Astera Labs, Inc. announced preliminary financial results for the first quarter of fiscal year 2025, reporting revenue of $159.4 million. This figure represents a 144% increase year-over-year and a 13% sequential increase, successfully exceeding the company's first-quarter guidance.
The company also surpassed its guidance for profitability, achieving a non-GAAP gross margin of 76.0% and non-GAAP diluted earnings per share of $0.23. CEO Jitendra Mohan noted strong demand for PCIe scale-up and Ethernet scale-out connectivity solutions in custom ASIC platforms, along with initial shipments for Scorpio P-Series and Aries 6 Retimers for merchant GPU-based platforms.
For the second quarter of fiscal year 2025, Astera Labs provided an optimistic financial outlook, projecting revenue in the range of $180 million to $190 million, indicating a sequential increase of 13% to 19%. The company expects a non-GAAP gross margin of 75% to 77% and non-GAAP diluted earnings per share between $0.28 and $0.30, reflecting confidence in accelerating R&D development and continued market leadership.
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