ALAB Astera Labs, Inc. - Common Stock
NASDAQ · Semiconductors · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 5, 2026ALAB Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | ALAB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 173.4 | · | 58.9 | Overvalued | |
| P/S (TTM) | 50.6 | · | 10.0 | Overvalued | |
| P/B (MRQ) | 35.2 | · | 7.2 | Overvalued | |
| Price / FCF (TTM) | 219.7 | · | · | · | |
| Price / Cash Flow (TTM) | 181.0 | · | 37.8 | Overvalued | |
| Price / Tangible Book | 44.0 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | ALAB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 75.1% | · | 61.4% | Top tier | |
| Operating Margin (TTM) | 22.8% | · | 22.7% | In line | |
| EBITDA Margin | 20.3% | · | 27.4% | In line | |
| Pretax Margin (TTM) | 26.8% | · | 29.5% | In line | |
| Net Profit Margin (TTM) | 30.7% | · | 23.2% | Top tier | |
| ROA (TTM) | 23.1% | · | 12.6% | Top tier | |
| ROE (TTM) | 25.8% | · | 18.0% | Weak | |
| ROIC | 12.8% | · | 12.8% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | ALAB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 10.1 | · | 4.6 | Strong liquidity | |
| Quick Ratio | 1.9 | · | 1.9 | In line |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | ALAB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 115.1%5Y avg ≈134.1% | ≈134.1% | · | · | |
| Revenue CAGR 3Y | 120.2% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | ALAB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.7 | · | 0.5 | Top tier | |
| Inventory Turnover | 4.1 | · | 2.7 | Top tier | |
| Receivables Turnover | 14.0 | · | 7.9 | Top tier | |
| Revenue / Employee | ≈$1.1M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 3, 2026 | $0.80 | $0.71 | 13.4% |
| March 31, 2026 | $0.61 | $0.55 | 11.6% | |
| Dec. 31, 2025 | $0.58 | $0.52 | 10.6% | |
| Sept. 30, 2025 | $0.49 | $0.40 | 23.3% | |
| June 30, 2025 | $0.44 | $0.33 | 33.2% | |
| March 31, 2025 | $0.33 | $0.29 | 14.0% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $853M | $396M | $116M | $80M | |
| Cost of Revenue | $207M | $94M | $36M | $21M | |
| Gross Profit | $645M | $303M | $80M | $59M | |
| R&D Expense | $304M | $201M | $73M | $74M | |
| SG&A Expense | $88M | $94M | $16M | $21M | |
| Operating Expenses | $472M | $419M | $109M | $119M | |
| Operating Income | $173M | $-116M | $-29M | $-60M | |
| Interest Income | $45M | $34M | $7M | $3M | |
| Pretax Income | $218M | $-82M | $-23M | $-58M | |
| Income Tax | $-981.0K | $2M | $3M | $764.0K | |
| Net Income | $219M | $-83M | $-26M | $-58M | |
| EPS (Basic) | $1.32 | $-0.64 | $-0.71 | $-1.71 | |
| EPS (Diluted) | $1.22 | $-0.64 | $-0.71 | $-1.71 | |
| Shares (Basic) | 166,408,000 | 131,262,000 | 37,131,000 | 34,171,000 | |
| Shares (Diluted) | 179,551,000 | 131,262,000 | 37,131,000 | 34,171,000 | |
| EBITDA | $173M | $-116M | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Cash & Equivalents | $168M | $80M | $45M | · | |
| Receivables | $83M | $39M | $8M | · | |
| Inventory | $59M | $43M | $24M | · | |
| Prepaid Expense | $31M | $17M | $4M | · | |
| Other Current Assets | $24M | · | $686.0K | · | |
| Current Assets | $1.36B | $1.01B | $186M | · | |
| PP&E (Net) | $92M | $36M | $5M | · | |
| PP&E (Gross) | $104M | $41M | $7M | · | |
| Accum. Depreciation | $12M | $6M | $3M | · | |
| Goodwill | $19M | · | · | · | |
| Other Non-current Assets | $59M | $6M | $6M | · | |
| Total Assets | $1.53B | $1.05B | $196M | · | |
| Accounts Payable | $42M | $27M | $6M | · | |
| Accrued Liabilities | $91M | $60M | $29M | · | |
| Current Liabilities | $133M | $87M | $35M | · | |
