Astera Labs, Inc. (ALAB) Reports Q2 EPS of $0.13, provides guidance

Astera Labs, Inc. (NASDAQ: ALAB) reported Q2 EPS of $0.13. Revenue for the quarter came in at $76.9 million, versus $0 reported last year.

GUIDANCE:

Astera Labs, Inc. sees Q3 2024 EPS of $0.16-$0.17, versus the consensus of $0.11.
Non-GAAP gross margin of approximately 75%
Non-GAAP operating expenses within a range of approximately $46 million to $47 million
Non-GAAP tax rate of approximately 20%

Astera Labs, Inc. sees Q3 2024 revenue of $95-100 million, versus the consensus of $79.443 million.
GAAP gross margin of approximately 75%
GAAP operating expenses of within a range of approximately $92 million to $93 million
GAAP tax rate of approximately (22%)
GAAP diluted loss per share within a range of approximately $0.06 to $0.08 on weighted-average diluted shares outstanding of approximately 155 million

For earnings history and earnings-related data on Astera Labs, Inc. (ALAB) click here.

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