Astera Labs Unveils Q3 Fiscal 2025 Financial Results
Astera Labs has announced a record-breaking revenue for the third quarter of fiscal year 2025, reporting $230.6 million. This marks a 20% increase compared to the previous quarter and an impressive 104% growth year-over-year.
Astera Labs Q3 Fiscal 2025 Financial Results
Chief Executive Officer Jitendra Mohan attributed this success to strong demand across various product lines, including signal conditioning, smart cable modules, and switch fabric solutions. Mohan expressed confidence in the company’s outlook, highlighting continued momentum in PCIe 6 deployments and growth potential for the Taurus Ethernet smart cable modules.
Financial Highlights
- Revenue: $230.6 million (up 20% QoQ, up 104% YoY)
- GAAP gross margin: 76.2%
- GAAP operating income: $55.4 million
- GAAP operating margin: 24.0%
- GAAP net income: $91.1 million
- GAAP diluted earnings per share: $0.50
Non-GAAP Financial Results
- Non-GAAP gross margin: 76.4%
- Non-GAAP operating income: $96.1 million
- Non-GAAP operating margin: 41.7%
- Non-GAAP net income: $88.2 million
- Non-GAAP diluted earnings per share: $0.49
Strategic Developments
During the quarter, Astera Labs entered a definitive agreement to acquire aiXscale Photonics GmbH. This acquisition is aimed at enhancing the company’s capabilities in advanced optical connectivity, which is essential for the growing demands of AI Infrastructure 2.0.
At the recent 2025 Open Compute Project Global Summit, Astera Labs showcased its extensive portfolio of connectivity solutions tailored for AI infrastructure. The demonstrations highlighted innovative silicon and software solutions built around open standards such as PCIe, Ethernet, and UALink.
Collaboration Efforts
- Collaborated with AMD, Arm, and other leading companies to boost AI infrastructure.
- Joined Arm Total Design for streamlined custom SoC development.
Financial Outlook for Q4 2025
Looking forward, Astera Labs projects a revenue range of $245 million to $253 million for the fourth quarter of fiscal 2025, with anticipated GAAP gross margins around 75%.
| Metric | Q4 Fiscal 2025 Outlook |
|---|---|
| Revenue | $245 million – $253 million |
| GAAP gross margin | ~75% |
| GAAP operating expenses | $129 million – $134 million |
| GAAP diluted EPS | ~$0.20 |
Astera Labs will host an earnings call to discuss Q3 results and future projections. Interested parties can join the call at 1:30 PM Pacific Time.
