Brief: Astera Labs Q2 Adjusted EPS USD 0.44 Vs. IBES Estimate USD 0.32

Astera Labs,

05/08/2025 21:05

Overview

Astera Labs fiscal Q2 revenue grows 150% QoQ, beating analyst expectations, per LSEG data

Adjusted EPS for fiscal Q2 beats consensus

Co ramps PCIe 6 portfolio production, wins new Scorpio Fabric Switch designs

Outlook

Astera Labs sees Q3 revenue between $203 mln and $210 mln

Company expects Q3 GAAP gross margin of approximately 75%

Astera Labs projects Q3 GAAP EPS of $0.23 to $0.24

Company anticipates Q3 non-GAAP EPS of $0.38 to $0.39

Result Drivers

PCIE 6 RAMP-UP - Co ramped PCIe 6 product portfolio into volume production for customized rack-scale AI systems, driving revenue growth

SCORPIO SWITCH WINS - Multiple new design wins for Scorpio Fabric Switches contributed to revenue increase

STRONG DEMAND - Strong demand for signal conditioning portfolio driven by PCIe scale-up and Ethernet scale-out applications

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$191.90 mln
$172.50 mln (14 Analysts)
Q2 Adjusted EPS
Beat
$0.44
$0.32 (15 Analysts)
Q2 Adjusted Net Income
Beat
$78 mln
$57.80 mln (13 Analysts)
Q2 Net Income
$51.20 mln
Q2 Gross Margin
75.8%
Q2 Adjusted Operating Income
Beat
$75.20 mln
$54.10 mln (14 Analysts)
Q2 Adjusted Gross Margin
76.0%
Q2 Operating Income
$39.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 2 "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 $107.93, about 27.8% below its August 4 closing price of $137.93

The stock recently traded at 88 times the next 12-month earnings vs. a P/E of 47 three months ago

Press Release: ID:nGNX9XWs8X

(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.)