What is the 13F Pro Quality Score for ALAB?

13F Pro ranks Astera Labs, Inc. (ALAB) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View ALAB's current score at https://13fpro.ai/company/ALAB (free sign-up required for the full ranking).

Which hedge funds own the most ALAB stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of ALAB include FMR, BlackRock,, VANGUARD PORTFOLIO MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/ALAB as soon as new 13F filings post.

Where does 13F Pro source ALAB data?

All Astera Labs, Inc. fundamentals and ownership data come directly from SEC EDGAR. Astera Labs, Inc. files with the SEC under CIK 1736297. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is ALAB in?

Astera Labs, Inc. (ALAB) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives ALAB's revenue?

Per Astera Labs, Inc.'s latest 10-Q filed with the SEC on 2026-08-05, the biggest revenue drivers are: China ($152.7M); Singapore ($113.7M); Taiwan ($105.8M). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/ALAB.

What are ALAB's largest expenses?

Astera Labs, Inc.'s latest 10-Q reports these as the largest expense items: Research and development ($135.9M, +104% YoY); Cost of revenue ($104.8M, +126% YoY); General and administrative ($36.0M, +76% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is ALAB research updated on 13F Pro?

ALAB's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Astera Labs, Inc.(ALAB)Stock Analysis

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13F Pro Quality Score

75.1/100

Rank #102 of 2,961 stocksTOP 5%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

98.1/100

Profitability

93.0/100

Balance Sheet

97.2/100

Earnings Quality

38.0/100

Free Cash Flow

76.6/100

Institutional Flow

84.9/100

Revenue Scale

53.5/100

Dilution Risk

9.5/100

Email me the moment this company reports earnings

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Two-page plain-English analysis: business, thesis, and three scenarios for the next two years. Refreshed every quarter.

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Why ALAB Scores 75/100

exact factor attribution · 2026-09-11

ALAB's composite is driven by revenue growth and profitability, held back by shareholder dilution and earnings quality. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+9.6 pts

98th pct

Profitability

+6.5 pts

93th pct

Capital efficiency

+4.7 pts

97th pct

Free cash flow

+4.0 pts

77th pct

Institutional flow

+1.8 pts

85th pct

Earnings growth

+1.2 pts

75th pct

Scale

+0.5 pts

54th pct

Earnings quality

-1.2 pts

38th pct

Shareholder dilution

-2.0 pts

10th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

Unusual Activity in ALAB

Events flagged as statistical outliers against ALAB's own multi-year baseline — not fixed dollar thresholds.

Score shock2026-08-06
ALAB quality score dropped 9 points (78→68) on a new filing
View source filing →

ALAB Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for Astera Labs, Inc. (ALAB), a Technology sector company. 13F Pro's AI-powered ranking engine scores ALAB at 75.1/100 on a 32-signal composite quality model, placing it at rank #102 of 2,961 stocks — the top 5% of the AI-ranked universe. ALAB scores in the top quartile across revenue growth (98.1), balance sheet strength (97.2), profitability (93.0). Areas of concern include earnings quality (38.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 9.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Astera Labs, Inc. reports quarterly revenue of $392.4M, net income of $153.1M, an operating margin of 22.7%. Top institutional holders of ALAB by reported 13-F value include FMR, BlackRock, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. ALAB trades on the Nasdaq exchange and files with the SEC under CIK 1736297. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ALAB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Astera Labs, Inc. directly from SEC EDGAR. Astera Labs, Inc.'s 13F Pro composite quality score has ranged between 51 and 81 since 2025, currently 75.1 — an improving long-term trajectory across 52 quarterly and live scoring snapshots.

✦

Fun facts about Astera Labs, Inc.

Quirks, history, and lore behind ALAB — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. semiconductor / connectivity company · small-cap · listed on Nasdaq · headquartered in Santa Clara, California.
2
The Numbers
Annual revenue in the range of a few hundred million dollars and growing fast — the kind of growth rate that makes investors forget the company is still barely profitable.
3
The History
Founded in the early 2020s by veterans of the semiconductor and systems industry, it went public on Nasdaq in 2024 in one of the more closely watched tech IPOs of that year.
4
The Secret
Its products solve a very specific bottleneck: moving massive amounts of data between CPUs, GPUs, and memory at the speeds that AI data centers demand — think plumbing for the AI boom.
5
The Lore
Its core product line — CXL and PCIe connectivity controllers — sounds like alphabet soup, but hyperscalers and cloud giants are lining up because without it, those expensive AI accelerators sit idle waiting for data.
6
The Giveaway
Its ticker is four letters starting with A, its name references stars and laboratories, and it makes the connectivity chips that keep AI clusters from choking — the quiet pick-and-shovel play of the GPU gold rush.

