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Astera Labs, Inc. (ALAB)
NASDAQ:ALAB
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.26Last Year’s EPS
0.12Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 06, 2024
|% Change Since: 83.63%
|Next Earnings Date:May 07, 2024
Earnings Call Sentiment|Positive
Astera Labs demonstrated strong financial performance and growth, driven by record revenue and margin expansion. The introduction of new products like Scorpio Smart Fabric Switches significantly expands market opportunities. However, challenges such as potential margin pressure, long qualification cycles for new products, and uncertainties in the CXL market are noted.Company Guidance
During the Astera Labs Q3 2024 earnings call, the company delivered strong financial results, with a record quarterly revenue of $113 million, representing a 47% increase from the previous quarter and a 206% rise from the prior year. The company's non-GAAP operating margin expanded to over 32%, and they reported a non-GAAP EPS of $0.23. Looking ahead to Q4, Astera Labs expects revenues to continue growing, projected between $126 million and $130 million, driven by their Aries PCIe and Taurus Ethernet product lines, alongside the preproduction shipments of Scorpio Smart Fabric Switches. The company anticipates non-GAAP gross margins to be around 75%, with non-GAAP operating expenses between $54 million and $55 million. The non-GAAP fully diluted EPS for Q4 is expected to range from $0.25 to $0.26, supported by a growing product portfolio and expanding market opportunities, aiming to capture a $12 billion market by 2028.Record-Breaking Revenue Growth
Astera Labs reported record quarterly revenue of $113 million, marking a 47% increase from the previous quarter and a 206% increase from the previous year.
Strong Operating Leverage and Margin Expansion
The company achieved a non-GAAP operating margin of 32.4%, up from 24.4% in the previous quarter, demonstrating significant operating leverage.
Introduction of Scorpio Smart Fabric Switches
The Scorpio Smart Fabric Switch family was launched, expanding Astera Labs' market opportunity to over $12 billion by 2028 and offering significant functionality and value to AI and cloud infrastructure customers.
Diverse Product Line and Market Expansion
Astera Labs is ramping multiple product lines, including Aries, Taurus, LEO, and Scorpio, across AI platforms and general-purpose compute systems, diversifying its revenue streams.
Positive Financial Outlook for Q4
The company expects continued revenue growth in Q4, with revenue projections between $126 million and $130 million, and a non-GAAP EPS increase to $0.25-$0.26.
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ALAB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALAB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $69.65 | $95.91 | +37.70% |
| Aug 06, 2024 | $42.48 | $36.37 | -14.38% |
| May 07, 2024 | $76.19 | $69.26 | -9.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Astera Labs, Inc. (ALAB) report earnings?
Astera Labs, Inc. (ALAB) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is Astera Labs, Inc. (ALAB) earnings time?
Astera Labs, Inc. (ALAB) earnings time is at Feb 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALAB EPS forecast?
ALAB EPS forecast for the fiscal quarter 2024 (Q4) is 0.26.
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