Current Assets
Work in process
Astera Labs, Inc. Work in process increased by 30.3% to $46.57M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 65.1%, from $28.20M to $46.57M. Over 2 years (FY 2023 to FY 2025), Work in process shows an upward trend with a 74.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ4 2015
Last reportedQ1 2026
Parent metricInventories
How to read this metric
An increase may indicate production bottlenecks or scaling efforts, while a decrease suggests efficient throughput or reduced manufacturing activity.
Detailed definition
Represents the value of goods that have entered the production process but are not yet finished. For a manufacturer like...
Peer comparison
Peers in medical device manufacturing typically maintain lean WIP levels to optimize cash conversion cycles.
Metric ID:
inv_work_in_progressHistorical Data
10 periods
| Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $11.78M | $12.51M | $10.92M | $10.58M | $26.70M | $28.20M | $24.10M | $16.93M | $35.75M | $46.57M |
| QoQ Change | — | +6.2% | -12.8% | -3.1% | +152.4% | +5.7% | -14.5% | -29.8% | +111.1% | +30.3% |
| YoY Change | — | — | — | — | +126.6% | +125.4% | +120.8% | +60.1% | +33.9% | +65.1% |
| % of Inventories | 48.9% | 42.3% | 38.2% | 43.3% | 61.8% | 55.2% | 41.1% | 32.8% | 60.6% | 77.4% |
| Share Change | — | -6.6pp | -4.1pp | +5.1pp | +18.5pp | -6.5pp | -14.1pp | -8.4pp | +27.8pp | +16.8pp |
Range$10.58M – $46.57M
CAGR+84.2%
Avg YoY Growth+88.7%
Median YoY Growth+93.0%
Current Streak2 quarters growth
Work in process at Other Companies
Frequently Asked Questions
- What is Astera Labs, Inc.'s work in process?
- Astera Labs, Inc. (ALAB) reported work in process of $46.57M in Q1 2026.
- How has Astera Labs, Inc.'s work in process changed year-over-year?
- Astera Labs, Inc.'s work in process increased by 65.1% year-over-year, from $28.20M to $46.57M.
- What is the long-term trend for Astera Labs, Inc.'s work in process?
- Over 2 years (2023 to 2025), Astera Labs, Inc.'s work in process has grown at a 74.2% compound annual growth rate (CAGR), from $11.78M to $35.75M.
- What does work in process mean?
- The value of goods currently in the middle of the manufacturing process.