ALAB vs. MU: Astera Labs vs. Micron Technology Stock Comparison

June 23, 2026

How do Astera Labs (ALAB) and Micron Technology (MU) 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 Micron Technology (MU) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

Micron Technology (MU) carries decades of public-market history since June 1, 1984, while Astera Labs (ALAB) listed on March 20, 2024 — long-window comparisons have far more historical data on the MU side.

Company profile comparison for Astera Labs (ALAB) and Micron Technology (MU)
Profile Item	ALAB	MU
Name	ASTERA LABS INC COMMON STOCK (Ticker: 1ALAB)	Micron Technology, Inc.
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	Semiconductors
Market Capitalization	75.36 billion USD	1,366.11 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	March 20, 2024	June 1, 1984
Security Type	Common Stock	Common Stock

Performance

Cumulative Growth

ALAB

Astera Labs (ALAB) vs. Micron Technology (MU): 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 Micron Technology (MU). Returns over one year are annualized.

Performance at a Glance

Performance metrics for Astera Labs (ALAB) and Micron Technology (MU)
Metric	ALAB	MU
Total Return (1Y)	372.37%	882.43%

Risk

Drawdown

ALAB

Astera Labs (ALAB) vs. Micron Technology (MU): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Risk metrics for Astera Labs (ALAB) and Micron Technology (MU)
Metric	ALAB	MU
Volatility (1Y, Annualized)	96.38%	71.57%
Beta (5Y)	3.72	2.12
Avg. Volume (3M)	5.98M	50.72M

Profitability

ROE (TTM)

Both Astera Labs (ALAB) at 21.11% and Micron Technology (MU) at 39.82% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

ALAB

Semiconductors & Semiconductor Equipment industry group

21.11%

Max: 39.82%
ALAB: 21.11%
Q3: 17.52%
Median: 6.57%
Q1: -4.94%
Min: -35.15%

MU

Semiconductors & Semiconductor Equipment industry group

39.82%

MU: 39.82%
Max: 39.82%
Q3: 17.52%
Median: 6.57%
Q1: -4.94%
Min: -35.15%

Astera Labs (ALAB) vs. Micron Technology (MU): 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 26.72% and Micron Technology (MU) at 41.49% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

ALAB

Semiconductors & Semiconductor Equipment industry group

26.72%

Max: 57.72%
ALAB: 26.72%
Q3: 20.98%
Median: 7.10%
Q1: -3.84%
Min: -32.92%

MU

Semiconductors & Semiconductor Equipment industry group

41.49%

Max: 57.72%
MU: 41.49%
Q3: 20.98%
Median: 7.10%
Q1: -3.84%
Min: -32.92%

Astera Labs (ALAB) vs. Micron Technology (MU): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Micron Technology (MU) at 67.62% turns sales into operating profit above its industry’s benchmark range, while Astera Labs (ALAB) at 20.05% operates around its industry’s norm.

ALAB

Semiconductors & Semiconductor Equipment industry group

20.05%

Max: 65.60%
Q3: 21.58%
ALAB: 20.05%
Median: 9.68%
Q1: -8.51%
Min: -46.64%

MU

Semiconductors & Semiconductor Equipment industry group

67.62%

MU: 67.62%
Max: 65.60%
Q3: 21.58%
Median: 9.68%
Q1: -8.51%
Min: -46.64%

Astera Labs (ALAB) vs. Micron Technology (MU): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability at a Glance

Profitability metrics for Astera Labs (ALAB) and Micron Technology (MU)
Metric	ALAB	MU
ROE (TTM)	21.11%	39.82%
ROA (TTM)	10.07%	20.15%
Net Margin (TTM)	26.72%	41.49%
Operating Margin (TTM)	20.05%	67.62%
Gross Margin (TTM)	75.99%	58.44%

Growth

Revenue Growth

Astera Labs (ALAB) vs. Micron Technology (MU): A comparison of their Revenue Growth across different time periods.

Revenue Growth at a Glance

Revenue growth metrics for Astera Labs (ALAB) and Micron Technology (MU)
Metric	ALAB	MU
Revenue Growth (YoY)	115.13%	48.85%
Revenue Growth (3Y CAGR)	120.18%	6.71%

EPS Growth

Astera Labs (ALAB) vs. Micron Technology (MU): A comparison of their EPS Growth across different time periods.

