ALAB vs. DELL: Astera Labs vs. Dell Stock Comparison

November 11, 2026

How do Astera Labs (ALAB) and Dell (DELL) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Astera Labs (ALAB) and Dell (DELL) share the Information Technology sector but sit in different industry groups — ALAB in Semiconductors & Semiconductor Equipment and DELL in Technology Hardware & Equipment.

Dell (DELL) has been public since August 17, 2016, giving it a longer listed trading history, while Astera Labs (ALAB) listed on March 20, 2024 and still has a shorter public-market record.

Company profile comparison for Astera Labs (ALAB) and Dell (DELL)
Profile Item	ALAB	DELL
Name	Astera Labs, Inc.	Dell Technologies Inc. Class C Common Stock
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Technology Hardware & Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Technology Hardware, Storage & Peripherals
GICS Sub-Industry	Semiconductors	Technology Hardware, Storage & Peripherals
Market Capitalization	33.33 billion USD	208.88 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	March 20, 2024	August 17, 2016
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ALAB

DELL

GSPC

Astera Labs (ALAB) vs. Dell (DELL), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Astera Labs (ALAB) and Dell (DELL). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Astera Labs (ALAB) and Dell (DELL). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Astera Labs (ALAB) and Dell (DELL)
Metric	ALAB	DELL
Total Return (1Y)	31.42%	142.85%
Total Return (3Y, Annualized)	--	72.12%
Total Return (5Y, Annualized)	--	47.28%

Risk Profile

Drawdown History

ALAB

DELL

GSPC

Astera Labs (ALAB) vs. Dell (DELL), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Astera Labs (ALAB) and Dell (DELL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Astera Labs (ALAB) and Dell (DELL)
Metric	ALAB	DELL
Volatility (1Y, Annualized)	101.55%	80.23%
Beta (5Y)	3.95	1.50
Max Drawdown (5Y)	-63.69%	-59.59%
Avg. Volume (3M)	4.15M	7.77M

Risk-Adjusted Performance

Risk-Return Positioning

ALAB and DELL are plotted by 1-year volatility (risk) and 1-year return. Each dashed Capital Allocation Line uses that stock's own industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Astera Labs (ALAB) and Dell (DELL)
Metric	ALAB	DELL
Sharpe Ratio (1Y)	0.27	1.73
Sortino Ratio (1Y)	0.39	3.00

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Astera Labs (ALAB) earns 28.21% on shareholders’ equity, ranked against its industry; Dell (DELL) has no ROE this period.

ALAB

Semiconductors & Semiconductor Equipment industry group

28.21%

Max: 52.82%
ALAB: 28.21%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

DELL

Technology Hardware & Equipment industry group

Max: 42.47%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%
DELL: --

Astera Labs (ALAB) vs. Dell (DELL): DELL does not report ROE, so it has no value marker; ALAB is benchmarked against the Semiconductors & Semiconductor Equipment industry group.

Net Margin (TTM)

Astera Labs (ALAB) at 29.64% retains a top-quartile share of revenue as profit, ahead of Dell (DELL) at 7.53%, which keeps about the industry-typical share.

ALAB

Semiconductors & Semiconductor Equipment industry group

29.64%

Max: 63.80%
ALAB: 29.64%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

DELL

Technology Hardware & Equipment industry group

7.53%

Max: 27.60%
Q3: 11.66%
DELL: 7.53%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

Astera Labs (ALAB) vs. Dell (DELL): A comparison of their net margin against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Operating Margin (TTM)

Astera Labs (ALAB) at 30.61% operates in the top operating margin quartile, ahead of Dell (DELL) at 12.02%, which runs around its industry’s norm.

ALAB

Semiconductors & Semiconductor Equipment industry group

30.61%

Max: 58.66%
ALAB: 30.61%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

DELL

Technology Hardware & Equipment industry group

12.02%

Max: 36.27%
Q3: 18.36%
DELL: 12.02%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

Astera Labs (ALAB) vs. Dell (DELL): A comparison of their operating margin against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Profitability Metrics

Profitability metrics for Astera Labs (ALAB) and Dell (DELL)
Metric	ALAB	DELL
ROE (TTM)	28.21%	--
ROA (TTM)	13.41%	8.64%
Net Margin (TTM)	29.64%	7.53%
Operating Margin (TTM)	30.61%	12.02%
Gross Margin (TTM)	73.89%	19.91%

Growth

Revenue Growth

Astera Labs (ALAB) at 115.13% clears its industry range for revenue growth, far stronger top-line momentum than Dell (DELL) at 18.80%, which is closer to a typical peer reading.

Astera Labs (ALAB) vs. Dell (DELL): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Dell (DELL) reports EPS growth of 36.05%, ranked against its industry; Astera Labs (ALAB) has no EPS growth figure this period.

