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

Investor's Business Daily +1 ·

ALAB Astera Labs Inc
$361.56 +12.62%
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  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

This 3-line summary is compiled from the report below.

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