| Capital Leases | $27M | $2M | $778.0K | · | |
| Other Non-current Liabilities | $35M | $3M | $4M | · | |
| Total Liabilities | $168M | $90M | $39M | · | |
| Common Stock | $17.0K | $16.0K | $4.0K | · | |
| Paid-in Capital | $1.35B | $1.17B | $27M | · | |
| Retained Earnings | $10M | $-209M | $-125M | · | |
| AOCI | $4M | $426.0K | $259.0K | · | |
| Stockholders' Equity | $1.36B | $965M | $-98M | $-85M | |
| Liabilities + Equity | $1.53B | $1.05B | $196M | · | |
| Shares Outstanding | 170,186,000 | 162,018,000 | 42,046,000 | 40,629,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| D&A | $7M | $3M | $2M | · | |
| Stock-based Comp | $160M | $235M | $11M | $30M | |
| Deferred Tax | $19.0K | $0 | $0 | $0 | |
| Operating Cash Flow | $319M | $137M | $-13M | $-36M | |
| CapEx | $38M | $34M | $3M | $4M | |
| Investing Cash Flow | $-241M | $-758M | $-18M | $-91M | |
| Stock Repurchased | $0 | $1M | $210.0K | $313.0K | |
| Net Stock Activity | $0 | $-1M | · | · | |
| Financing Cash Flow | $10M | $656M | $-502.0K | $152M | |
| Net Change in Cash | $88M | $35M | $-31M | $25M | |
| Taxes Paid | $2M | $8M | $2M | $0 | |
| Free Cash Flow | $282M | $102M | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Gross Margin | 75.7% | 76.4% | · | · | |
| Operating Margin | 20.3% | -29.3% | · | · | |
| Net Margin | 25.7% | -21.1% | · | · | |
| Pretax Margin | 25.6% | -20.6% | · | · | |
| EBITDA Margin | 20.3% | -29.3% | · | · | |
| ROA | 17.0% | -13.3% | · | · | |
| ROE | 17.5% | -9.0% | · | · | |
| ROIC | 12.8% | -12.3% | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Current Ratio | 10.2 | 11.7 | · | · | |
| Quick Ratio | 1.9 | 1.4 | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.6 | · | · | |
| Inventory Turnover | 4.1 | 2.8 | · | · | |
| Receivables Turnover | 14.0 | 16.8 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Book Value / Share | $8.01 | $5.95 | · | · | |
| Revenue / Share | $4.75 | $3.02 | · | · | |
| Cash Flow / Share | $1.78 | $1.04 | · | · | |
| Cash / Share | $0.98 | $0.49 | · | · | |
| EPS (TTM) | $1.22 | $-0.64 | · | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue YoY | 115.1% | 242.2% | 45.0% | · | |
| Revenue CAGR 3Y | 120.2% | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue TTM | $853M | $396M | · | · | |
| Net Income TTM | $219M | $-83M | · | · | |
| Market Cap | $28.31B | $21.46B | · | · | |
| P/E | 136.4 | -207.0 | · | · | |
| P/S | 33.2 | 54.2 | · | · | |
| P/B | 20.8 | 22.2 | · | · | |
| P / Tangible Book | 20.8 | 22.2 | · | · | |
| P / Cash Flow | 88.7 | 157.0 | · | · | |
| P / FCF | 100.5 | 209.5 | · | · | |
| Earnings Yield | 0.73% | -0.48% | · | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $392M | $308M | $271M | $231M | $192M | $159M | $141M | $113M | $77M | $65M | $51M | $37M | $11M | $18M | |
| Cost of Revenue | $105M | $73M | $66M | $55M | $46M | $40M | $37M | $25M | $17M | $15M | $11M | $9M | $2M | $13M | |
| Gross Profit | $288M | $235M | $204M | $176M | $146M | $119M | $104M | $88M | $60M | $51M | $39M | $28M | $8M | $4M | |
| R&D Expense | $136M | $126M | $94M | $79M | $67M | $65M | $57M | $51M | $40M | $54M | $20M | $21M | $18M | $15M | |
| SG&A Expense | $36M | $26M | $24M | $22M | $20M | $22M | $25M | $23M | $22M | $24M | $5M | $4M | $3M | $4M | |
| Operating Expenses | $198M | $173M | $138M | $120M | $106M | $108M | $104M | $97M | $84M | $133M | $30M | $30M | $26M | $23M | |
| Operating Income | $89M | $62M | $67M | $55M | $40M | $11M | $144.0K | $-9M | $-24M | $-83M | $9M | $-2M | $-18M | $-19M | |
| Interest Income | · | $12M | $12M | $11M | $11M | $10M | $11M | $11M | $10M | $3M | $2M | $2M | $2M | $2M | |
