Astera Labs achieved record Q3 FY2024 revenue of $113.1 million, representing 47% QoQ and 206% YoY growth, with a non-GAAP operating margin of 32.4%. The company reported GAAP gross margin of 77.7% and non-GAAP net income of $40.3 million.The company introduced its new Scorpio Smart Fabric Switches portfolio for AI infrastructure, featuring P-Series for PCIe Gen 6 connectivity and X-Series for GPU clustering. Astera Labs also joined the Ultra Accelerator Link Consortium's Board of Directors, positioning itself to advance UALink technology for high-speed AI accelerator connectivity.For Q4 FY2024, Astera Labs expects revenue between $126-130 million with non-GAAP gross margin of approximately 75%. The company projects non-GAAP diluted EPS of $0.25-0.26, reflecting continued growth momentum in AI connectivity solutions.

Astera Labs achieved record Q3 FY2024 revenue of $113.1 million, representing 47% QoQ and 206% YoY growth, with a non-GAAP operating margin of 32.4%. The company reported GAAP gross margin of 77.7% and non-GAAP net income of $40.3 million.The company introduced its new Scorpio Smart Fabric Switches portfolio for AI infrastructure, featuring P-Series for PCIe Gen 6 connectivity and X-Series for GPU clustering. Astera Labs also joined the Ultra Accelerator Link Consortium's Board of Directors, positioning itself to advance UALink technology for high-speed AI accelerator connectivity.For Q4 FY2024, Astera Labs expects revenue between $126-130 million with non-GAAP gross margin of approximately 75%. The company projects non-GAAP diluted EPS of $0.25-0.26, reflecting continued growth momentum in AI connectivity solutions.