The company reported $308 million in quarterly revenue, up 93% year-over-year, with next-quarter guidance at $360 million.
Astera Labs posted $308 million in revenue for its most recent quarter, a 93% year-over-year increase, driven by demand for AI infrastructure and connectivity solutions. Earnings per share rose to $0.61 from $0.10 at the time of its March 2024 IPO.
The company guided for $360 million in revenue for the next quarter at the midpoint, citing growth in its Scorpio product line and new design wins with hyperscalers and AI platforms. Executives highlighted opportunities in AI inference, custom silicon, and optical interconnects as data centers expand.
Management expects Scorpio to become Astera’s largest product line by year-end, supported by emerging technologies like CXL memory offload and UALink.