🔹 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."
