ALAB Q1 2025

Q3 2025 Q1 2025 Q3 2024 Q2 2024

Earnings

Astera Labs opened 2025 with a standout quarter, posting Q1 revenue of $159.44 million, a 144.3% year-over-year surge that beat the consensus estimate of $151.55 million by 5.21%, while non-GAAP diluted EPS of $0.33 cleared the $0.28 Street estimate … Read more Astera Labs opened 2025 with a standout quarter, posting Q1 revenue of $159.44 million, a 144.3% year-over-year surge that beat the consensus estimate of $151.55 million by 5.21%, while non-GAAP diluted EPS of $0.33 cleared the $0.28 Street estimate by 16.28%. The primary engine behind the blowout results was surging demand for PCIe scale-up and Ethernet scale-out connectivity solutions in custom ASIC platforms, a signal that Astera's addressable market is broadening well beyond merchant GPU ecosystems into hyperscaler custom silicon deployments. Non-GAAP operating margin expanded sharply to 33.7%, up from 24.3% a year ago, reflecting meaningful operating leverage as volumes scale. Analysts have since lifted their 2025 EPS forecasts considerably in response to the results, underscoring growing conviction in the company's trajectory. Looking ahead, management guided Q2 revenue of $170 million to $175 million, with non-GAAP EPS of $0.32 to $0.33, as the PCIe Gen 6 product cycle, anchored by Scorpio P-Series and Aries 6 Retimer shipments, is expected to ramp meaningfully through the remainder of the year.