$ALAB

🔹 Non-GAAP EPS: $0.37 (Est. $0.26) 🟢

🔹 Revenue: $141.1M (Est. $127.98M) 🟢; UP +179% YoY

Q1;25 Guidance:

🔹 Revenue: $151M-$155M (Est. $134.25M) 🟢

🔹 Non-GAAP Diluted EPS: $0.28-$0.29 (Est. $0.25) 🟢

🔹 GAAP Gross Margin: ~74%

Product and Business Highlights:

🔸 Scorpio Fabric Products: Introduced Scorpio Smart Fabric Switches for AI infrastructure with PCIe Gen 6 and advanced clustering capabilities.

🔸 Aries Product Expansion: Shipped Aries 6 Retimers (PCIe 6.x/CXL 3.x) and Aries Smart Cable Modules for extended reach in GPU clustering.

🔸 Technology Demonstration: Delivered industry’s first end-to-end PCIe optical connectivity and showcased PCIe 6.x interoperability with Micron SSDs.

🔸 UALink Leadership: Joined Ultra Accelerator Link Consortium to enhance scale-up AI connectivity.

Operational Highlights:

🔹 Quarterly Growth Drivers: Aries PCIe Retimer products and Taurus Smart Cable Modules were key contributors.

🔹 Design Milestones: Demonstrated sequential read speeds exceeding 26GB/s with Scorpio P-Series Fabric Switch and PCIe 6.x SSDs.

🔹 R&D Expansion: Continued innovation with multi-generational product roadmaps and technology partnerships.

Executive Commentary:

🔸 CEO Jitendra Mohan:

"Astera Labs achieved exceptional revenue growth in FY24, driven by our Aries Retimers and expanding product portfolio. FY25 is poised to be a breakout year as we scale revenue across all product families."

$ALAB Astera Labs reported earnings

Q3 2024 results ended September 30, 2024

- Revenue: $113.1M, +206% YoY, +47% QoQ

- GAAP Net Loss: $7.6M

- GAAP EPS: -$0.05

- Non-GAAP Net Income: $40.3M

- Non-GAAP EPS: $0.23

CEO Jitendra Mohan: "Astera Labs delivered strong Q3 results, setting our fifth consecutive quarterly revenue record and grew 47% versus the previous quarter. Our business has now entered a new growth phase with multiple product families ramping across AI platforms based upon both third-party GPUs and internally developed AI accelerators."

Financial Metrics:

- GAAP Gross Margin: 77.7%

- Non-GAAP Gross Margin: 77.8%

- GAAP Operating Loss: $8.9M

- Non-GAAP Operating Income: $36.6M

- Non-GAAP Operating Margin: 32.4%

Business highlights:

- Introduced new Scorpio Smart Fabric Switches for AI infrastructure

- Joined Ultra Accelerator Link (UALink) Consortium as promoting member

- Demonstrated first live end-to-end PCIe Gen 6 system

- Won FMS 2024 Most Innovative Technology Award

- Shipping Scorpio in pre-production quantities

Q4 2024 Outlook:

- Revenue: $126M-$130M

- GAAP Gross Margin: ~75%

- Non-GAAP Gross Margin: ~75%

- GAAP EPS: $0.04-$0.06

- Non-GAAP EPS: $0.25-$0.26

Finally after 5 months (only) we are no longer making a loss with $ALAB 😅

Still waiting for the other chip stocks in the portfolio that have yet to provide satisfaction