Astera Labs announced robust financial results for Q3 2024, with revenue surging 206% year-over-year to $113.1 million. The growth was primarily driven by a 197% increase in unit shipments, particularly for their Aries products. Gross margin improved to 77.7%, up 160 basis points from the same period last year, due to favorable product mix and lower average unit costs.Operating expenses rose significantly to $96.8 million, largely due to a $42.7 million increase in stock-based compensation and higher personnel costs from a 71% headcount increase. Despite the higher expenses, the company's strong revenue growth led to a narrower net loss of $7.6 million, compared to $3.1 million in Q3 2023.For the nine months ended September 30, 2024, Astera Labs reported revenue of $255.2 million, a 291% increase year-over-year. The company maintains a strong focus on research and development, with related expenses growing 168% to $144.3 million for the nine-month period. As Astera Labs continues to invest in product development and expand its operations, it expects to see continued growth while working towards profitability.

Astera Labs announced robust financial results for Q3 2024, with revenue surging 206% year-over-year to $113.1 million. The growth was primarily driven by a 197% increase in unit shipments, particularly for their Aries products. Gross margin improved to 77.7%, up 160 basis points from the same period last year, due to favorable product mix and lower average unit costs.Operating expenses rose significantly to $96.8 million, largely due to a $42.7 million increase in stock-based compensation and higher personnel costs from a 71% headcount increase. Despite the higher expenses, the company's strong revenue growth led to a narrower net loss of $7.6 million, compared to $3.1 million in Q3 2023.For the nine months ended September 30, 2024, Astera Labs reported revenue of $255.2 million, a 291% increase year-over-year. The company maintains a strong focus on research and development, with related expenses growing 168% to $144.3 million for the nine-month period. As Astera Labs continues to invest in product development and expand its operations, it expects to see continued growth while working towards profitability.