| Pretax Income | $103M | $73M | $79M | $67M | $51M | $22M | $11M | $2M | $-14M | $-80M | $11M | $-253.0K | $-16M | $-17M | |
| Income Tax | $-50M | $-7M | $34M | $-24M | $-560.0K | $-10M | $-14M | $10M | $-7M | $13M | $-4M | $3M | $4M | $123.0K | |
| Net Income | $153M | $80M | $45M | $91M | $51M | $32M | $25M | $-8M | $-8M | $-93M | $14M | $-3M | $-20M | $-17M | |
| EPS (Basic) | $0.89 | $0.47 | $0.28 | $0.54 | $0.31 | $0.19 | $1.23 | $-0.05 | $-0.05 | $-1.77 | $0.41 | $-0.08 | $-0.55 | $-0.49 | |
| EPS (Diluted) | $0.83 | $0.44 | $0.25 | $0.50 | $0.29 | $0.18 | $1.23 | $-0.05 | $-0.05 | $-1.77 | $0.41 | $-0.08 | $-0.55 | $-0.49 | |
| Shares (Basic) | 172,378,000 | 170,726,000 | · | 167,436,000 | 165,428,000 | 163,194,000 | · | 156,831,000 | 155,199,000 | 52,532,000 | · | 37,470,000 | 36,567,000 | 35,826,000 | |
| Shares (Diluted) | 183,340,000 | 181,157,000 | · | 180,631,000 | 178,100,000 | 178,116,000 | · | 156,831,000 | 155,199,000 | 52,532,000 | · | 37,470,000 | 36,567,000 | 35,826,000 | |
| EBITDA | $93M | $66M | · | $57M | $41M | $12M | · | $-9M | $-24M | $-83M | · | · | · | · |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $111M | $148M | $168M | $140M | $162M | $86M | $80M | $126M | $421M | $696M | · | · | · | · | |
| Receivables | $192M | $135M | $83M | $43M | $24M | $70M | $39M | $25M | $22M | $17M | · | · | · | · | |
| Inventory | $114M | $60M | $59M | $52M | $59M | $51M | $43M | $24M | $29M | $30M | · | · | · | · | |
| Prepaid Expense | $93M | $34M | $31M | $61M | $33M | $30M | $17M | $9M | $9M | $7M | · | · | · | · | |
| Other Current Assets | $32M | · | · | · | · | · | · | · | · | $835.0K | · | · | · | · | |
| Current Assets | $1.65B | $1.41B | $1.36B | $1.29B | $1.18B | $1.08B | $1.01B | $946M | $891M | $854M | · | · | · | · | |
| PP&E (Net) | $119M | $97M | $92M | $72M | $62M | $39M | $36M | $35M | $22M | $8M | · | · | · | · | |
| PP&E (Gross) | $139M | $113M | $104M | $81M | $69M | $46M | $41M | $40M | $26M | $11M | · | · | · | · | |
| Accum. Depreciation | $19M | $15M | $12M | $9M | $7M | $7M | $6M | $5M | $4M | $3M | · | · | · | · | |
| Goodwill | $92M | $88M | · | · | · | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $69M | $61M | $78M | $39M | $29M | $6M | $6M | $2M | $2M | $3M | · | · | · | · | |
| Total Assets | $1.93B | $1.66B | $1.53B | $1.40B | $1.27B | $1.12B | $1.05B | $983M | $916M | $865M | · | · | · | · | |
| Accounts Payable | $54M | $56M | $42M | $26M | $32M | $30M | $27M | $19M | $15M | $11M | · | · | · | · | |
| Accrued Liabilities | $110M | $69M | $91M | $75M | $75M | $48M | $60M | $69M | $49M | $34M | · | · | · | · | |
| Current Liabilities | $164M | $125M | $133M | $101M | $106M | $77M | $87M | $88M | $64M | $46M | · | · | · | · | |
| Capital Leases | $38M | $36M | $27M | $27M | $28M | · | $2M | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $41M | $40M | $35M | $28M | $29M | $3M | $3M | $5M | $6M | $11M | · | · | · | · | |
| Total Liabilities | $206M | $165M | $168M | $129M | $136M | $80M | $90M | $93M | $70M | $56M | · | · | · | · | |
| Common Stock | $17.0K | $17.0K | $17.0K | $17.0K | $17.0K | $16.0K | $16.0K | $16.0K | $16.0K | $16.0K | · | · | · | · | |
| Paid-in Capital | $1.49B | $1.40B | $1.35B | $1.30B | $1.26B | $1.22B | $1.17B | $1.12B | $1.07B | $1.03B | · | · | · | · | |
| Retained Earnings | $244M | $91M | $10M | $-35M | $-126M | $-177M | $-209M | $-234M | $-226M | $-218M | · | · | · | · | |
| AOCI | $-3M | $-780.0K | $4M | $4M | $3M | $2M | $426.0K | $4M | $-352.0K | $-59.0K | · | · | · | · | |
