ALAB vs. TER: Astera Labs vs. Teradyne Stock Comparison

November 11, 2026

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

Teradyne (TER) carries decades of public-market history since February 21, 1973, while Astera Labs (ALAB) listed on March 20, 2024 — long-window comparisons have far more historical data on the TER side.

Company profile comparison for Astera Labs (ALAB) and Teradyne (TER)
Profile Item	ALAB	TER
Name	Astera Labs, Inc.	Teradyne, 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	Semiconductor Materials & Equipment
Market Capitalization	33.33 billion USD	34.07 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	March 20, 2024	February 21, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ALAB

TER

GSPC

Astera Labs (ALAB) vs. Teradyne (TER), 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 Teradyne (TER). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Astera Labs (ALAB) and Teradyne (TER)
Metric	ALAB	TER
Total Return (1Y)	31.42%	31.13%
Total Return (3Y, Annualized)	--	41.60%
Total Return (5Y, Annualized)	--	10.83%

Risk Profile

Drawdown History

ALAB

TER

GSPC

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

Risk Metrics

Risk profile metrics for Astera Labs (ALAB) and Teradyne (TER)
Metric	ALAB	TER
Volatility (1Y, Annualized)	101.55%	78.35%
Beta (5Y)	3.95	1.78
Max Drawdown (5Y)	-63.69%	-59.12%
Avg. Volume (3M)	4.15M	3.01M

Risk-Adjusted Performance

Risk-Return Positioning

ALAB and TER 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 Teradyne (TER)
Metric	ALAB	TER
Sharpe Ratio (1Y)	0.27	0.34
Sortino Ratio (1Y)	0.39	0.48

Profitability

ROE (TTM)

Both Astera Labs (ALAB) at 28.21% and Teradyne (TER) at 42.72% 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

28.21%

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

TER

Semiconductors & Semiconductor Equipment industry group

42.72%

Max: 52.82%
TER: 42.72%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

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

Net Margin (TTM)

Astera Labs (ALAB) at 29.64% retains a top-quartile share of revenue as profit, ahead of Teradyne (TER) at 27.46%, 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%

TER

Semiconductors & Semiconductor Equipment industry group

27.46%

Max: 63.80%
Q3: 28.36%
TER: 27.46%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Astera Labs (ALAB) vs. Teradyne (TER): 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 Teradyne (TER) at 30.87% 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%

TER

Semiconductors & Semiconductor Equipment industry group

30.87%

Max: 58.66%
TER: 30.87%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

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

Profitability Metrics

Profitability metrics for Astera Labs (ALAB) and Teradyne (TER)
Metric	ALAB	TER
ROE (TTM)	28.21%	42.72%
ROA (TTM)	13.41%	21.59%
Net Margin (TTM)	29.64%	27.46%
Operating Margin (TTM)	30.61%	30.87%
Gross Margin (TTM)	73.89%	59.32%

Growth

Revenue Growth

Astera Labs (ALAB) at 115.13% clears its industry range for revenue growth, far stronger top-line momentum than Teradyne (TER) at 13.13%, which is closer to a typical peer reading.

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

EPS Growth

Only one side can be read here: Teradyne (TER) reports EPS growth of 4.52%, ranked against its industry; Astera Labs (ALAB) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for Astera Labs (ALAB) and Teradyne (TER)
Metric	ALAB	TER
Revenue Growth (YoY)	115.13%	13.13%
Revenue Growth (3Y CAGR)	120.18%	0.37%
EPS Growth (YoY)	--	4.52%
EPS Growth (3Y CAGR)	--	-6.31%

Financial Strength

Current Ratio (MRQ)

Astera Labs (ALAB) at 8.03 carries current ratio above its industry’s typical mid-range, while Teradyne (TER) at 2.08 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

TER

Semiconductors & Semiconductor Equipment industry group

2.08

Max: 10.33
Q3: 5.62
Median: 3.33
Q1: 2.35
TER: 2.08
Min: 1.03

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

Debt / Equity (MRQ)

Both Astera Labs (ALAB) at 0.02 and Teradyne (TER) at 0.04 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

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

TER

Semiconductors & Semiconductor Equipment industry group

0.04

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

Astera Labs (ALAB) vs. Teradyne (TER): 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 Teradyne (TER)
Metric	ALAB	TER
Current Ratio (MRQ)	8.03	2.08
Debt / Equity (MRQ)	0.02	0.04
Net Debt / EBITDA	-3.23	-0.19

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 Teradyne (TER) reports a yield of 0.24%, 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%

TER

Semiconductors & Semiconductor Equipment industry group

0.24%

Max: 1.37%
Q3: 0.65%
TER: 0.24%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Astera Labs (ALAB) vs. Teradyne (TER): 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 Teradyne (TER) reports a payout of 5.86%, 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%

TER

Semiconductors & Semiconductor Equipment industry group

5.86%

Max: 49.64%
Q3: 21.71%
TER: 5.86%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Astera Labs (ALAB) and Teradyne (TER)
Metric	ALAB	TER
Dividend Yield (TTM)	0.00%	0.24%
Dividend Payout Ratio (TTM)	0.00%	5.86%

Valuation

P/E Ratio (TTM)

Teradyne (TER) at 25.08 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

TER

Semiconductors & Semiconductor Equipment industry group

25.08

Max: 110.34
Q3: 66.81
Median: 37.02
TER: 25.08
Q1: 23.96
Min: 8.12

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

P/S Ratio (TTM)

Teradyne (TER) at 6.81 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

TER

Semiconductors & Semiconductor Equipment industry group

6.81

Max: 21.42
Q3: 12.27
TER: 6.81
Median: 5.76
Q1: 2.73
Min: 0.00

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

P/B Ratio (MRQ)

Both look rich against book: Teradyne (TER) at 9.24 sits in the upper P/B ratio quartile, and Astera Labs (ALAB) at 16.67 prices even higher, above its industry 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

TER

Semiconductors & Semiconductor Equipment industry group

9.24

Max: 14.06
TER: 9.24
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

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

Valuation Metrics

Valuation metrics for Astera Labs (ALAB) and Teradyne (TER)
Metric	ALAB	TER
P/E Ratio (TTM)	75.38	25.08
P/S Ratio (TTM)	21.42	6.81
P/B Ratio (MRQ)	16.67	9.24
Free Cash Flow Yield (TTM)	0.39%	1.76%