Astera Labs Q3 revenue $113.1M, up 206% YoY; guides Q4 rev $126-130M

Astera Labs, Inc.

2024-Q3 EPS reported -$0.89 revenue$255,194,000

Record quarterly revenue of $113.1M, up 47% QoQ and 206% YoY.
GAAP net loss $7.6M ($0.05 diluted loss); Non-GAAP net income $40.3M ($0.23 diluted EPS).
Q4 guidance: revenue $126-130M; Non-GAAP EPS $0.25-$0.26.
Introduced Scorpio Smart Fabric Switches for AI infrastructure, now shipping in pre-production.
Non-GAAP operating margin 32.4%; GAAP gross margin 77.7%.

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