Astera Labs Q3 profit beats estimates driven by strong demand across product portfolios

Astera Labs,

04/11/2025 21:34

Overview

Astera Labs Q3 revenue rises 104% yr/yr to $230.6 mln, beating analyst expectations

Adjusted EPS for Q3 beats consensus, driven by strong demand across product portfolios

Company announces acquisition of aiXscale Photonics to enhance connectivity solutions

Outlook

Astera Labs forecasts Q4 revenue between $245 mln and $253 mln

Company expects Q4 GAAP gross margin of approximately 75%

Result Drivers

AI PLATFORM RAMP-UP - Strong Q3 revenue growth driven by new AI platform ramps featuring multiple product families

SCORPIO SWITCH WINS - Scorpio fabric switch design wins expand to several platforms at multiple hyperscaler customers

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$230.60 mln
$206.55 mln (15 Analysts)
Q3 Adjusted EPS
Beat
$0.49
$0.38 (16 Analysts)
Q3 Adjusted Net Income
Beat
$88.20 mln
$69.99 mln (14 Analysts)
Q3 Net Income
$91.10 mln
Q3 Gross Margin
76.20%
Q3 Adjusted Operating Income
Beat
$96.10 mln
$76.85 mln (15 Analysts)
Q3 Adjusted Gross Margin
76.40%
Q3 Operating Income
$55.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Astera Labs Inc is $200.00, about 4.2% above its November 3 closing price of $191.56

The stock recently traded at 95 times the next 12-month earnings vs. a P/E of 87 three months ago

Press Release: ID:nGNX9Nqr3b

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)