Astera Labs, Inc. announced preliminary financial results for the fourth quarter and full fiscal year 2024, reporting record Q4 revenue of $141.3 million. This represents a 179% increase year-over-year and a 25% sequential increase, contributing to a full-year 2024 revenue of $396.3 million, up 242% year-over-year.
A significant milestone for the company was achieving GAAP net income of $1.3 million in Q4 2024, marking its first quarter of GAAP profitability as a public company. Non-GAAP net income for the quarter reached $40.0 million, further underscoring the company's operational efficiency.
For the first quarter of fiscal year 2025, Astera Labs provided an optimistic outlook, projecting revenue between $155 million and $165 million, indicating 10% to 17% sequential growth. The company also forecast a non-GAAP gross margin of 75% to 77% and non-GAAP diluted earnings per share in the range of $0.20 to $0.22, anticipating a breakout year driven by all four product families.
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