04:20 PM EST, 02/10/2025 (MT Newswires) -- Astera Labs ( ALAB ) reported Q4 non-GAAP net income late Monday of $0.37 per diluted share, up from $0.12 a year ago.

Analysts polled by FactSet expected $0.26.

Revenue for the quarter ended Dec. 31 was $141.1 million, up from $50.5 million a year earlier. Analysts expected $127.9 million.

For Q1, the company is projecting non-GAAP EPS of $0.28 to $0.29 on revenue of $151 million to $155 million. Analysts are looking for $0.25 and $133.8 million, respectively.

Shares fell 8% in recent after-hours activity.