Astera Labs Announces Financial Results for the Third Quarter of Fiscal Year 2024
Astera Labs, Inc. (ALAB)
Company Research
Source: Business Wire
Record quarterly revenue of $113.1 million, up 47% QoQ and up 206% YoYExpanding market opportunities with new Scorpio Fabric Switches, driving higher dollar content in AI platforms SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs, Inc. (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for cloud and AI infrastructure, today announced preliminary financial results for the third quarter of fiscal year 2024, ended September 30, 2024.“Astera Labs delivered strong Q3 results, setting our fifth consecutive quarterly revenue record and grew 47% versus the previous quarter,” said Jitendra Mohan, Astera Labs’ Chief Executive Officer. “Our business has now entered a new growth phase with multiple product families ramping across AI platforms based upon both third-party GPUs and internally developed AI accelerators. With expanding product portfolio including the new Scorpio Fabric Switches, we are cementing our position as a critical part of AI connectivity infrastr
Show less
Read more
Impact Snapshot
Event Time:
ALAB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ALAB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ALAB alerts
High impacting Astera Labs, Inc. news events
Weekly update
A roundup of the hottest topics
ALAB
News
- Why Astera Labs Stock Is Sinking This Week [Yahoo! Finance]Yahoo! Finance
- Astera Labs price target raised to $125 from $105 at Craig-Hallum [Yahoo! Finance]Yahoo! Finance
- Astera Labs, Inc. (ALAB): Tapping Nvidia's AI Boom for Future Growth [Yahoo! Finance]Yahoo! Finance
- Astera Labs (ALAB) Stock – 242% Revenue Surge! What's Driving the AI Growth? [Yahoo! Finance]Yahoo! Finance
- OIF Unites Interoperability and Innovation at OFC 2025: Driving Industry Progress in Performance, Efficiency and Capacity for Future-Oriented Data Centers [Yahoo! Finance]Yahoo! Finance
ALAB
Earnings
- 2/10/25 - Beat
ALAB
Sec Filings
- 2/14/25 - Form SCHEDULE
- 2/14/25 - Form 10-K
- 2/10/25 - Form 8-K
- ALAB's page on the SEC website