ALAB Q3 2024

Q3 2025 Q1 2025 Q3 2024 Q2 2024

Earnings

Astera Labs delivered a standout third quarter, posting revenue of $113.09 million, a 206.2% year-over-year surge that cleared the $87.40 million consensus estimate by 29.39% and marked the company's fifth consecutive quarterly revenue record. Non-GA… Read more Astera Labs delivered a standout third quarter, posting revenue of $113.09 million, a 206.2% year-over-year surge that cleared the $87.40 million consensus estimate by 29.39% and marked the company's fifth consecutive quarterly revenue record. Non-GAAP diluted EPS of $0.23 beat the $0.16 consensus by 43.75%, with non-GAAP operating margin expanding sharply to 32.4% from 24.4% in the prior quarter. The driving force behind the beat was accelerating demand for Astera's semiconductor connectivity solutions across AI platforms, amplified by the introduction of the Scorpio Smart Fabric Switch family, purpose-built for cloud-scale AI infrastructure, which began shipping in pre-production quantities during the period. CEO Jitendra Mohan characterized the results as the start of a new growth phase, noting wins across platforms built on both third-party GPUs and internally developed AI accelerators, suggesting the company is broadening its customer base beyond a single architecture. Looking ahead, Astera guided Q4 revenue to $126 million to $130 million, with non-GAAP EPS of $0.25 to $0.26, pointing to continued sequential expansion as Scorpio ramps further into production.