ASTERA LABS INC Stock Price, News & Analysis

Astera Labs (ALAB) reported strong Q4 FY2024 results with record quarterly revenue of $141.1 million, up 25% QoQ and 179% YoY. Full-year revenue reached $396.3 million, marking a 242% increase from the previous year.

Q4 GAAP performance showed a gross margin of 74.0% and net income of $24.7 million ($0.14 per diluted share). Non-GAAP Q4 results included operating income of $48.4 million and net income of $66.5 million ($0.37 per diluted share).

For Q1 FY2025, the company projects revenue between $151-155 million with a GAAP gross margin of approximately 74%. Growth was primarily driven by Aries PCIe Retimer products and Taurus Smart Cable Modules, with expectations for 2025 to be a breakout year as all four product families contribute to revenue.

Astera Labs (Nasdaq: ALAB), a leading provider of semiconductor-based connectivity solutions for AI and cloud infrastructure, has scheduled its Q4 2024 financial results announcement for February 10, 2025, after market close. The company will host a conference call at 1:30 PM Pacific Time (4:30 PM Eastern Time) to discuss the results.

The call will feature key executives including CEO Jitendra Mohan, President and COO Sanjay Gajendra, and CFO Mike Tate. Investors can access the call via phone at (800) 715-9871 using Conference ID 5908687 or through the webcast available on the company's investor relations website.

Astera Labs (Nasdaq: ALAB), a leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, has announced its participation in four major financial conferences. The company will present at the UBS Global Technology and AI Conference (Dec. 4, Scottsdale), Barclays Global Technology Conference (Dec. 11, San Francisco), Raymond James TMT & Consumer Conference (Dec. 11, New York), and Needham Growth Conference (Jan. 15, New York). All presentations will be accessible via webcasts on Astera Labs' investor relations website.

Astera Labs (NASDAQ: ALAB) reported strong Q3 FY2024 financial results with record quarterly revenue of $113.1 million, up 47% QoQ and 206% YoY. The company achieved a GAAP gross margin of 77.7% but reported a GAAP operating loss of $8.9 million. Non-GAAP results showed operating income of $36.6 million and net income of $40.3 million. For Q4 FY2024, Astera Labs forecasts revenue between $126-130 million with non-GAAP diluted EPS of $0.25-0.26. The company introduced new Scorpio Smart Fabric Switches for AI infrastructure and joined the UALink Consortium as a promoting board member.

Astera Labs (Nasdaq: ALAB) has introduced the Scorpio Smart Fabric Switch portfolio, designed specifically for AI workloads in cloud-scale accelerated computing platforms. The portfolio includes:

1. Scorpio P-Series for GPU-to-CPU/NIC/SSD PCIe 6 connectivity
2. Scorpio X-Series for back-end GPU clustering

These switches aim to deliver maximum system utilization, uptime, and predictable performance while offering energy efficiency, high reliability, and easy cloud-scale deployment. The Scorpio portfolio integrates with Astera Labs' COSMOS software suite, providing enhanced security and fleet management capabilities. Currently shipping in pre-production quantities, Scorpio is ready to support AI platform deployments using industry-leading GPUs.

Astera Labs, Inc. (Nasdaq: ALAB), a leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, has announced it will release its Q3 2024 financial results after market close on Monday, November 4, 2024. The company will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day to discuss the results.

The call will be hosted by key executives including Jitendra Mohan (CEO), Sanjay Gajendra (President and COO), and Mike Tate (CFO). Interested parties can join the call via phone at (800) 715-9871 using the Conference ID: 5908687, or access the webcast through the company's investor relations website at https://ir.asteralabs.com.

Astera Labs (Nasdaq: ALAB), a leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, has opened a new R&D hub in Bengaluru, India. This expansion aims to establish a world-class engineering team and scale product development operations. Dr. Shivananda Koteshwar, a semiconductor industry veteran, has been appointed as Managing Director of Astera Labs' India operations.

The Bengaluru site will serve as an end-to-end design center for silicon technology and product development of connectivity solutions for AI system deployments at scale. Astera Labs plans to leverage the region's robust semiconductor workforce and partner with local businesses and universities to enhance its engineering capabilities.

Astera Labs (Nasdaq: ALAB), a leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, has announced its participation in the Deutsche Bank 2024 Technology Conference. The event is scheduled for August 29, 2024, with Astera Labs' presentation set for 12:30 pm PT.

Investors and interested parties can access a webcast of the session through Astera Labs' investor relations website at https://ir.asteralabs.com. This conference provides an opportunity for Astera Labs to showcase its innovations and discuss its role in the rapidly evolving AI and cloud infrastructure landscape.

Astera Labs (Nasdaq: ALAB) announced its Q2 FY2024 financial results, showcasing a record revenue of $76.9 million, an 18% increase QoQ and a 619% increase YoY.

The company reported a GAAP gross margin of 77.9% and an operating loss of $24.3 million. The net loss stood at $7.5 million, with a diluted net loss per share of $0.05. On a non-GAAP basis, the gross margin was 78.0%, with an operating income of $18.7 million and net income of $22.2 million, resulting in a diluted EPS of $0.13.

Key achievements included demonstrating the first end-to-end PCIe optical connectivity link and expanding PCIe 6.x testing capabilities. The company plans to open an R&D site in Bangalore later this year.

For Q3 FY2024, Astera Labs expects revenue between $95 million to $100 million and a GAAP gross margin of approximately 75%.