"Revenue hit $230.6 million, crushing the $206.4 million consensus estimate by 11.7%. That's a 104% year-over-year jump and 20% sequential growth from Q2. Earnings per share came in at $0.49, beating the $0.39 estimate by $0.10. The company has now beaten EPS expectations in four consecutive quarters, averaging a 33% surprise rate. Operating income swung to $55.4 million from a $8.9 million loss in the year-ago quarter."
"The Scorpio fabric switch portfolio, Astera's centerpiece for AI infrastructure connectivity, expanded to several new platform design wins during the quarter. This product line has become the fastest-ramping in company history, and it's easy to see why. Demand across signal conditioning, SCM (scale-out connectivity modules), and switch fabric portfolios all remained robust. CEO Jitendra Mohan noted that the company is seeing "continued PCIe 6 momentum alongside robust growth from our Taurus Ethernet SCMs" heading into Q4."
Astera Labs delivered Q3 revenue of $230.6 million, beating consensus by 11.7% and rising 104% year-over-year with 20% sequential growth. EPS was $0.49, ahead of estimates, marking the fourth consecutive quarter of EPS beats. Operating income swung to $55.4 million from a prior-year loss and net income rose to $91.1 million from a loss, while gross margin expanded to 76.2%. The Scorpio fabric switch portfolio drove platform design wins and became the firm's fastest-ramping product line. Management guided Q4 revenue to $245 million–$253 million, implying mid-single-digit to low-double-digit sequential growth, while the stock fell about 6.4% after-hours despite the beat.
Read at 24/7 Wall St.
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