Astera Labs Reports Strong Financial Growth in FY 2024

Astera Labs, Inc. ( (ALAB) ) has released its Q4 earnings. Here is a breakdown of the information Astera Labs, Inc. presented to its investors.

Astera Labs, Inc., headquartered in Santa Clara, California, is a leading company in the semiconductor industry, specializing in connectivity solutions for cloud and AI infrastructure.

Astera Labs reported a strong financial performance for the fourth quarter and full fiscal year 2024. The company achieved a record quarterly revenue of $141.1 million, marking a 25% increase from the previous quarter and a 179% increase year-over-year. For the entire fiscal year 2024, Astera Labs recorded a revenue of $396.3 million, representing a significant 242% growth compared to the prior year.

Key financial metrics in the fourth quarter indicate a GAAP net income of $24.7 million and a non-GAAP net income of $66.5 million. The company showcased a robust non-GAAP operating margin of 34.3% and a GAAP gross margin of 74.0%. The strong performance was driven by the success of their Aries PCIe Retimer products and Taurus Smart Cable Modules for Ethernet, with expectations of further growth from all product families in fiscal 2025.

Astera Labs has also made strategic announcements, including the introduction of Scorpio Smart Fabric Switches for AI infrastructure and joining the Ultra Accelerator Link Consortium to advance high-speed connectivity technologies. These initiatives position the company well for future growth in AI and cloud-scale applications.

Looking ahead, Astera Labs anticipates continued revenue growth with an estimated revenue range of $151 million to $155 million for the first quarter of fiscal 2025. The management remains optimistic about leveraging their diverse product portfolio to meet the increasing demands of AI and cloud infrastructure markets.