Filing Flows › Comparisons › ALAB vs PENG
Astera Labs vs Penguin Solutions: ALAB and PENG compared
Astera Labs is the larger company: $585M of revenue in its latest quarter (Q3 2026) against $567M for Penguin Solutions (Q4 FY26). Astera Labs is growing faster (+154% against +68% a year earlier). Astera Labs is more profitable, with an operating margin of 30.6% against 12.3%.
Where the money goes: ALAB and PENG
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.
Penguin Solutions (PENG) · Q4 FY26
Penguin Solutions, Q4 FY26: revenue $567M (+68% year over year), operating margin 12.3%, net earnings $93.2M, operating cash flow −$163M. The chart follows the revenue to costs, profit and cash.
| Astera Labs (ALAB) | Penguin Solutions (PENG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q4 FY26 |
| Revenue | $585M | $567M |
| Revenue growth, Y/Y | +154% | +68% |
| Gross margin | 72.3% | 27.5% |
| Operating margin | 30.6% | 12.3% |
| Net earnings | $183M | $93.2M |
| Net margin | 31.3% | 16.4% |
| Operating cash flow | $179M | −$163M |
| Free cash flow | $134M | — |
| Market value | $35.1B | $2.7B |
| P/E | 76.0× | 16.1× |
| Analysts’ mean target | $343.17 | $85.62 |
Questions
Which is bigger, Astera Labs or Penguin Solutions?
Astera Labs is the larger company: $585M of revenue in its latest quarter (Q3 2026) against $567M for Penguin Solutions (Q4 FY26).
Is Astera Labs or Penguin Solutions growing faster?
Astera Labs is growing faster (+154% against +68% a year earlier).
Which is more profitable, Astera Labs or Penguin Solutions?
Astera Labs is more profitable, with an operating margin of 30.6% against 12.3%.
More: Astera Labs earnings · how Astera Labs makes money · Penguin Solutions earnings · how Penguin Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-K filed Oct 20, 2026). Fiscal quarters can end on different dates. Not investment advice.