Astera Labs Q2 revenue $76.9M (+619% YoY), Q3 guidance strong; lock-up expires Aug 8

Astera Labs, Inc.

2024-Q2 EPS reported -$0.97 revenue$142,108,000

Record Q2 revenue $76.9M (+18% QoQ, +619% YoY); GAAP net loss $7.5M ($0.05 loss per share).
Non-GAAP net income $22.2M, diluted EPS $0.13; stock-based compensation drove GAAP to non-GAAP gap.
Q3 guidance: revenue $95M-$100M (up ~25% QoQ); Non-GAAP diluted EPS $0.16-$0.17.
Lock-up restrictions from March IPO expire at market open on August 8, 2024, allowing insider sales.
CEO cites production ramp of new AI platforms; company plans new R&D site in Bangalore, India.

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