Astera Labs, Inc.

Description

Astera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. It offers an intelligent connectivity platform, comprised of semiconductor-based, mixed-signal connectivity products that integrate a matrix of microcontrollers and sensors, and COSMOS. The company provides COSMOS, a connectivity system management and optimization software that enables management and optimization of resources for large fleets at cloud-scale via link, fleet, and RAS management capabilities. It offers smart fabric switches for AI servers and AI clusters; smart DSP retimers and smart memory controllers; and Ethernet smart cable modules for AI and cloud connectivity. The company serves hyperscalers and system original equipment manufacturers. Astera Labs, Inc. was incorporated in 2017 and is based in Santa Clara, California.

About

CEO
Mr. Jitendra Mohan
Employees
267
Instrument type
Common Stock
Sector
Technology
Industry
Semiconductors
MIC code
XNGS
Address
2901 Tasman Drive, Santa Clara, CA 95054, United States
Phone
(408) 242-7319
Website
Chart Image
× Enlarged Chart
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Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Feb 11, 2025 0.26
Nov 5, 2024 0.17 0.23 0.06 35.29%
Aug 7, 2024 0.11 0.13 0.02 18.18%
May 8, 2024 0.04 0.27 0.23 575.00%

Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 11 12
Average estimate 0.25 1.16
Low estimate 0.22 1.00
High estimate 0.30 1.43
Last year EPS 0.27 0.72
[stock_revenue_estimate]

Growth estimates

Current qtr
Next qtr. (Mar 2025)
-7.160%
Current year
Next year (Dec 2025)
61.370%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Jan 28, 2025
Northland Capital Markets
Gus Richard
Upgrade Outperform Maintains $120
Jan 28, 2025
Morgan Stanley
Joseph Moore
Maintains Equal-Weight ▼ Lowers $142 → $114
Jan 21, 2025
Morgan Stanley
Joseph Moore
Downgrade Equal-Weight Maintains $142
Jan 17, 2025
Barclays
Tom O'Malley
Maintains Overweight ▲ Raises $87 → $135
Jan 6, 2025
Stifel
Tore Svanberg
Maintains Buy ▲ Raises $100 → $150
Jan 2, 2025
Northland Capital Markets
Gus Richard
Downgrade Market Perform ▲ Raises $100 → $120
Dec 20, 2024
Morgan Stanley
Joseph Moore
Maintains Overweight ▲ Raises $94 → $142
Nov 18, 2024
Citigroup
Atif Malik
Initiates Buy Announces $120
Nov 5, 2024
Craig-Hallum
Richard Shannon
Maintains Buy ▲ Raises $75 → $105
Nov 5, 2024
Roth MKM
Suji Desilva
Maintains Buy ▲ Raises $80 → $105
Nov 5, 2024
Barclays
Tom O'Malley
Maintains Overweight ▲ Raises $70 → $87
Nov 5, 2024
Morgan Stanley
Joseph Moore
Maintains Overweight ▲ Raises $74 → $94
Nov 5, 2024
Stifel
Tore Svanberg
Maintains Buy ▲ Raises $80 → $100
Nov 5, 2024
JP Morgan
Harlan Sur
Maintains Overweight ▲ Raises $70 → $110
Nov 5, 2024
Deutsche Bank
Ross Seymore
Maintains Buy ▲ Raises $60 → $100
Oct 9, 2024
Needham
Quinn Bolton
Reiterates Buy Maintains $65
Oct 9, 2024
Morgan Stanley
Joseph Moore
Maintains Overweight ▲ Raises $55 → $74
Sep 4, 2024
Morgan Stanley
Joseph Moore
Upgrade Overweight Maintains $55
Aug 7, 2024
Craig-Hallum
Richard Shannon
Maintains Buy ▼ Lowers $90 → $75
Aug 7, 2024
Deutsche Bank
Ross Seymore
Maintains Buy ▼ Lowers $85 → $60
Aug 7, 2024
Evercore ISI Group
Mark Lipacis
Maintains Outperform ▼ Lowers $98 → $80
Aug 7, 2024
Morgan Stanley
Joseph Moore
Maintains Equal-Weight ▼ Lowers $85 → $55
Aug 7, 2024
Jefferies
Maintains Buy
Aug 7, 2024
Roth MKM
Suji Desilva
Maintains Buy ▼ Lowers $85 → $60
Aug 7, 2024
Needham
Quinn Bolton
Maintains Buy ▼ Lowers $85 → $65
Aug 7, 2024
JP Morgan
Harlan Sur
Maintains Overweight ▼ Lowers $95 → $70
Aug 7, 2024
Barclays
Tom O'Malley
Maintains Overweight ▼ Lowers $85 → $70
Aug 5, 2024
Stifel
Tore Svanberg
Maintains Buy ▼ Lowers $87 → $80
May 8, 2024
Needham
Quinn Bolton
Reiterates Buy Maintains $85
Apr 16, 2024
Evercore ISI Group
Mark Lipacis
Initiates Outperform Announces $100

