ALAB vs. LRCX: Astera Labs vs. Lam Research Stock Comparison

November 11, 2026

How do Astera Labs (ALAB) and Lam Research (LRCX) 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 Lam Research (LRCX) both belong to the Semiconductors & Semiconductor Equipment industry, though ALAB is classified under Semiconductors while LRCX falls under Semiconductor Materials & Equipment.

Lam Research (LRCX) carries decades of public-market history since May 4, 1984, while Astera Labs (ALAB) listed on March 20, 2024 — long-window comparisons have far more historical data on the LRCX side.

Company profile comparison for Astera Labs (ALAB) and Lam Research (LRCX)
Profile Item	ALAB	LRCX
Name	Astera Labs, Inc.	Lam Research Corp.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors	Semiconductor Materials & Equipment
Market Capitalization	33.33 billion USD	250.84 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	March 20, 2024	May 4, 1984
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ALAB

LRCX

GSPC

Astera Labs (ALAB) vs. Lam Research (LRCX), 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 Lam Research (LRCX). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Astera Labs (ALAB) and Lam Research (LRCX)
Metric	ALAB	LRCX
Total Return (1Y)	31.42%	36.98%
Total Return (3Y, Annualized)	--	50.75%
Total Return (5Y, Annualized)	--	29.74%

Risk Profile

Drawdown History

ALAB

LRCX

GSPC

Astera Labs (ALAB) vs. Lam Research (LRCX), 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 Lam Research (LRCX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Astera Labs (ALAB) and Lam Research (LRCX)
Metric	ALAB	LRCX
Volatility (1Y, Annualized)	101.55%	68.85%
Beta (5Y)	3.95	2.02
Max Drawdown (5Y)	-63.69%	-57.22%
Avg. Volume (3M)	4.15M	9.82M

Risk-Adjusted Performance

Risk-Return Positioning

ALAB and LRCX are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Astera Labs (ALAB) and Lam Research (LRCX)
Metric	ALAB	LRCX
Sharpe Ratio (1Y)	0.27	0.47
Sortino Ratio (1Y)	0.39	0.69

Profitability

ROE (TTM)

Both companies show strong equity returns, but Lam Research (LRCX) at 70.12% is the standout with ROE above its industry range; Astera Labs (ALAB) at 28.21% also sits in the top quartile.

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%

LRCX

Semiconductors & Semiconductor Equipment industry group

70.12%

LRCX: 70.12%
Max: 52.82%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

Astera Labs (ALAB) vs. Lam Research (LRCX): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Astera Labs (ALAB) at 29.64% and Lam Research (LRCX) at 32.34% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

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%

LRCX

Semiconductors & Semiconductor Equipment industry group

32.34%

Max: 63.80%
LRCX: 32.34%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Astera Labs (ALAB) vs. Lam Research (LRCX): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Both Astera Labs (ALAB) at 30.61% and Lam Research (LRCX) at 39.95% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

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%

LRCX

Semiconductors & Semiconductor Equipment industry group

39.95%

Max: 58.66%
LRCX: 39.95%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Astera Labs (ALAB) vs. Lam Research (LRCX): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Astera Labs (ALAB) and Lam Research (LRCX)
Metric	ALAB	LRCX
ROE (TTM)	28.21%	70.12%
ROA (TTM)	13.41%	25.01%
Net Margin (TTM)	29.64%	32.34%
Operating Margin (TTM)	30.61%	39.95%
Gross Margin (TTM)	73.89%	51.05%

Growth

Revenue Growth

Both companies are growing quickly, but Astera Labs (ALAB) at 115.13% is the standout with revenue growth above its industry range; Lam Research (LRCX) at 26.02% also sits in the top quartile.

Astera Labs (ALAB) vs. Lam Research (LRCX): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Lam Research (LRCX) reports EPS growth of 38.80%, ranked against its industry; Astera Labs (ALAB) has no EPS growth figure this period.

