Earnings summaries and quarterly performance for Astera Labs.
Executive leadership at Astera Labs.
Board of directors at Astera Labs.
Research analysts who have asked questions during Astera Labs earnings calls.
BC
Blayne Curtis
Jefferies Financial Group
6 questions for ALAB
Also covers: ADI, AIP, ALGM +18 more
HS
Harlan Sur
JPMorgan Chase & Co.
6 questions for ALAB
Also covers: ADI, AMAT, AMD +15 more
QB
Quinn Bolton
Needham & Company, LLC
6 questions for ALAB
Also covers: ALGM, AMBA, AMBQ +22 more
Ross Seymore
Deutsche Bank
6 questions for ALAB
Also covers: ADI, AMBA, AMD +14 more
Tore Svanberg
Stifel Financial Corp.
6 questions for ALAB
Also covers: ADI, AMBA, AMBQ +14 more
JM
Joseph Moore
Morgan Stanley
4 questions for ALAB
Also covers: ADI, AEVA, ALGM +22 more
TO
Thomas O’Malley
Barclays Capital
4 questions for ALAB
Also covers: ALGM, AMD, AVGO +21 more
SN
Sebastien Naji
William Blair
3 questions for ALAB
Also covers: ANET, ARM, CSCO +1 more
SD
Sujeeva De Silva
Roth MKM
3 questions for ALAB
Also covers: ACMR, AEVA, AMBA +16 more
SD
Suji Desilva
ROTH MKM
3 questions for ALAB
Also covers: ACMR, AEVA, AKTS +18 more
AM
Atif Malik
Citigroup Inc.
2 questions for ALAB
Also covers: AAPL, AMAT, ANET +11 more
MH
Mehdi Hosseini
Susquehanna Financial Group
2 questions for ALAB
Also covers: AEIS, AMAT, ASML +19 more
RS
Richard Shannon
Craig-Hallum Capital Group LLC
2 questions for ALAB
Also covers: AEVA, AMBA, ATOM +21 more
SO
Sean O'Clegg
TD Cowen Inc.
2 questions for ALAB
Mark Lipacis
Evercore ISI
1 question for ALAB
Also covers: ALGM, ARM, GFS +5 more
Papa Talla Sylla
Citigroup
1 question for ALAB
Also covers: COHR
SP
Srinivas Pajjuri
Raymond James & Associates, Inc.
1 question for ALAB
Also covers: AMAT, ARM, INTC +10 more
Recent press releases and 8-K filings for ALAB.
Astera Labs Discusses AI Investment Cycle, Product Ramps, and Long-Term Strategy
ALAB
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
- Astera Labs believes it is in the early innings of a large AI investment cycle, experiencing no slowdown in customer orders for its connectivity solutions.
- The company is addressing the memory bottleneck in AI with CXL technology, including a partnership with Microsoft for SAP HANA database workloads, with a ramp expected in the latter half of next year (2026).
- Taurus is projected to be the biggest driver of growth in Q4 (2025), ramping 400 gig solutions and moving into 800 gig, with material ramps in the second half of next year (2026). The Aries retimer business is also seeing tremendous growth from XPU deployments, with a transition to Gen 6 retimers in 2026 expected to create another leg of growth.
- Astera Labs anticipates optics will be critical for scale-up architectures around 2028-2029, supported by its XA/AIX Scale acquisition. The company maintains a long-term gross margin model of 70% and aims for 40% operating margins.
Dec 11, 2025, 5:15 PM
Astera Labs Discusses AI Investment Cycle, Product Ramps, and Long-Term Financial Targets
ALAB
New Projects/Investments
Revenue Acceleration/Inflection
Guidance Update
- Astera Labs believes the AI investment cycle is in its early stages, driving demand for its connectivity solutions.
- The company projects Taurus to be a key growth driver in Q4 2025, with 800 gig solutions seeing material ramps in the second half of 2026.
- Growth for the Aries platform is expected from XPU deployments and the transition from Gen 5 to Gen 6 retimers in 2026.
- Astera Labs is engaged with over 10 customers for its Scorpio X family (PCIe scale-up), with initial volume in Q4 2025 and more meaningful ramps in the second half of 2026.
- Looking ahead, UALink switch samples are anticipated in the second half of 2026, with full qualification in 2027, and a significant inflection point for optics in scale-up architectures projected for 2028-2029, following pipe cleaning deployments in 2027.