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What's Driving ALAB's Business? Latest 10-Q Breakdown

✓ 43/43 datapoints verified

AI-extracted from Astera Labs, Inc.'s 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Revenue rose 104% year over year to $392.4 million on higher Aries, Scorpio, and Taurus unit shipments, though gross margin fell 250 bps to 73.3%.

Biggest Revenue Drivers

China$152.7M

Revenue by location is determined by the billing address of customers, including end customers' manufacturing partners and distributors.

Singapore$113.7M

Biggest Revenue Drivers

Total revenue: $392.4M+104% YoY

China$152.7M

Revenue by location is determined by the billing address of customers, including end customers' manufacturing partners and distributors.

Singapore$113.7M

Taiwan$105.8M

Other$14.7M

United States$5.5M

Largest Expense Items

Research and development$135.9M+104% YoY

$32.7M more personnel costs on 118% headcount growth, $18.6M more stock-based compensation, and $12.1M higher R&D program spending.

Cost of revenue$104.8M+126% YoY

Primarily higher unit shipments and shift in product mix cost.

General and administrative$36.0M+76% YoY

$6.4M more stock-based compensation, $5.6M more personnel costs on 79% headcount growth, and $1.8M higher professional services fees.

Sales and marketing$26.4M+42% YoY

$4.9M increase in personnel-related costs from 47% headcount growth and $2.2M more stock-based compensation.

Margins: Gross margin decreased 250 bps to 73.3% from 75.8%, driven primarily by a shift in product mix toward lower margin hardware modules and the impact of the Warrants.

Watch Items from the Filing

Customer concentration is extreme: Customers A, B, C, and D were 29%, 25%, 15%, and 13% of quarterly revenue; Customer A is 30% of accounts receivable.
China billing-address revenue was $152.7M of $392.4M, against disclosed risk from U.S.-China trade restrictions and export controls.
Warrants reduced revenue by $10.2M this quarter versus $1.8M a year ago; the February 2026 Warrant carries maximum fair value of $280.0M recognizable through January 2033.
Net income of $153.1M included a $50.3M income tax benefit (effective rate -48.9%) from excess equity compensation tax benefits, not operations.
Working capital build: accounts receivable rose to $192.5M from $83.2M and inventory to $113.8M from $59.0M since December 31, 2025.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$392.4M

Net Income

Q2 2026

$153.1M

Free Cash Flow

Q2 2026

$67.2M

Operating Margin

Q2 2026

22.7%

ROIC

Q2 2026

20.7%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+115.1% YoY

$852.5MFY 2025

FY22 $79.9MFY23 $115.8MFY24 $396.3MFY25 $852.5M

Net Income

+362.7% YoY

$219.1MFY 2025

FY22 $-58.3MFY23 $-26.3MFY24 $-83.4MFY25 $219.1M

Operating Income

+249.4% YoY

$173.4MFY 2025

FY22 $-60.2MFY23 $-29.5MFY24 $-116.1MFY25 $173.4M

EPS (Diluted)

