Background: Alpha-1 antitrypsin deficiency (A1ATD) is a hereditary disorder affecting approximately 1 in 2,000 to 5,000 individuals of European ancestry. While severe deficiency (PiZZ genotype) is well-characterized, the clinical significance of relatively intermediate deficiency states (serum A1AT 40-80 mg/dL), predominantly comprising PiSZ, PiMZ, and PiSS genotypes, remains poorly defined. This study aimed to compare hepatic and pulmonary outcomes in patients with moderate versus mild intermediate A1ATD. Methods: Using the TriNetX US Collaborative Network (43 healthcare organizations), we identified 1,410 adult patients with A1ATD (ICD-10 code E88.01) and serum A1AT levels between 40-80 mg/dL. Patients were stratified into two cohorts- 40-60 mg/dL (n=324) and 60-80 mg/dL (n=324) after 1:1 propensity score matching for age, sex, race, BMI, diabetes, and baseline laboratory values. Exclusion criteria included A1AT level of less than 40 mg/dL, pre-existing cirrhosis, and other chronic liver diseases. Primary outcomes included emphysema, COPD exacerbation, cirrhosis, hepatic decompensation, and mortality. Results: Following propensity matching, baseline characteristics were well-balanced except for albumin (4.0±0.8 vs 4.2±0.6 g/dL, p=0.001) and INR (1.4±0.6 vs 1.2±0.4, p=0.001). Patients with A1AT 40-60 mg/dL demonstrated trends toward increased emphysema risk (10.8% vs 7.4%; OR 1.51, 95% CI 0.88-2.61, p=0.133; HR 1.63, 95% CI 0.97-2.74, log-rank p=0.063) and cirrhosis (10.5% vs 7.4%; OR 1.47, 95% CI 0.85-2.53, p=0.169; HR 1.58, 95% CI 0.94-2.66, log-rank p=0.085). No significant differences were observed for COPD exacerbation (14.2% vs 13.0%, p=0.646), hepatic decompensation (4.6% vs 3.7%, p=0.555), or mortality (OR 1.07, p=0.854). Conclusions: The observed trends toward worse outcomes with lower A1AT levels (40-60 mg/dL range, likely enriched for PiSZ genotype) warrant further investigation in larger cohorts with genotype confirmation. Limitations include a lack of genotyping data, reliance on ICD-10 coding, and potential type II error due to limited sample size. These preliminary findings highlight an important knowledge gap in understanding disease burden among the more prevalent intermediate A1ATD.