Astera Labs Inc

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Astera Labs achieves record revenue and strong outlook for Q3

Astera Labs delivered exceptional financial performance in Q2 2024, with record revenue, strong operating margins, and significant growth across key product families.
The company's strategic initiatives, including global expansion, product innovation, and leadership additions, underscore its commitment to long-term success and market leadership.
While facing challenges in a competitive landscape and cost management, Astera Labs remains well-positioned to leverage opportunities in emerging technologies and market segments.
Overall, Astera Labs' Q2 earnings call highlights a trajectory of growth, innovation, and strategic focus that bodes well for its future prospects and investor confidence.

Astera Labs reports stellar Q3 results, eyes diversified revenue streams

Astera Labs demonstrated strong financial performance in Q3 with record revenue and improved operating margins, setting a positive trajectory for future growth.
The company's product strengths in Scorpio Smart Fabric Switch, Aries, and Taurus lines, coupled with software advantages, position Astera Labs well for market competitiveness.
While facing challenges in product production timing and market alignment, Astera Labs has opportunities to leverage ASIC platforms, CXL technology, and supply chain flexibility for sustained growth.

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Astera Labs, Inc. manufactures semiconductors. It offers smart retimers, riser cards, and GPU booster cards. The company products include: Aries PCIe CXLSmart DSP Retimers, Taurus Ethernet Smart Cable Modules and Leo CXL Memory Connectivity Controllers. Astera Labs is founded by Jitendra Mohan, Casey Morrison and Sanjay Gajendra in October 2017 and headquartered in Santa Clara, CA.

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For those looking for an alternative way to invest in Gen AI, Astera Labs trades at a much lower price to sales than Nvidia. The reason is the traction it is seeing for its connectivity products, which allows hyperscalers to derive the most performance out of the semiconductor giant's GPUs. However, there are risks mainly related to technological changes and competitors could become more aggressive.

Astera Labs: Emphasizing The Data Bottleneck Remover Role In Gen AI

SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs set to enter India to support rapid growth as a leader in purpose-built connectivity solutions for AI and cloud infrastructure.

Astera Labs Set to Strengthen Global Footprint with Expansion into India

SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs, Inc. (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced the appointment of Bethany Mayer to its Board of Directors. Mayer brings over 30 years of experience as a visionary leader and board member at networking, cybersecurity, and semiconductor companies. “Bethany brings a wide range of technology and leadership experiences at both global corporations and tech start-ups.

Astera Labs Appoints Bethany Mayer to Board of Directors

The latest trading day saw Astera Labs, Inc. (ALAB) settling at $64.57, representing a -0.86% change from its previous close.

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SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs announces industry's first demonstration of end-to-end PCIe over optics for GPU clusters.

Astera Labs First to Demonstrate End-to-End PCIe over Optics for GPU Clusters Across the Data Center

SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs extends Cloud-Scale Interop Lab testing to PCIe 6.x, announces new interop lab in Taiwan to facilitate close collaboration with ODMs.

CORRECTING and REPLACING Astera Labs Extends Interoperability Leadership Driving Seamless PCIe 6.x Deployment

Astera Labs Extends Interoperability Leadership Driving Seamless PCIe 6.x Deployment

SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs to Participate in J.P. Morgan 52nd Annual Global Technology, Media, and Communications Conference.

Astera Labs to Participate in J.P. Morgan 52nd Annual Global Technology, Media, and Communications Conference

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Astera Labs, Inc. (NASDAQ:ALAB ) Q1 2024 Results Conference Call May 7, 2024 4:30 PM ET Company Participants Leslie Green - IR Jitendra Mohan - Chief Executive Officer Sanjay Gajendra - President and COO Mike Tate - CFO Conference Call Participants Harlan Sur - JPMorgan Joe Moore - Morgan Stanley Tore Svanberg - Stifel Blayne Curtis - Jefferies Thomas O'Malley - Barclays Quinn Bolton - Needham Ross Seymore - Deutsche Bank Suji Desilva - ROTH MKM Richard Shannon - Craig-Hallum Operator Thank you for standing by. My name is Regina, and I will be your conference operator today.

Astera Labs, Inc. (ALAB) Q1 2024 Earnings Call Transcript

Shares in Astera Labs (ALAB) dropped nearly 7% in premarket trading Wednesday morning even though the maker of artificial intelligence (AI) chip connectivity products surpassed Wall Street's quarterly estimates and issued an upbeat outlook.

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Despite upbeat results for newly public semiconductor company Astera Labs Inc., its shares were sliding in Tuesday's after-hours action.

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Top-performing IPO stock Astera Labs easily beat expectations for the first quarter and guided above views for Q2.

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SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for cloud and AI infrastructure, today announced preliminary financial results for the first quarter of fiscal 2024, ended March 31, 2024. “Astera Labs started the year strong, achieving record revenue in the first quarter, driven by the accelerating deployment of AI infrastructure,” said Jitendra Mohan, Astera Labs' Chief Executive Officer. “As hyperscalers embark on.

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

Astera Labs (ALAB) first-quarter 2024 revenues are expected to reflect strong demand for AI-enabled servers and data center infrastructure.

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Needham analyst Quinn Bolton and Deutsche Bank analyst Ross Seymore initiate coverage of Astera Labs with a Buy rating.

News for Astera Labs Inc Stock (ALAB)