Astera Labs, Inc.(US:ALAB) ZACKS·2026-02-11 17:45Core Insights - Astera Labs (ALAB) reported fourth-quarter 2025 non-GAAP earnings of 58 cents per share, exceeding the Zacks Consensus Estimate by 12.75% and up from 37 cents per share in the same quarter last year [1] - Net revenues increased by 91.8% year over year to $270.6 million, surpassing the Zacks Consensus Estimate by 8.33%, driven by new AI platform ramps [1] - ALAB shares fell by 11.85% in pre-market trading following the earnings report [1] Operating Details - The non-GAAP gross margin was 75.7%, a decrease of 160 basis points year over year [2] - Research and development expenses rose by 65.9% year over year to $93.8 million [2] - Sales and marketing expenses decreased by 11.9% year over year to $20.1 million, while general and administrative expenses increased by 6.8% year over year to $23.6 million [2] - The non-GAAP operating margin improved to 40.2% from 34.3% in the year-ago quarter [2] Balance Sheet Details - As of December 31, 2025, cash and cash equivalents and marketable securities totaled $1.18 billion, up from $1.13 billion as of September 30, 2025 [3] Q1 Guidance - Astera Labs expects first-quarter 2026 revenues to be between $286 million and $297 million [4] - The non-GAAP gross margin is anticipated to be approximately 74% [4] - Non-GAAP operating expenses are projected to be between $112 million and $118 million [4] - Earnings per share are expected to range from 53 cents to 54 cents for the first quarter [4] Zacks Rank & Stocks to Consider - Astera Labs currently holds a Zacks Rank 3 (Hold) [5] - Other stocks in the broader Zacks Computer and Technology sector include Analog Devices (ADI), Applied Materials (AMAT), and MKS (MKSI), with MKSI rated 1 (Strong Buy) and ADI and AMAT rated 2 (Buy) [5]