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Astera Labs vs Cirrus Logic: ALAB and CRUS compared
Astera Labs is the larger company: $585M of revenue in its latest quarter (Q3 2026) against $559M for Cirrus Logic (Q2 FY27). Astera Labs is growing faster (+154% against -0.3% a year earlier). Astera Labs is more profitable, with an operating margin of 30.6% against 23.7%.
Where the money goes: ALAB and CRUS
Astera Labs (ALAB) · Q3 2026
Astera Labs, Q3 2026: revenue $585M (+154% year over year), operating margin 30.6%, net earnings $183M, operating cash flow $179M. The chart follows the revenue to costs, profit and cash.
Cirrus Logic (CRUS) · Q2 FY27
Cirrus Logic, Q2 FY27: revenue $559M (-0.3% year over year), operating margin 23.7%, net earnings $115M, operating cash flow $50.9M. The chart follows the revenue to costs, profit and cash.
| Astera Labs (ALAB) | Cirrus Logic (CRUS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $585M | $559M |
| Revenue growth, Y/Y | +154% | -0.3% |
| Gross margin | 72.3% | 53.7% |
| Operating margin | 30.6% | 23.7% |
| Net earnings | $183M | $115M |
| Net margin | 31.3% | 20.5% |
| Operating cash flow | $179M | $50.9M |
| Free cash flow | $134M | $42.5M |
| Market value | $35.1B | $5.8B |
| P/E | 76.0× | 14.3× |
| Analysts’ mean target | $343.17 | $141.67 |
Where the revenue comes from
Cirrus Logic
- Audio Products: $315M (56%)
- HPMS Products: $245M (44%)
Questions
Which is bigger, Astera Labs or Cirrus Logic?
Astera Labs is the larger company: $585M of revenue in its latest quarter (Q3 2026) against $559M for Cirrus Logic (Q2 FY27).
Is Astera Labs or Cirrus Logic growing faster?
Astera Labs is growing faster (+154% against -0.3% a year earlier).
Which is more profitable, Astera Labs or Cirrus Logic?
Astera Labs is more profitable, with an operating margin of 30.6% against 23.7%.
More: Astera Labs earnings · how Astera Labs makes money · Cirrus Logic earnings · how Cirrus Logic makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.