Astera Labs
Connects cloud and AI systems with mixed-signal semiconductors and embedded COSMOS software.
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Profile
Supplies semiconductor-based connectivity products and embedded COSMOS software for cloud and AI infrastructure. Its fabless model targets data, memory and networking bottlenecks as systems scale toward rack-level designs, while operations depend on third-party supply-chain partners, concentrated customer demand and rapid technology transitions.
Builds an Intelligent Connectivity Platform for cloud and AI infrastructure, combining high-speed mixed-signal semiconductor products with embedded COSMOS software. The platform addresses data, memory and networking bottlenecks as systems scale from individual servers toward rack-scale designs.
Operates as a fabless semiconductor supplier from San Jose, with a workforce concentrated in North America and additional teams across Asia and Europe. Founder-led continuity connects product development with a platform-oriented approach to innovation.
Execution depends on third-party manufacturing and supply-chain partners, concentrated customer demand, and keeping pace with rapid technology transitions. The addition of optical-connectivity capability expands the platform, while the business remains shaped by cloud and AI infrastructure deployment cycles.
Company facts
Key statistics
Year to date +61.4% · Average volume (30d) 4.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | Northland Securities | Target | $195 | $350 | ||
| Aug 17, 2026 | Northland Capital Markets | Upgrade | Market Perform | Outperform | ||
| Aug 5, 2026 | Roth Capital | Reiterate | Buy | $275 | $450 | |
| Aug 5, 2026 | RBC Capital | Reiterate | Outperform | $270 | $500 | |
| Aug 5, 2026 | UBS | Reiterate | Neutral | $400 | $425 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.69 | $0.80 | +15.8% | $360.9M | $392.4M | +8.7% | −11.96% |
| May 5, 2026Q1 FY26 | $0.54 | $0.61 | +13.6% | $292.2M | $308.4M | +5.5% | −0.83% |
| Feb 10, 2026Q4 FY25 | $0.52 | $0.58 | +12.4% | $249.5M | $270.6M | +8.4% | −21.41% |
| Nov 4, 2025Q3 FY25 | $0.39 | $0.49 | +25.7% | $206.5M | $230.6M | +11.7% | +1.47% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $159.4M | $191.9M | $230.6M | $270.6M | $308.4M | $392.4M | |
| Gross profit | $119.4M | $145.6M | $175.8M | $204.5M | $235.1M | $287.6M | |
| Operating income | $11.3M | $39.8M | $55.4M | $67.0M | $61.8M | $89.2M | |
| Net income | $31.8M | $51.2M | $91.1M | $45.0M | $80.3M | $153.1M | |
| Diluted EPS | $0.18 | $0.29 | $0.50 | $0.25 | $0.44 | $0.84 | |
| Gross margin | 74.9% | 75.8% | 76.2% | 75.6% | 76.3% | 73.3% | |
| Operating margin | 7.1% | 20.7% | 24.0% | 24.7% | 20.1% | 22.7% |
Fiscal years (4-quarter sums)FY22 $79.9M · FY23 $115.8M · FY24 $396.3M · FY25 $852.5M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.25B · Total debt $0 · Total assets $1.93B · Shareholders' equity $1.73B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 171.41M · Float 140.26M · 81.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 24.85M | 14.49% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 13.68M | 7.98% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 7.89M | 4.60% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 6.73M | 3.92% | 13F | Aug 13, 2026 |
| Sanjay Gajendra · director, officer: President and COO | 6.41M | 3.74% | Form 4 | Aug 19, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Sanjay Gajendra | director, officer: President and COO | −90,630 | $340.35 |
| Aug 17, 2026 | Jitendra Mohan | director, officer: Chief Executive Officer | −90,630 | $340.35 |
| Aug 17, 2026 | Philip Mazzara | officer: General Counsel and Secretary | −6,801 | $340.50 |
| Aug 6, 2026 | Stefan A. Dyckerhoff | director | −12,499 | $311.83 |
| Jul 1, 2026 | Manuel Alba | director | −183,000 | $443.87 |
Peers
- Broadcom
Broad overlap in PCIe/CXL retimers and fabric switches
- Marvell Technology
Data-center retimer rival with broad networking reach
- Credo Technology Group
Direct overlap in PCIe retimers and active electrical cables
- Microchip Technology
Competes in PCIe/CXL retimers and data-center switching
- Rambus
Adjacent competitor in CXL and PCIe controller IP
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Astera Labs | $290.30 | +0.15% | $49.62B | 142.6 | 51.2 | 41.3 | +104.5% |
| Broadcom | $369.12 | +0.12% | $1.75T | 61.5 | 23.5 | 23.2 | +47.9% |
| Marvell Technology | $216.40 | −0.10% | $189.71B | 71.8 | 42.3 | 20.1 | +36.6% |
| Credo Technology Group | $233.00 | +0.07% | $43.40B | 93.9 | 37.6 | 32.5 | +157.0% |
| Microchip Technology | $73.03 | +0.14% | $39.60B | 101.2 | 18.7 | 7.7 | +38.1% |
| Rambus | $86.08 | +0.42% | $9.30B | 39.3 | 25.4 | 12.3 | +20.4% |
| Median | 71.8 | 25.4 | 20.1 | +38.1% |