secwatch.observer — SEC 8-K summary
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Issuer:     Astera Labs, Inc. (ALAB)
CIK:        0001736297
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001736297-24-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1736297/000173629724000004/0001736297-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1736297/000173629724000004/alab-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001736297-24-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer