Astera Labs, Inc. SEC 10-Q Report

Astera Labs, Inc., a leading provider of semiconductor-based, high-speed, mixed-signal connectivity solutions, has released its latest Form 10-Q report, showcasing significant financial and operational achievements. The company's robust performance is driven by increased demand for its innovative products and strategic market expansions.

Financial Highlights

Total Revenue: $191.9 million, marking a 150% increase compared to the same period in 2024. This growth is primarily attributed to higher demand for Aries, Scorpio, and Taurus products.

Gross Profit: $145.6 million, representing a gross margin of 75.8%. This is a decrease of 210 basis points compared to the same period in 2024, due to changes in the product mix.

Operating Income: $39.8 million, a significant improvement from an operating loss of $24.3 million in the same period in 2024. This turnaround is driven by increased revenue and improved operational efficiency.

Net Income: $51.2 million, compared to a net loss of $7.5 million in the same period in 2024. This reflects strong revenue growth and effective cost management.

Net Income Per Share (Basic): $0.31, compared to a net loss per share of $0.05 in the same period in 2024, indicating improved profitability.

Net Income Per Share (Diluted): $0.29, compared to a net loss per share of $0.05 in the same period in 2024, reflecting the impact of potential share dilution.

Business Highlights

Revenue Segments: The company experienced a significant increase in demand for its Aries, Scorpio, and Taurus products, contributing to the overall revenue growth. The product mix included a higher proportion of hardware modules and Scorpio products, which influenced the average selling prices.

Geographical Performance: Revenue from Taiwan, China, and Singapore showed notable contributions, with China experiencing a substantial increase in revenue compared to the previous year. The United States and other regions also contributed to the revenue, albeit to a lesser extent.

Sales Units: The increase in overall unit shipments was a key driver of revenue growth, reflecting higher demand for the company's products.

New Product Launches: The company continued to innovate with its Intelligent Connectivity Platform, which includes semiconductor-based, high-speed, mixed-signal connectivity products integrated with COSMOS, the company's software suite.

Future Outlook: The company anticipates continued growth driven by its focus on addressing connectivity challenges in data-centric systems and the increasing demand for its products in cloud and AI infrastructure. The company is also evaluating the implications of the One Big Beautiful Bill Act, which could impact its tax strategy and financial planning.

SEC Filing: Astera Labs, Inc. [ ALAB ] - 10-Q - Aug. 05, 2025