Overview
- Astera Labs, which reported after Tuesday's close, said it beat first‑quarter estimates and boosted its near‑term outlook.
- Q1 revenue reached $308.4 million and adjusted EPS came in at $0.61, both above forecasts and lifted by PCIe Gen6 products now accounting for more than one‑third of sales.
- For Q2, the company guided revenue to $355 million to $365 million with adjusted EPS of $0.68 to $0.70, which implies mid‑teens sequential growth.
- The new Scorpio X 320‑lane fabric switch, a chip that links many AI servers inside a rack with low latency, has begun initial shipments to customers.
- Management expects gross margin to ease to about 73% in Q2 due to a one‑time non‑cash item tied to a customer agreement and noted localized supply constraints.