Astera Labs, Inc. (ALAB) Reports Q3 EPS of $0.23; beats on guidance

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Go back to Astera Labs, Inc. (ALAB) Reports Q3 EPS of $0.23; beats on guidance

Astera Labs Announces Financial Results for the Third Quarter of Fiscal Year 2024

November 4, 2024 4:05 PM EST

Record quarterly revenue of $113.1 million, up 47% QoQ and up 206% YoY Expanding market opportunities with new Scorpio Fabric Switches, driving higher dollar content in AI platforms

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Astera Labs, Inc. (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for cloud and AI infrastructure, today announced preliminary financial results for the third quarter of fiscal year 2024, ended September 30, 2024.

Astera Labs delivered strong Q3 results, setting our fifth consecutive quarterly revenue record and grew 47% versus the previous quarter, said Jitendra... More