Dec 11, 2025, 5:15 PM
Astera Labs Details Product Roadmap, AI Infrastructure 2.0 Strategy, and Xscale Acquisition
ALAB
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
- Astera Labs aims to solve data center networking, memory, and data bandwidth bottlenecks, providing solutions that offer proactive information to hyperscaler fleet managers.
- The company has a clear product roadmap, with the ARES PCI Express Gen 5 portfolio ramping in 2023, expansion into custom ASIC accelerators and Taurus Ethernet solutions in 2024, and the launch of the Scorpio Smart Fabric Switch family in 2025 for scale-out, with a significant opportunity for scale-up solutions in 2026.
- Astera Labs is focused on "AI Infrastructure 2.0," a transition to rack scale architectures that increases demand for high-performance connectivity and open standards like UALink and ESUN.
- The company's content opportunity per accelerator is growing significantly, from $50-$100 for early products to potentially $1,000 for Scorpio X Series in scale-up topologies, especially within the XPU/custom ASIC accelerator market.
- To address future market needs, Astera Labs acquired Xscale to develop solutions for co-packaged optics (CPO) and silicon photonics, targeting multi-rack scale-up applications where optical connectivity will be crucial.
Dec 9, 2025, 1:40 PM
Astera Labs Details Product Roadmap, Market Opportunities, and Strategic Acquisition
ALAB
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
- Astera Labs is expanding its product portfolio, with the Scorpio Smart Fabric Switch family introduced in 2025 for scale-out connectivity and the Scorpio X series expected to ramp significantly in 2026 for scale-up AI accelerator connectivity.
- The company anticipates a substantial increase in content opportunity per accelerator, projecting from $50-$100 for ARES/Taurus to multiple hundreds of dollars for Scorpio P Series, potentially approaching $1,000 for Scorpio X Series, especially within the XPU and custom ASIC accelerator market.
- Astera Labs is strategically aligning with customer-driven open standards, including UALink, which is considered the natural extension of PCI Express for AI, and is engaging with over 10 potential customers for its adoption.
- To address future connectivity needs, Astera Labs acquired AIXscale to develop solutions for co-packaged optics (CPO) and silicon photonics, particularly for multi-rack scale-up applications requiring longer data transmission distances.
Dec 9, 2025, 1:40 PM
Astera Labs Discusses Expanding Market Opportunity and Product Roadmap at RBC Conference
ALAB
Revenue Acceleration/Inflection
New Projects/Investments
Product Launch
- Astera Labs' served addressable market (SAM) has expanded from ~$7 billion at its IPO to $14 billion-$15 billion today, driven by the build-out of cloud and AI infrastructure and new product development.
- The Aries retimer business, which now accounts for approximately two-thirds of total revenue, is projected to grow ~70% this year and continue growing into next year, with PCIe Gen 6 solutions already comprising over 20% of Q3 business and offering an ~20% ASP lift per generation.
- The Scorpio product line, including the P series (head node connectivity) and X series (scale-up clustering), represents a combined incremental market opportunity of ~$5 billion-$5.5 billion. The P series is growing rapidly, and the X series is expected to enter volume production in the first half of next year with multiple customer engagements.
- Astera Labs expects its content per accelerator to significantly increase, potentially reaching ~$1,000 with a full suite of its products, including the high-value X Series, and even higher with future UA Link solutions. The company projects Scorpio revenue could potentially surpass retimer revenue by late next year or early 2027.
- The UA Link standard, ratified in March 2025, is a new purpose-built solution for AI scale-up networking, with products anticipated to be in customers' hands by the end of next year for 2027 deployments, representing a multi-billion dollar opportunity.
Nov 19, 2025, 3:00 PM
Astera Labs discusses market opportunity and product strategy at RBC Conference
ALAB
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
- Astera Labs' total addressable market (TAM) has expanded from $7 billion at its IPO to $14 billion-$15 billion today, driven by new products and market expansion.
- The company's retimer business (Aries) is projected to grow close to 70% this year and continue growing into next year, with PCIe Gen 6 solutions currently shipping and expected to drive higher average selling prices (ASPs).
- New product lines, including Scorpio P for head node connectivity (approximately $2.5 billion incremental opportunity) and Scorpio X for scale-up clustering (approximately $2.5 billion-$3 billion market opportunity), are expected to drive future growth.