Income statement

2023 2022
Fiscal date 2023-12-31 2022-12-31
Total reported revenue 115.79M 79.87M
Cost of revenue 35.97M 21.19M
Gross profit 79.83M 58.68M
Operating expense
Research & development 73.41M 73.71M
Selling general and admin 35.92M 45.16M
Other operating expenses
Operating income -29.50M -60.19M
Non operating interest income
Income 6.55M 2.61M
Expense
Other income expense
Pretax income -22.95M -57.58M
Tax provision 3.31M 764,000
Net income -26.26M -58.35M
Basic EPS -0.20 -0.45
Diluted EPS -0.20 -0.45
Basic average shares 130.45M 130.45M
Diluted average shares 130.45M 130.45M
EBITDA -27.72M -59.39M
Net income from continuing op. -26.26M -58.35M
Minority interests
Preferred stock dividends

Balance sheet

2023 2022
Fiscal date 2023-12-31 2022-12-31
Total assets 196.29M 211.73M
Current assets
Cash
Cash equivalents
Cash and cash equivalents 45.10M 76.09M
Other short term investments 104.22M 87.06M
Accounts receivable 8.34M 10.72M
Other receivables
Inventory 24.10M 28.87M
Prepaid assets 3.38M 2.76M
Restricted cash
Assets held for sale
Hedging assets
Other current assets 686,000 509,000
Non current assets
Properties 6.71M 3.96M
Land and improvements
Machinery furniture equipment 242,000 243,000
Construction in progress
Leases 437,000 220,000
Accumulated depreciation -2.68M -898,000
Goodwill
Investment properties
Financial assets
Intangible assets
Investments and advances
Other non current assets 5.77M 2.20M
Total liabilities 293.99M 297.02M
Current liabilities
Accounts payable 6.34M 10.30M
Accrued expenses 10.95M 18.48M
Short term debt 2.16M 1.60M
Deferred revenue
Tax payable
Pensions 14.92M 8.03M
Other current liabilities 714,000 1.69M
Non current liabilities
Long term debt
Provision for risks and charges
Deferred liabilities
Derivative product liabilities
Other non current liabilities 3.79M 1.81M
Shareholders equity
Common stock 4,000 4,000
Retained earnings -125.38M -99.12M
Other shareholders equity 259,000 -229,000
Total shareholders equity -97.70M -85.29M
Additional paid in capital 27.41M 14.05M
Treasury stock
Minority interest

Cash flow statement

20232022
Operating Activities
Net Income-26.26M-58.35M
Depreciation1.78M807,000
Deferred Taxes
Stock-Based Compensation10.68M30.24M
Other Non-Cash Items1.23M1.45M
Accounts Receivable2.39M-6.04M
Accounts Payable-4.26M2.13M
Other Assets & Liabilities-6.91M-20.68M
Operating Cash Flow-21.35M-50.44M
Investing Activities
Capital Expenditures-2.76M-3.87M
Net Intangibles
Net Acquisitions
Purchase of Investments-126.23M-88.71M
Sale of Investments111.21M2.00M
Investing Cash Flow-17.77M-90.59M
Financing Activities
Long-Term Debt Issuance
Long-Term Debt Payments
Other Financing Charges-1.41M
Financing Cash Flow-1.62M149.55M
Other Cash Details
End Cash Position45.10M76.09M
Income Tax Paid2.48M
Interest Paid
Free Cash Flow-15.48M-39.77M
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