.3% | 86.8% | +1.41% | Bullish |
| AMD | 154.3 | +50.1% | 53.8% | +15.13% | Bullish |
| INTC | — | +25.4% | 40.4% | −1.54% | Bullish |