Astera Labs (ALAB) beats Q2 estimates, guides Q3 revenue growth of 40%

1. 1Astera Labs (ALAB) Q2 revenue rises 104% year-over-year to $392.4 million, beating expectations; shares up 1.94% premarket
2. 2Non-GAAP EPS of $0.80; issues Q3 revenue guidance of $540 million to $560 million
3. 3Midpoint of guidance implies roughly 40% sequential growth; Scorpio switch expected to be the largest product family in Q3

Source Investor's Business Daily +1 · View original ↗

Today's 5 AI picks, all free

Nothing hidden: past picks and how they did against the S&P 500.

See today's picks →