Astera Labs (ALAB) vs. Dell (DELL): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Astera Labs (ALAB) and Dell (DELL)
Metric	ALAB	DELL
Revenue Growth (YoY)	115.13%	18.80%
Revenue Growth (3Y CAGR)	120.18%	3.54%
EPS Growth (YoY)	--	36.05%
EPS Growth (3Y CAGR)	--	38.89%

Financial Strength

Current Ratio (MRQ)

Astera Labs (ALAB) at 8.03 carries current ratio above its industry’s typical mid-range, while Dell (DELL) at 0.96 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

ALAB

Semiconductors & Semiconductor Equipment industry group

8.03

Max: 10.33
ALAB: 8.03
Q3: 5.62
Median: 3.33
Q1: 2.35
Min: 1.03

DELL

Technology Hardware & Equipment industry group

0.96

Max: 5.34
Q3: 3.02
Median: 1.95
Q1: 1.32
DELL: 0.96
Min: 0.17

Astera Labs (ALAB) vs. Dell (DELL): A comparison of their current ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Astera Labs (ALAB) carries debt-to-equity ratio of 0.02 against its industry range, while Dell (DELL) reports no figure this period.

ALAB

Semiconductors & Semiconductor Equipment industry group

0.02

Max: 1.46
Q3: 0.65
Median: 0.27
Q1: 0.04
ALAB: 0.02
Min: 0.00

DELL

Technology Hardware & Equipment industry group

Max: 1.76
Q3: 0.78
Median: 0.24
Q1: 0.04
Min: 0.01
DELL: --

Astera Labs (ALAB) vs. Dell (DELL): DELL does not report debt-to-equity ratio, so it has no value marker; ALAB is benchmarked against the Semiconductors & Semiconductor Equipment industry group.

Financial Strength Metrics

Financial strength metrics for Astera Labs (ALAB) and Dell (DELL)
Metric	ALAB	DELL
Current Ratio (MRQ)	8.03	0.96
Debt / Equity (MRQ)	0.02	--
Net Debt / EBITDA	-3.23	1.34

Dividends

Dividend Yield (TTM)

Astera Labs (ALAB) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Dell (DELL) reports a yield of 0.73%, ranking against industry peers normally.

ALAB

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 1.37%
Q3: 0.65%
ALAB: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

DELL

Technology Hardware & Equipment industry group

0.73%

DELL: 0.73%
Max: 0.73%
Q3: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Astera Labs (ALAB) vs. Dell (DELL): A comparison of their dividend yield against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Dividend Payout Ratio (TTM)

Astera Labs (ALAB) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Dell (DELL) reports a payout of 13.43%, ranking against industry peers normally.

ALAB

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 49.64%
Q3: 21.71%
ALAB: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

DELL

Technology Hardware & Equipment industry group

13.43%

Max: 32.27%
Q3: 14.48%
DELL: 13.43%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Astera Labs (ALAB) vs. Dell (DELL): A comparison of their payout ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Dividend Metrics

Dividend metrics for Astera Labs (ALAB) and Dell (DELL)
Metric	ALAB	DELL
Dividend Yield (TTM)	0.00%	0.73%
Dividend Payout Ratio (TTM)	0.00%	13.43%

Valuation

P/E Ratio (TTM)

Dell (DELL) at 19.10 sits in the cheaper P/E ratio quartile, while Astera Labs (ALAB) at 75.38 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

ALAB

Semiconductors & Semiconductor Equipment industry group

75.38

Max: 110.34
ALAB: 75.38
Q3: 66.81
Median: 37.02
Q1: 23.96
Min: 8.12

DELL

Technology Hardware & Equipment industry group

19.10

Max: 69.48
Q3: 41.02
Median: 26.39
Q1: 19.36
DELL: 19.10
Min: 6.07

Astera Labs (ALAB) vs. Dell (DELL): A comparison of their P/E ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

P/S Ratio (TTM)

Dell (DELL) at 1.38 is priced about in line with its industry on P/S ratio, while Astera Labs (ALAB) at 21.42 sits in the pricier quartile — ALAB costs more per dollar of sales.

ALAB

Semiconductors & Semiconductor Equipment industry group

21.42

ALAB: 21.42
Max: 21.42
Q3: 12.27
Median: 5.76
Q1: 2.73
Min: 0.00

DELL

Technology Hardware & Equipment industry group

1.38

Max: 11.30
Q3: 5.82
Median: 2.56
DELL: 1.38
Q1: 1.05
Min: 0.00

Astera Labs (ALAB) vs. Dell (DELL): A comparison of their P/S ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

P/B Ratio (MRQ)

Dell (DELL) reports a negative P/B ratio of -147.32, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Astera Labs (ALAB) reports 16.67, ranking against industry peers normally.

ALAB

Semiconductors & Semiconductor Equipment industry group

16.67

ALAB: 16.67
Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

DELL

Technology Hardware & Equipment industry group

-147.32

Max: 10.75
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33
DELL: -147.32

Astera Labs (ALAB) vs. Dell (DELL): A comparison of their P/B ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Valuation Metrics

Valuation metrics for Astera Labs (ALAB) and Dell (DELL)
Metric	ALAB	DELL
P/E Ratio (TTM)	75.38	19.10
P/S Ratio (TTM)	21.42	1.38
P/B Ratio (MRQ)	16.67	-147.32
Free Cash Flow Yield (TTM)	0.39%	2.89%