EPS Growth at a Glance

EPS growth metrics for Astera Labs (ALAB) and Micron Technology (MU)
Metric	ALAB	MU
EPS Growth (YoY)	--	984.29%
EPS Growth (3Y CAGR)	--	-0.69%

Financial Strength

Current Ratio (MRQ)

Micron Technology (MU) at 2.90 keeps current ratio within its industry’s typical mid-range, while Astera Labs (ALAB) at 11.30 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

11.30

ALAB: 11.30
Max: 11.30
Q3: 6.01
Median: 3.26
Q1: 2.37
Min: 0.51

MU

Semiconductors & Semiconductor Equipment industry group

2.90

Max: 11.30
Q3: 6.01
Median: 3.26
MU: 2.90
Q1: 2.37
Min: 0.51

Astera Labs (ALAB) vs. Micron Technology (MU): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Astera Labs (ALAB) at 0.03 keeps leverage in the lower industry quartile, while Micron Technology (MU) at 0.15 runs a more typical debt-to-equity mix.

ALAB

Semiconductors & Semiconductor Equipment industry group

0.03

Max: 1.53
Q3: 0.64
Median: 0.21
Q1: 0.04
ALAB: 0.03
Min: 0.00

MU

Semiconductors & Semiconductor Equipment industry group

0.15

Max: 1.53
Q3: 0.64
Median: 0.21
MU: 0.15
Q1: 0.04
Min: 0.00

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

Financial Strength at a Glance

Financial strength metrics for Astera Labs (ALAB) and Micron Technology (MU)
Metric	ALAB	MU
Current Ratio (MRQ)	11.30	2.90
Debt / Equity (MRQ)	0.03	0.15
Net Debt / EBITDA	-4.90	-0.10

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 Micron Technology (MU) reports a yield of 0.04%, ranking against industry peers normally.

ALAB

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 0.46%
Q3: 0.20%
ALAB: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MU

Semiconductors & Semiconductor Equipment industry group

0.04%

Max: 0.46%
Q3: 0.20%
MU: 0.04%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Astera Labs (ALAB) vs. Micron Technology (MU): 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 Micron Technology (MU) reports a payout of 2.17%, ranking against industry peers normally.

ALAB

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 41.26%
Q3: 19.10%
ALAB: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MU

Semiconductors & Semiconductor Equipment industry group

2.17%

Max: 41.26%
Q3: 19.10%
MU: 2.17%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Astera Labs (ALAB) vs. Micron Technology (MU): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividends at a Glance

Dividend metrics for Astera Labs (ALAB) and Micron Technology (MU)
Metric	ALAB	MU
Dividend Yield (TTM)	0.00%	0.04%
Dividend Payout Ratio (TTM)	0.00%	2.17%

Valuation

P/E Ratio (TTM)

Micron Technology (MU) at 57.14 is near its industry’s usual P/E ratio, while Astera Labs (ALAB) at 295.07 sits in the richer quartile — ALAB needs stronger growth or earnings quality to justify the premium.

ALAB

Semiconductors & Semiconductor Equipment industry group

295.07

ALAB: 295.07
Max: 295.07
Q3: 157.63
Median: 76.91
Q1: 52.36
Min: 6.01

MU

Semiconductors & Semiconductor Equipment industry group

57.14

Max: 295.07
Q3: 157.63
Median: 76.91
MU: 57.14
Q1: 52.36
Min: 6.01

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

P/S Ratio (TTM)

Micron Technology (MU) at 23.51 prices around its industry’s typical P/S ratio, while Astera Labs (ALAB) at 75.25 clears its benchmark range — ALAB looks notably rich on sales.

ALAB

Semiconductors & Semiconductor Equipment industry group

75.25

ALAB: 75.25
Max: 42.25
Q3: 23.59
Median: 11.00
Q1: 4.78
Min: 0.01

MU

Semiconductors & Semiconductor Equipment industry group

23.51

Max: 42.25
Q3: 23.59
MU: 23.51
Median: 11.00
Q1: 4.78
Min: 0.01

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

P/B Ratio (MRQ)

Both look rich against book: Micron Technology (MU) at 18.86 sits in the upper P/B ratio quartile, and Astera Labs (ALAB) at 50.41 prices even higher, above its industry range.

ALAB

Semiconductors & Semiconductor Equipment industry group

50.41

ALAB: 50.41
Max: 28.71
Q3: 15.73
Median: 8.57
Q1: 4.30
Min: 0.21

MU

Semiconductors & Semiconductor Equipment industry group

18.86

Max: 28.71
MU: 18.86
Q3: 15.73
Median: 8.57
Q1: 4.30
Min: 0.21

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

Valuation at a Glance

Valuation metrics for Astera Labs (ALAB) and Micron Technology (MU)
Metric	ALAB	MU
P/E Ratio (TTM)	295.07	57.14
P/S Ratio (TTM)	75.25	23.51
P/B Ratio (MRQ)	50.41	18.86
Free Cash Flow Yield (TTM)	0.32%	0.21%