+290.6% YoY

$1.22FY 2025

FY22 $-1.71FY23 $-0.71FY24 $-0.64FY25 $1.22

Total Assets

+45.3% YoY

$1.53BFY 2025

FY22 —FY23 $196.3MFY24 $1.05BFY25 $1.53B

Op. Cash Flow

+133.6% YoY

$319.3MFY 2025

FY22 $-35.9MFY23 $-12.7MFY24 $136.7MFY25 $319.3M

Free Cash Flow

+175.1% YoY

$281.8MFY 2025

FY22 $-39.8MFY23 $-15.5MFY24 $102.4MFY25 $281.8M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	$852.5M +115.1%	$396.3M +242.2%	$115.8M +45.0%	$79.9M	—
Net Income	$219.1M +362.7%	$-83.4M -217.7%	$-26.3M +55.0%	$-58.3M	—
Operating Income	$173.4M +249.4%	$-116.1M -293.5%	$-29.5M +51.0%	$-60.2M	—
EPS (Diluted)	$1.22 +290.6%	$-0.64 +9.9%	$-0.71 +58.5%	$-1.71	—
Total Assets	$1.53B +45.3%	$1.05B +437.2%	$196.3M	—	—
Operating Cash Flow	$319.3M +133.6%	$136.7M +1174.8%	$-12.7M +64.6%	$-35.9M	—
Free Cash Flow	$281.8M +175.1%	$102.4M +761.8%	$-15.5M +61.1%	$-39.8M	—

AI Insight: ALAB Financial Trends

Revenue nearly tripled from Q3 2024 to Q2 2026 while operating margin swung from negative to 23%, but Q4 2025 earnings surprise suggests volatile execution.

• Revenue accelerated from $113M (Q3 2024) to $392M (Q2 2026), a 3.5× increase. Operating income swung from -$9M loss to $89M profit.

• Operating margin expanded to 23% (Q2 2026) from negative in Q3 2024, demonstrating strong operational leverage as scale increases.

• Operating cash flow averaged $84M over past 4 quarters, supporting profitability claims and funding $1.7B+ equity base.

⚠ Net income fell 44% Q3-to-Q4 2025 ($91M to $45M) despite revenue up 17%, signaling margin compression or one-time charges—root cause unclear.

⚠ Operating cash flow declined 39% Q2-to-Q3 2025 ($135M to $78M), then recovered. Working capital volatility warrants monitoring.

AI Insight: ALAB Ratio Trends

Astera Labs surged from unprofitable in Q3 2024 to 22.8% operating margin and 20.7% ROIC on a TTM basis, driven by accelerating revenue and improving unit economics.

• Operating margin expanded 30.7pp from Q3 2024 (−7.9%) to TTM (22.8%); Q2 2026 OpMargin at 22.7%.

• ROIC recovered from −4.0% in Q3 2024 to 20.7% in Q2 2026, with TTM ROIC at 15.8%.

• ROE climbed 38.9pp from Q3 2024 (−3.4%) to Q2 2026 (35.5%), signaling strong earnings growth relative to equity base.

⚠ Q4 2025 NPM dropped to 16.6% from Q3 2025's 39.5%; Q2 2026 rebounded to 39.0%. Monitor for earnings volatility.

⚠ Q1 2026 showed sequential margin compression (OpMargin 20.1% vs. Q4 2025's 24.8%); assess if seasonal or structural.

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Available Research

13F Pro tracks comprehensive data for Astera Labs, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of ALAB

FMR LLC
$12.0B24,845,364 sh
BlackRock, Inc.
$6.6B13,683,865 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$3.8B7,887,650 sh
VANGUARD CAPITAL MANAGEMENT LLC
$3.2B6,727,089 sh
Invesco Ltd.
$2.4B4,910,555 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$1.9B3,896,100 sh
STATE STREET CORP
$1.8B3,678,093 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$1.4B2,890,800 sh
GEODE CAPITAL MANAGEMENT, LLC
$1.3B2,796,173 sh
PRICE T ROWE ASSOCIATES INC /MD/
$1.2B2,409,693 sh

Fund	Value	Shares
FMR LLC	$12.0B	24,845,364
BlackRock, Inc.	$6.6B	13,683,865
VANGUARD PORTFOLIO MANAGEMENT LLC	$3.8B	7,887,650
VANGUARD CAPITAL MANAGEMENT LLC	$3.2B	6,727,089
Invesco Ltd.	$2.4B	4,910,555
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$1.9B	3,896,100
STATE STREET CORP	$1.8B	3,678,093
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$1.4B	2,890,800
GEODE CAPITAL MANAGEMENT, LLC	$1.3B	2,796,173
PRICE T ROWE ASSOCIATES INC /MD/	$1.2B	2,409,693

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Is ALAB a good stock to buy?

13F Pro's AI-powered analysis of Astera Labs, Inc. (ALAB) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for ALAB are available on the ALAB stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. ALAB is classified as a large company.

Which hedge funds own ALAB?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling ALAB. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Astera Labs, Inc.'s investment landscape.