04:44 PM EDT, 05/06/2025 (MT Newswires) -- Astera Labs ( ALAB ) reported Q1 non-GAAP net income late Tuesday of $0.33 per diluted share, up from $0.10 a year ago.

Analysts polled by FactSet expected $0.28.

Revenue for the quarter ended March 31 was $159.4 million, up from $65.3 million a year ago. Analysts expected $153.1 million.

For Q2, the company is projecting non-GAAP EPS of $0.32 to $0.33 on revenue of $170 million to $175 million. Analysts are looking for EPS of $0.30 on revenue of $160.2 million.

Shares were down about 3% in after-hours activity.