| Stockholders' Equity | $1.73B | $1.49B | $1.36B | $1.27B | $1.14B | $1.04B | $965M | $890M | $845M | $809M | $-98M | · | · | · | |
| Liabilities + Equity | $1.93B | $1.66B | $1.53B | $1.40B | $1.27B | $1.12B | $1.05B | $983M | $916M | $865M | · | · | · | · | |
| Shares Outstanding | 173,485,000 | 171,277,000 | 170,186,000 | 168,903,000 | 166,211,000 | 164,907,000 | 162,018,000 | 158,561,000 | 156,656,000 | 155,471,000 | 42,046,000 | · | · | · |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $4M | $4M | · | $2M | $1M | $1M | · | $800.0K | $700.0K | $614.0K | · | · | · | · | |
| Stock-based Comp | $64M | $49M | $41M | $41M | $35M | $42M | $48M | $46M | $43M | $98M | $3M | $3M | $3M | $2M | |
| Other Non-cash | · | $-58M | · | · | · | $-65M | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $88M | $75M | $95M | $78M | $135M | $11M | $40M | $64M | $30M | $4M | $14M | $-334.0K | $-23M | $-4M | |
| CapEx | $20M | $8M | $19M | $12M | $2M | $5M | $15M | $17M | $-1M | $3M | $1M | $736.0K | $575.0K | $439.0K | |
| Investing Cash Flow | $-132M | $-94M | $-73M | $-101M | $-64M | $-4M | $-91M | $-359M | $-302M | $-4M | $-6M | $-56M | $9M | $35M | |
| Financing Cash Flow | $7M | $82.0K | $4M | $952.0K | $5M | $386.0K | $6M | $952.0K | $-2M | $652M | $-1M | $644.0K | $-118.0K | $31.0K | |
| Net Change in Cash | $-37M | $-19M | $26M | $-22M | $76M | $7M | $-46M | $-295M | $-275M | $651M | $7M | $-56M | $-14M | $32M | |
| Free Cash Flow | · | $67M | · | · | · | $6M | · | · | · | $228.0K | · | · | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.3% | 76.3% | · | 76.2% | 75.8% | 74.9% | · | 77.7% | 77.9% | 77.4% | · | · | · | · | |
| Operating Margin | 22.7% | 20.1% | · | 24.0% | 20.7% | 7.1% | · | -7.9% | -31.7% | -127.1% | · | · | · | · | |
| Net Margin | 39.0% | 26.0% | · | 39.5% | 26.7% | 20.0% | · | -6.7% | -9.8% | -142.5% | · | · | · | · | |
| Pretax Margin | 26.2% | 23.8% | · | 29.0% | 26.4% | 13.6% | · | 1.8% | -18.3% | -123.2% | · | · | · | · | |
| EBITDA Margin | 23.7% | 21.2% | · | 24.7% | 21.4% | 7.8% | · | -7.9% | -31.7% | -127.1% | · | · | · | · | |
| ROA | 9.6% | 5.8% | · | 7.6% | 4.7% | 3.2% | · | -1.5% | -1.7% | -21.5% | · | · | · | · | |
| ROE | 10.7% | 6.3% | · | 8.4% | 5.2% | 3.4% | · | -1.7% | -1.8% | -23.0% | · | · | · | · | |
| ROIC | 7.7% | 4.5% | · | 5.9% | 3.5% | 1.6% | · | 3.8% | -1.5% | -11.9% | · | · | · | · |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 10.1 | 11.3 | · | 12.8 | 11.1 | 13.9 | · | 10.7 | 13.9 | 18.7 | · | · | · | · | |
| Quick Ratio | 1.8 | 2.3 | · | 1.8 | 1.8 | 2.0 | · | 1.7 | 6.9 | 15.6 | · | · | · | · |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | · | · | · | |
| Inventory Turnover | 1.2 | 1.3 | · | 1.4 | 1.1 | 1.0 | · | 2.1 | 1.2 | 1.0 | · | · | · | · | |
| Receivables Turnover | 3.6 | 3.0 | · | 6.8 | 8.2 | 3.7 | · | 8.9 | 6.9 | 7.8 | · | · | · | · |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $9.95 | $8.72 | · | $7.53 | $6.83 | $6.32 | · | $5.61 | $5.40 | $5.20 | · | · | · | · | |
| Revenue / Share | $2.14 | $1.70 | · | $1.28 | $1.08 | $0.90 | · | $0.72 | $0.50 | $1.24 | · | · | · | · | |
| Cash Flow / Share | · | $0.41 | · | · | · | $0.06 | · | · | · | $0.07 | · | · | · | · | |
| Cash / Share | $0.64 | $0.87 | · | $0.83 | $0.98 | $0.52 | · | $0.80 | $2.69 | $4.48 | · | · | · | · | |
| EPS (TTM) | $2.02 | $1.48 | · | $2.20 | $1.65 | $1.31 | · | $-1.46 | $-1.49 | $-1.99 | · | · | · | · |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.20B | $1.00B | · | $723M | $606M | $490M | · | $306M | $230M | $163M | · | · | · | · | |
| Net Income TTM | $369M | $268M | · | $199M | $100M | $41M | · | $-94M | $-89M | $-102M | · | · | · | · | |
| Market Cap | $83.80B | $18.77B | · | $33.07B | $15.03B | $9.84B | · | $8.31B | $9.48B | $11.53B | · | · | · | · | |
| P/E | 239.1 | 74.1 | · | 89.0 | 54.8 | 45.5 | · | -35.9 | -40.6 | -37.3 | · | · | · | · | |
| P/S | 69.7 | 18.7 | · | 45.7 | 24.8 | 20.1 | · | 27.2 | 41.3 | 70.6 | · | · | · | · | |
| P/B | 48.6 | 12.6 | · | 26.0 | 13.2 | 9.4 | · | 9.3 | 11.2 | 14.3 | · | · | · | · | |
| P / Tangible Book | 51.3 | 13.3 | · | 26.0 | 13.2 | 9.4 | · | 9.3 | 11.2 | 14.3 | · | · | · | · | |
| P / Cash Flow | · | 251.6 | · | · | · | 936.8 | · | · | · | 3158.4 | · | · | · | · | |
| Earnings Yield | 0.42% | 1.4% | · | 1.1% | 1.8% | 2.2% | · | -2.8% | -2.5% | -2.7% | · | · | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | $853M | $396M | $116M | $80M |
| Gross Margin % | 75.7% | 76.4% | · | · |
| Operating Margin % | 20.3% | -29.3% | · | · |
| Net Income | $219M | $-83M | $-26M | $-58M |
| Diluted EPS | $1.22 | $-0.64 | $-0.71 | $-1.71 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Current Ratio | 10.2 | 11.7 | · | · |
| Quick Ratio | 1.9 | 1.4 | · | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | $282M | $102M | · | · |
Institutional owners (13F) 1,083 filers · $70.2B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 387 (+230 vs prior Q) | 74 (-45 vs prior Q) | 301 (+23 vs prior Q) | 278 (+49 vs prior Q) | +10.8M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| FMR LLC | $12,000,807,697 | 24,845,364 | 17.10% | Shares |
| BlackRock, Inc. | $6,609,580,511 | 13,683,865 | 9.42% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3,809,892,703 | 7,887,650 | 5.43% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $3,249,318,529 | 6,727,089 | 4.63% | Shares |
| Invesco Ltd. | $2,371,896,276 | 4,910,555 | 3.38% | Shares |
| VANGUARD GROUP INC | $2,300,343,898 | 13,827,506 | 3.28% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,881,894,222 | 3,896,100 | 2.68% | Call option |
| STATE STREET CORP | $1,776,592,481 | 3,678,093 | 2.53% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,396,314,216 | 2,890,800 | 1.99% | Put option |
| GEODE CAPITAL MANAGEMENT, LLC | $1,347,072,037 | 2,796,173 | 1.92% | Shares |
| VAN ECK ASSOCIATES CORP | $1,080,979,922 | 2,237,961 | 1.54% | Shares |
| JANE STREET GROUP, LLC | $1,071,773,078 | 2,218,900 | 1.53% | Call option |
| BANK OF AMERICA CORP /DE/ | $1,061,791,470 | 2,198,235 | 1.51% | Shares |
| JANE STREET GROUP, LLC | $1,039,169,228 | 2,151,400 | 1.48% | Put option |
| CITADEL ADVISORS LLC | $950,921,474 | 1,968,700 | 1.36% | Call option |
| CITADEL ADVISORS LLC | $930,876,144 | 1,927,200 | 1.33% | Put option |
| MORGAN STANLEY | $814,609,879 | 1,686,491 | 1.16% | Shares |
| JPMORGAN CHASE & CO | $809,699,137 | 1,775,810 | 1.15% | Shares |
| Amundi | $768,913,742 | 1,591,888 | 1.10% | Shares |
| Whale Rock Capital Management LLC | $757,318,364 | 1,567,882 | 1.08% | Shares |
| NORGES BANK | $692,818,288 | 1,434,347 | 0.99% | Shares |
| CITIGROUP INC | $653,108,731 | 1,352,136 | 0.93% | Shares |
| Rafferty Asset Management, LLC | $638,271,805 | 1,321,419 | 0.91% | Shares |
| FRED ALGER MANAGEMENT, LLC | $620,120,397 | 1,283,840 | 0.88% | Shares |
| GOLDMAN SACHS GROUP INC | $596,120,151 | 1,234,152 | 0.85% | Shares |
| Atreides Management, LP | $587,736,321 | 1,216,795 | 0.84% | Shares |
| BARCLAYS PLC | $546,268,570 | 1,130,944 | 0.78% | Shares |
| MAVERICK CAPITAL LTD | $515,486,189 | 1,067,215 | 0.73% | Shares |
