Astera Labs Announces Financial Results for the First Quarter of Fiscal Year 2024
Astera Labs, Inc. (ALAB)
Company Research
Source: Business Wire
Record quarterly revenue of $65.3 million driven by expanding AI infrastructure build-out, up 29% QoQ and up 269% YoYSampling third generation Aries Smart DSP Retimers for PCIe 6.x connectivity to leading AI platform providers to support next-generation cloud infrastructure SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for cloud and AI infrastructure, today announced preliminary financial results for the first quarter of fiscal 2024, ended March 31, 2024.“Astera Labs started the year strong, achieving record revenue in the first quarter, driven by the accelerating deployment of AI infrastructure,” said Jitendra Mohan, Astera Labs’ Chief Executive Officer. “As hyperscalers embark on a significant transformation of their data centers to support AI applications with increased capital investment, we're witnessing the emergence of a multi-year growth cycle. Our Intelligent Connectivity Platform, comprising
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- Astera Labs Extends Interoperability Leadership Driving Seamless PCIe 6.x Deployment [Yahoo! Finance]Yahoo! Finance
- Astera Labs Extends Interoperability Leadership Driving Seamless PCIe 6.x DeploymentBusiness Wire
- Astera Labs to Participate in J.P. Morgan 52nd Annual Global Technology, Media, and Communications ConferenceBusiness Wire
- Nvidia favorite in AI basket, gets Buy rating at Jefferies [Seeking Alpha]Seeking Alpha
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Earnings
- 5/7/24 - Beat
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Sec Filings
- 5/9/24 - Form S-8
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 8-K
- ALAB's page on the SEC website