Overview

* Astera Labs ( ALAB ) Q3 revenue rises 104% yr/yr to $230.6 mln, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, driven by strong demand across product portfolios

* Company announces acquisition of aiXscale Photonics to enhance connectivity solutions

Outlook

* Astera Labs ( ALAB ) forecasts Q4 revenue between $245 mln and $253 mln

* Company expects Q4 GAAP gross margin of approximately 75%

Result Drivers

* AI PLATFORM RAMP-UP - Strong Q3 revenue growth driven by new AI platform ramps featuring multiple product families

* SCORPIO SWITCH WINS - Scorpio fabric switch design wins expand to several platforms at multiple hyperscaler customers

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $230.60 $206.55

Revenue mln mln (15

Analysts

)

Q3 Beat $0.49 $0.38

Adjusted (16

EPS Analysts

)

Q3 Beat $88.20 $69.99

Adjusted mln mln (14

Net Analysts

Income )

Q3 Net $91.10

Income mln

Q3 Gross 76.20%

Margin

Q3 Beat $96.10 $76.85

Adjusted mln mln (15

Operatin Analysts

g Income )

Q3 76.40%

Adjusted

Gross

Margin

Q3 $55.40

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the semiconductors peer group is "buy"

* Wall Street's median 12-month price target for Astera Labs Inc ( ALAB ) is $200.00, about 4.2% above its November 3 closing price of $191.56

* The stock recently traded at 95 times the next 12-month earnings vs. a P/E of 87 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)