- Astera Labs anticipates a significant increase in content per accelerator, potentially reaching $1,000 with a full suite of its products, including the upcoming UA Link.
- UA Link products are expected to be in customers' hands by the end of next year (2026) for system qualifications, with initial deployments anticipated in 2027.
Nov 19, 2025, 3:00 PM
Astera Labs Discusses Expanding Market Opportunity and Product Roadmap
ALAB
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
- Astera Labs' served addressable market (SAM) has expanded from $7 billion at its IPO to $14 billion-$15 billion today, driven by new product introductions and the growth of cloud and AI infrastructure.
- The Aries retimer business is projected to grow close to 70% this year and continue into next year, with PCIe Gen 6 solutions comprising over 20% of the business in Q3.
- The company anticipates Scorpio P Series (PCIe switch for scale-out) to continue its rapid growth into next year, and expects Scorpio X Series (PCIe switch for scale-up) to enter volume production in early H1 2026, significantly increasing content per accelerator to multiple hundreds of dollars.
- Astera Labs is developing UA Link products for scale-up networking, with products expected for customer qualifications by end of next year and deployments in 2027, representing a multi-billion dollar opportunity.
Nov 19, 2025, 3:00 PM
Astera Labs' Leo CXL Smart Memory Controllers Enable CXL Memory Expansion on Azure M-series VMs
ALAB
Product Launch
New Projects/Investments
- Astera Labs' Leo CXL Smart Memory Controllers are enabling customers to evaluate Compute Express Link (CXL) memory expansion capabilities for their specific workloads in the Azure M-series virtual machines (VMs) preview.
- This collaboration with Microsoft represents the industry's first announced deployment of CXL-attached memory.
- The CXL technology aims to overcome the "memory wall" bottleneck by allowing memory expansion beyond the limitations of CPU-attached DRAM, providing cloud providers with the flexibility to scale memory capacity and performance.
- The Leo CXL Smart Memory Controllers support CXL 2.0 with up to 2TB of memory capacity per controller, which can scale server memory capacity by more than 1.5x to address enterprise workloads such as in-memory databases and big data analytics, as well as AI inference applications.
Nov 18, 2025, 9:30 PM
Astera Labs Reports Strong Q3 2025 Results and Announces Xscale Photonics Acquisition
ALAB
Earnings
M&A
Product Launch
- Astera Labs reported strong Q3 2025 financial results, with revenue of $230.6 million, marking a 104% increase year-over-year, and achieved a record non-GAAP operating margin of 41.7%.
- The company issued Q4 2025 revenue guidance between $245 million and $253 million, projecting a 6%-10% sequential increase.
- In October 2025, Astera Labs entered an agreement to acquire Xscale Photonics to develop photonic scale-up solutions, with material revenue from optical products expected in the 2028-2029 timeframe.
- Key product lines, including Scorpio P Series, Aries PCIe 6 (contributing over 20% of Q3 revenues), and Taurus, drove growth, while the Scorpio X Series volume ramp is anticipated throughout 2026 and ULink solutions are expected to generate early revenues in 2027.
Nov 4, 2025, 9:30 PM
Astera Labs (ALAB) Reports Strong Q3 2025 Results and Provides Q4 2025 Guidance
ALAB
Earnings
Guidance Update
M&A
- Astera Labs (ALAB) reported strong Q3 2025 financial results, with revenue of $230.6 million, marking a 104% increase year-over-year, and achieved a record non-GAAP operating margin of 41.7%. Non-GAAP diluted earnings per share for the quarter was $0.49.
- For Q4 2025, the company expects revenue to be between $245 million and $253 million, with non-GAAP gross margins of approximately 75% and non-GAAP diluted earnings per share of approximately $0.51.
- Growth in Q3 was broad-based across product lines, with Scorpio P Series continuing its volume ramp, Aries PCIe 6 solutions contributing over 20% of Q3 revenues, and Taurus driving strong growth in 400 Gb scale-out connectivity.
- Astera Labs announced the acquisition of Xscape Photonics in October 2025 to develop photonic scale-up solutions, with material revenue from optical products anticipated in the 2028-2029 timeframe. The company also expects early revenues from UALink solutions in 2027.
Nov 4, 2025, 9:30 PM
Quarterly earnings call transcripts for Astera Labs.
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