Astera Labs (ALAB) vs Microchip Technology (MCHP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Astera Labs (ALAB) has outperformed Microchip Technology (MCHP) over the past year, gaining 58.2% versus a gain of 12.9%. Astera Labs is the larger company by market cap ($60.21 billion vs $41.01 billion), about 1.5 times the size. On valuation, Microchip Technology trades at a lower forward P/E (16.5x vs 54.3x for Astera Labs).
Microchip Technology pays a dividend yielding 2.41%, while Astera Labs does not currently pay one. Astera Labs converts more of its revenue into profit, with a net margin of 25.7% versus 4.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ALAB | MCHP |
|---|---|---|
| Share price | $347.05 | $75.52 |
| Market cap | $60.21B | $41.01B |
| 1-day change | -9.21% | -3.20% |
| YTD return | +108.61% | +18.52% |
| 1-year return | +58.21% | +12.85% |
| 5-year return | — | +3.76% |
| P/E ratio (TTM) | 170.96 | 111.06 |
| Forward P/E | 54.28 | 16.48 |
| EPS (TTM) | $2.03 | $0.68 |
| Dividend yield | 0.00% | 2.41% |
| Annual dividend | $0.00 | $1.82 |
| Revenue (latest FY) | $852.52M | $4.71B |
| Revenue growth (YoY) | +115.13% | +7.08% |
| Net income (latest FY) | $219.13M | $230.00M |
| Gross margin | 75.69% | 57.73% |
| Operating margin | 20.34% | 10.40% |
| Net margin | 25.70% | 4.88% |
| 52-week high | $499.48 | $105.91 |
| 52-week low | $97.89 | $48.52 |
| Distance from 52-week high | -30.52% | -28.69% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +12.36% | +42.80% |
| Average volume | 4.21M | 9.28M |
| Shares outstanding | 173.49M | 543.01M |
| Employees | 756 | 17,900 |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- ALAB has outperformed MCHP by 45.4 percentage points over the past year.
- Astera Labs trades at a higher earnings multiple (171.0x vs 111.1x trailing P/E).
- Microchip Technology offers a meaningfully higher dividend yield (2.41% vs 0.00%).
- Astera Labs is more profitable, keeping 25.7 cents of every revenue dollar as net income versus 4.9 cents for Microchip Technology.
- Astera Labs grew revenue faster in its latest fiscal year (+115.13% vs +7.08%).
About Astera Labs
ALAB stock →Astera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure in Taiwan and the United States.
Technology · Semiconductors · 756 employees
About Microchip Technology
MCHP stock →Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. It operates in two segments, Semiconductor Products and Technology Licensing.
Technology · Semiconductors · 17,900 employees
ALAB vs MCHP FAQ
Which is bigger, Astera Labs or Microchip Technology?
Astera Labs (ALAB) is larger, with a market capitalization of $60.21B compared with $41.01B for Microchip Technology (MCHP).
Which stock has performed better over the past year, ALAB or MCHP?
ALAB returned +58.21% over the past 12 months, compared with +12.85% for MCHP (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ALAB or MCHP?
MCHP has the lower trailing P/E at 111.1, versus 171.0 for ALAB. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Astera Labs or Microchip Technology?
Microchip Technology pays a dividend yielding 2.41%, while Astera Labs does not currently pay a regular dividend.
Are Astera Labs and Microchip Technology in the same industry?
Yes. Both are classified in the Semiconductors industry within the Technology sector.