| FEDERATED HERMES, INC. | $453,222,979 | 938,311 | 0.65% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $427,392,519 | 884,834 | 0.61% | Shares |
| NORTHERN TRUST CORP | $420,601,742 | 870,775 | 0.60% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $414,086,420 | 857,286 | 0.59% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $411,683,743 | 852,312 | 0.59% | Shares |
| UBS Group AG | $387,393,633 | 802,024 | 0.55% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $382,735,388 | 792,380 | 0.55% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $362,075,173 | 749,607 | 0.52% | Shares |
| D. E. Shaw & Co., Inc. | $328,597,540 | 680,298 | 0.47% | Shares |
| DEUTSCHE BANK AG\ | $325,601,850 | 674,096 | 0.46% | Shares |
| Legal & General Group Plc | $311,474,003 | 644,847 | 0.44% | Shares |
| Capital World Investors | $297,720,969 | 616,374 | 0.42% | Shares |
| MILLENNIUM MANAGEMENT LLC | $291,980,277 | 604,489 | 0.42% | Shares |
| FIRST TRUST ADVISORS LP | $280,483,666 | 580,688 | 0.40% | Shares |
| Value Aligned Research Advisors, LLC | $274,507,994 | 568,316 | 0.39% | Shares |
| Clear Street Group Inc. | $260,450,180 | 539,212 | 0.37% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $254,744,748 | 527,400 | 0.36% | Shares |
| Bank of New York Mellon Corp | $241,024,927 | 498,996 | 0.34% | Shares |
| 1832 Asset Management L.P. | $218,228,436 | 451,800 | 0.31% | Shares |
| Swiss National Bank | $185,462,291 | 383,964 | 0.26% | Shares |
| TUDOR INVESTMENT CORP ET AL | $174,370,220 | 361,000 | 0.25% | Shares |
| Capital Impact Advisors, LLC | $168,388,983 | 348,617 | 0.24% | Shares |
Company insiders 13 insiders · 5 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jitendra Mohan | Chief Executive Officer | Aug. 17, 2026 S | 1,266,665 | 0 | 98 | $-234,094,871 |
| Desmond Lynch | Chief Financial Officer | May 1, 2026 A | 49,584 | 0 | 0 | $0 |
| Sanjay Gajendra | President and COO | Aug. 17, 2026 S | 1,119,038 | 0 | 101 | $-318,614,897 |
| Philip Mazzara | General Counsel and Secretary | Aug. 17, 2026 S | 96,542 | 0 | 68 | $-11,115,202 |
| Germaine Cota | Chief Accting. Off. & VP, Fin. | July 20, 2026 A | 26,440 | 0 | 0 | $0 |
| Stefan A Dyckerhoff | Director | Sept. 2, 2026 S | 3,309 | 0 | 42 | $-24,389,356 |
| Manuel Alba | Director | Sept. 1, 2026 S | 253,863 | 0 | 143 | $-182,596,071 |
| Bethany Mayer | Director | June 24, 2026 S | 5,550 | 0 | 6 | $-270,999 |
| Michael E. Hurlston | Director | June 4, 2026 A | 92,482 | 0 | 0 | $0 |
| Jack R Lazar | Director | June 4, 2026 S | 75,688 | 0 | 34 | $-5,149,027 |
| Craig H Barratt | Director | June 4, 2026 A | 6,825 | 0 | 0 | $0 |
| SUTTER HILL VENTURES | 10% owner | Aug. 15, 2024 J | 11,174,393 | 0 | 0 | $0 |
| Michael Truett Tate | · | Feb. 17, 2026 S | 192,083 | 0 | 9 | $-3,139,639 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 95 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| CHPY · Tidal Trust II | 4.35% | 142,769 NS | July 31, 2026 | N-PORT |
| SOXY · Tidal Trust II | 4.25% | 8,739 NS | July 31, 2026 | N-PORT |
| ULTY · Tidal Trust II | 4.04% | 96,100 NS | July 31, 2026 | N-PORT |
| FMTM · EA Series Trust | 3.76% | 30,458 NS | July 31, 2026 | N-PORT |
| COWG · Pacer Funds Trust | 3.03% | 214,971 NS | July 31, 2026 | N-PORT |
| CHAT · Tidal Trust II | 2.56% | 146,154 NS | July 31, 2026 | N-PORT |
| SOXQ · Invesco Exchange-Traded Fund Trust … | 2.53% | 229,256 SH | Oct. 2, 2026 | Daily |
| SOXX · iShares Trust | 2.21% | 3,362,792 SH | Sept. 11, 2026 | Daily |
| THNQ · EXCHANGE TRADED CONCEPTS TRUST | 1.87% | 24,937 NS | July 31, 2026 | N-PORT |
| SOXL · Direxion Shares ETF Trust | 1.71% | 1,066,584 NS | July 31, 2026 | N-PORT |
