Astera Labs Q1 revenue $65.3M (+269% YoY); GAAP net loss $93M, non-GAAP EPS $0.10

Astera Labs, Inc.

2024-Q1 EPS reported -$1.77 revenue$65,258,000

Record Q1 revenue $65.3M, up 29% QoQ and 269% YoY, driven by AI infrastructure build-out.
GAAP net loss $93.0M ($1.77 basic EPS); non-GAAP net income $14.3M ($0.10 pro forma diluted EPS).
Q2 revenue guidance 10-12% QoQ growth; non-GAAP EPS ~$0.11 on ~180M diluted shares.
Sampling third-generation Aries 6 PCIe/CXL retimers for PCIe 6.x and Smart Cable Modules for multi-rack GPU clustering.
IPO closed March 20, 2024; net proceeds $672.2M from 22.77M shares at $36/share.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Astera Labs, Inc. reported the first quarter of fiscal 2024, ended March 31, 2024 results: revenue $65.3 million, net income $93.0 million, EPS ($1.77). Guidance initiated.

Period: the first quarter of fiscal 2024, ended March 31, 2024
Revenue: $65.3 million
Net income: $93.0 million
EPS: ($1.77)
Guidance: initiated
Result: preliminary results

Exact text from the filing

--- IR CONTACT: Leslie Green leslie.green@asteralabs.com Astera Labs Announces Financial Results for the First Quarter of Fiscal Year 2024 • Record quarterly revenue of $65.3 million driven by expanding AI infrastructure build-out, up 29% QoQ and up 269% YoY • Sampling third generation Aries Smart DSP Retimers for PCIe 6.x connectivity to leading AI platform

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