Astera Labs Reports Strong Financial Growth and Strategic Advancements
$ALAB
Astera Labs Inc. (Nasdaq: ALAB), a leader in semiconductor connectivity solutions for cloud and AI infrastructure, recently shared its financial results for the fourth quarter and full fiscal year of 2024. In Q4 of fiscal 2024, the company reported $141.1 million in revenue, reflecting a 25% increase from the previous quarter and a 179% rise year-over-year. This growth was driven by the strong performance of its Aries PCIe Retimer products and Taurus Smart Cable Modules for Ethernet.
The company’s GAAP gross margin for the quarter was 74.0%, with a GAAP net income of $24.7 million and diluted earnings per share of $0.14. For the full year, Astera Labs posted record revenue of $396.3 million, a 242% increase compared to the prior year. Non-GAAP operating income was $119.6 million, with a non-GAAP net income of $143.3 million.
In addition to its financial success, Astera Labs introduced its new Scorpio Smart Fabric Switches, designed specifically for AI infrastructure at cloud scale. The company also became a member of the Ultra Accelerator Link Consortium, which focuses on developing high-speed connectivity solutions for AI accelerators.
At DesignCon 2025, Astera Labs showcased its first end-to-end PCIe optical connectivity link, designed to support large GPU clusters. This innovation is expected to enhance the performance and reach of disaggregated AI systems.
Looking forward to Q1 of fiscal 2025, Astera Labs projects revenues between $151 million and $155 million, with a GAAP gross margin of around 74%. This positive outlook highlights the company’s continued growth and momentum in the semiconductor market.
Astera Labs’ strong financial results, along with its focus on product development and industry collaboration, position it as a leading player in the rapidly growing cloud and AI infrastructure markets.
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