secwatch.observer — SEC 8-K summary
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Issuer:     Astera Labs, Inc. (ALAB)
CIK:        0001736297
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001736297-24-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1736297/000173629724000016/0001736297-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1736297/000173629724000016/alab-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001736297-24-000016

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