| GURU · Global X Funds | 1.57% | 3,095 NS | July 31, 2026 | N-PORT |
| JMID · Janus Detroit Street Trust | 1.57% | 1,192 NS | July 31, 2026 | N-PORT |
| IWP · iShares Trust | 1.28% | 863,123 SH | Sept. 11, 2026 | Daily |
| PABU · iShares Trust | 1.11% | 97,262 SH | Sept. 11, 2026 | Daily |
| FXL · First Trust Exchange-Traded AlphaDE… | 1.07% | 88,031 NS | July 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 1.02% | 1,021,795 SH | Aug. 19, 2026 | Daily |
| ARTY · iShares Trust | 0.95% | 133,641 SH | Sept. 11, 2026 | Daily |
| QNXT · iShares Trust | 0.93% | 896 SH | Sept. 11, 2026 | Daily |
| QQQE · Direxion Shares ETF Trust | 0.92% | 39,646 NS | July 31, 2026 | N-PORT |
| IGPT · Invesco Exchange-Traded Fund Trust | 0.90% | 36,909 SH | Oct. 2, 2026 | Daily |
| VOT · VANGUARD INDEX FUNDS | 0.82% | 590,578 SH | Aug. 19, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.73% | 1,534,286 SH | Aug. 19, 2026 | Daily |
| TRFK · Pacer Funds Trust | 0.67% | 20,665 NS | July 31, 2026 | N-PORT |
| FBCG · FIDELITY COVINGTON TRUST | 0.64% | 141,649 NS | July 31, 2026 | N-PORT |
| FTC · First Trust Exchange-Traded AlphaDE… | 0.63% | 26,605 NS | July 31, 2026 | N-PORT |
| KNCT · Invesco Exchange-Traded Fund Trust | 0.62% | 2,896 SH | Oct. 2, 2026 | Daily |
| TRFM · ETF Series Solutions | 0.62% | 4,913 NS | July 31, 2026 | N-PORT |
| IETC · iShares U.S. ETF Trust | 0.58% | 13,904 SH | Sept. 11, 2026 | Daily |
| IMCG · iShares Trust | 0.54% | 76,421 SH | Sept. 11, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.45% | 1,769,071 SH | Aug. 19, 2026 | Daily |
| QFLR · Innovator ETFs Trust | 0.44% | 7,472 NS | July 31, 2026 | N-PORT |
| FFLG · FIDELITY COVINGTON TRUST | 0.42% | 7,933 NS | July 31, 2026 | N-PORT |
| MTUM · iShares Trust | 0.38% | 324,293 SH | Sept. 11, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.36% | 1,671,478 SH | Aug. 19, 2026 | Daily |
| VGT · VANGUARD WORLD FUND | 0.34% | 1,204,384 SH | Aug. 19, 2026 | Daily |
| IWR · iShares Trust | 0.32% | 627,418 SH | Sept. 11, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.31% | 5,784 NS | July 31, 2026 | N-PORT |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.30% | 24,325 NS | July 31, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.29% | 14,586 NS | July 31, 2026 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 0.28% | 11,589 SH | Aug. 19, 2026 | Daily |
| IMCB · iShares Trust | 0.27% | 16,162 SH | Sept. 11, 2026 | Daily |
| QQQM · Invesco Exchange-Traded Fund Trust … | 0.26% | 798,075 SH | Oct. 2, 2026 | Daily |
| QQQ · Invesco QQQ Trust, Series 1 | 0.26% | 3,633,793 SH | Oct. 2, 2026 | Daily |
| QYLG · Global X Funds | 0.25% | 1,248 NS | July 31, 2026 | N-PORT |
| QTR · Global X Funds | 0.25% | 60 NS | July 31, 2026 | N-PORT |
| PTNQ · Pacer Funds Trust | 0.24% | 9,383 NS | July 31, 2026 | N-PORT |
| QYLD · Global X Funds | 0.24% | 63,436 NS | July 31, 2026 | N-PORT |
| QRMI · Global X Funds | 0.24% | 112 NS | July 31, 2026 | N-PORT |
| FTEC · FIDELITY COVINGTON TRUST | 0.24% | 153,020 NS | July 31, 2026 | N-PORT |
| QQWZ · Pacer Funds Trust | 0.24% | 391 NS | July 31, 2026 | N-PORT |
| QCLR · Global X Funds | 0.24% | 25 NS | July 31, 2026 | N-PORT |
| QSIX · Pacer Funds Trust | 0.22% | 132 NS | July 31, 2026 | N-PORT |
| SIZE · iShares Trust | 0.22% | 3,319 SH | Sept. 11, 2026 | Daily |
| VONG · VANGUARD SCOTTSDALE FUNDS | 0.22% | 242,396 SH | Aug. 19, 2026 | Daily |
| IYW · iShares Trust | 0.22% | 190,175 SH | Sept. 11, 2026 | Daily |
| EUSA · iShares, Inc. | 0.20% | 13,500 SH | Sept. 11, 2026 | Daily |
