Astera Labs Stock Rises After AI Earnings Beat, But a Bigger Test Comes Next
Astera Labs posted first-quarter revenue of $308.4 million, up 93% year-over-year, and adjusted earnings of 61 cents a share, both above analyst estimates. Shares rose 1.27% after hours. The company forecast second-quarter revenue of $355 million to $365 million, also ahead of expectations. CEO Jitendra Mohan cited strong demand for PCIe 6 products and initial shipments of the Scorpio X-Series AI switch.