Astera Labs (ALAB) vs. Lam Research (LRCX): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Astera Labs (ALAB) and Lam Research (LRCX)
Metric	ALAB	LRCX
Revenue Growth (YoY)	115.13%	26.02%
Revenue Growth (3Y CAGR)	120.18%	10.06%
EPS Growth (YoY)	--	38.80%
EPS Growth (3Y CAGR)	--	20.15%

Financial Strength

Current Ratio (MRQ)

Lam Research (LRCX) at 2.48 keeps current ratio within its industry’s typical mid-range, while Astera Labs (ALAB) at 8.03 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

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

LRCX

Semiconductors & Semiconductor Equipment industry group

2.48

Max: 10.33
Q3: 5.62
Median: 3.33
LRCX: 2.48
Q1: 2.35
Min: 1.03

Astera Labs (ALAB) vs. Lam Research (LRCX): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Astera Labs (ALAB) at 0.02 keeps leverage in the lower industry quartile, while Lam Research (LRCX) at 0.27 runs a more typical debt-to-equity mix.

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

LRCX

Semiconductors & Semiconductor Equipment industry group

0.27

Max: 1.46
Q3: 0.65
LRCX: 0.27
Median: 0.27
Q1: 0.04
Min: 0.00

Astera Labs (ALAB) vs. Lam Research (LRCX): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Astera Labs (ALAB) and Lam Research (LRCX)
Metric	ALAB	LRCX
Current Ratio (MRQ)	8.03	2.48
Debt / Equity (MRQ)	0.02	0.27
Net Debt / EBITDA	-3.23	-0.37

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 Lam Research (LRCX) reports a yield of 0.60%, 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%

LRCX

Semiconductors & Semiconductor Equipment industry group

0.60%

Max: 1.37%
Q3: 0.65%
LRCX: 0.60%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Astera Labs (ALAB) vs. Lam Research (LRCX): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

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 Lam Research (LRCX) reports a payout of 16.54%, 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%

LRCX

Semiconductors & Semiconductor Equipment industry group

16.54%

Max: 49.64%
Q3: 21.71%
LRCX: 16.54%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Astera Labs (ALAB) vs. Lam Research (LRCX): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Astera Labs (ALAB) and Lam Research (LRCX)
Metric	ALAB	LRCX
Dividend Yield (TTM)	0.00%	0.60%
Dividend Payout Ratio (TTM)	0.00%	16.54%

Valuation

P/E Ratio (TTM)

Lam Research (LRCX) at 29.87 is near its industry’s usual P/E ratio, while Astera Labs (ALAB) at 75.38 sits in the richer quartile — ALAB needs stronger growth or earnings quality to justify the premium.

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

LRCX

Semiconductors & Semiconductor Equipment industry group

29.87

Max: 110.34
Q3: 66.81
Median: 37.02
LRCX: 29.87
Q1: 23.96
Min: 8.12

Astera Labs (ALAB) vs. Lam Research (LRCX): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

Lam Research (LRCX) at 9.60 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

LRCX

Semiconductors & Semiconductor Equipment industry group

9.60

Max: 21.42
Q3: 12.27
LRCX: 9.60
Median: 5.76
Q1: 2.73
Min: 0.00

Astera Labs (ALAB) vs. Lam Research (LRCX): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

Measured against book value, both Astera Labs (ALAB) at 16.67 and Lam Research (LRCX) at 18.00 look expensive — each P/B ratio sits above its industry’s benchmark range.

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

LRCX

Semiconductors & Semiconductor Equipment industry group

18.00

LRCX: 18.00
Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

Astera Labs (ALAB) vs. Lam Research (LRCX): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Astera Labs (ALAB) and Lam Research (LRCX)
Metric	ALAB	LRCX
P/E Ratio (TTM)	75.38	29.87
P/S Ratio (TTM)	21.42	9.60
P/B Ratio (MRQ)	16.67	18.00
Free Cash Flow Yield (TTM)	0.39%	1.81%