04:15 PM EST, 11/04/2025 (MT Newswires) -- Astera Labs ( ALAB ) reported Q3 non-GAAP net income late Tuesday of $0.49 per diluted share, up from 0.23 a year earlier.

Analysts polled by FactSet expected $0.39.

Revenue for the quarter ended Sept. 30 was $230.6 million, up from $113.1 million a year earlier.

Analysts surveyed by FactSet expected $206.5 million.

For Q4, the company is projecting non-GAAP EPS of $0.51 on revenue of $245 million to $253 million. Analysts polled by FactSet expect $0.42 and $216.8 million, respectively.

Shares of the company were up 4.5% in after-hours activity.