Astera Labs Reports Record Q3 Revenue and Projects Strong Q4 Growth Driven by Scorpio X-Series
Astera Labs (ALAB) reported record third-quarter revenue of $584.9 million, representing a 49% sequential increase and a significant 154% jump year-over-year. The company attributed this robust growth to the high-volume production ramp of its Scorpio X-Series connectivity solutions, which are increasingly utilized in scale-up networks. Looking ahead, management has provided optimistic guidance for the fourth quarter, projecting revenue between $730 million and $750 million. This upward trajectory underscores the growing demand for Astera Labs' hardware within the expanding AI infrastructure and high-performance networking markets.
Tickers: $ALAB
Topics: product performance quarterly earnings revenue growth