| IGM · iShares Trust | 0.17% | 63,100 SH | Sept. 11, 2026 | Daily |
| USMV · iShares Trust | 0.14% | 118,024 SH | Sept. 11, 2026 | Daily |
| VEGN · ETF Series Solutions | 0.14% | 784 NS | July 31, 2026 | N-PORT |
| IWF · iShares Trust | 0.13% | 575,454 SH | Sept. 11, 2026 | Daily |
| ILCG · iShares Trust | 0.12% | 13,450 SH | Sept. 11, 2026 | Daily |
| VUG · VANGUARD INDEX FUNDS | 0.12% | 978,905 SH | Aug. 19, 2026 | Daily |
| GLBL · Pacer Funds Trust | 0.11% | 4 NS | July 31, 2026 | N-PORT |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.11% | 25,381 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.10% | 4,898,185 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.10% | 12,891 SH | Aug. 19, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.10% | 7,106 SH | Oct. 2, 2026 | Daily |
| GARP · iShares Trust | 0.08% | 8,996 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.08% | 1,777 SH | Oct. 2, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.07% | 23,759 SH | Oct. 2, 2026 | Daily |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.07% | 19,020 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.07% | 2,336 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.06% | 12 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.06% | 42,808 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.06% | 10,957 NS | July 31, 2026 | N-PORT |
| DYNF · BlackRock ETF Trust | 0.06% | 90,674 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.06% | 105,681 SH | Sept. 11, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.06% | 90,084 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.06% | 128,035 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.06% | 484 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.06% | 42,061 SH | Sept. 11, 2026 | Daily |
| ILCB · iShares Trust | 0.06% | 2,671 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.05% | 5,722 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.05% | 173,375 SH | Sept. 11, 2026 | Daily |
| CRBN · iShares Trust | 0.04% | 1,815 SH | Sept. 11, 2026 | Daily |
| TOK · iShares Trust | 0.04% | 364 SH | Sept. 11, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.04% | 17,065 NS | July 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.04% | 12,264 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.04% | 2,916 NS | July 31, 2026 | N-PORT |
| ACWI · iShares Trust | 0.04% | 44,027 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.03% | 2,724 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.02% | 37,515 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.01% | 467 NS | July 31, 2026 | N-PORT |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.01% | 814 SH | Oct. 2, 2026 | Daily |
| SMLF · iShares Trust | · | 94,232 SH | Sept. 11, 2026 | Daily |
ALAB Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
23 analysts · 2026-09-29Mean target $389.95 +11.3%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ALAB | $28.31B | 136.4 | 115.1% | 25.7% | 17.5% | 75.7% |
| TXN | · | 31.8 | 13.1% | 28.3% | 30.1% | 57.0% |
| MRVL | $68.75B | 26.4 | 42.1% | 32.6% | 19.3% | 51.0% |
| ADI | $114.64B | 51.3 | 16.9% | 20.6% | 6.6% | 61.5% |
| QCOM | $181.72B | 33.8 | 13.7% | 12.5% | 22.7% | · |
| MPWR | $44.15B | 70.5 | 26.4% | 22.3% | 18.0% | 55.2% |
| MRVL | $68.75B | 26.4 | 42.1% | 32.6% | 19.3% | 51.0% |
| MCHP | $35.02B | 293.7 | 7.1% | 4.9% | 3.5% | 57.7% |
| CBRS | · | · | · | · | · | · |
| ON | $21.48B | 186.7 | -15.3% | 2.0% | 1.5% | 33.1% |
| GFS | · | 22.0 | · | 13.0% | 7.8% | 24.9% |
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