J.P. Morgan conference presentation and analyst price target hikes sparked Astera Labs' 17.69% surge.
Astera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform is comprised of a portfolio of data, network, and memory connectivity products, which are built on a unifying software-defined architecture that enables customers to deploy and operate high performance cloud and AI infrastructure at scale. The company was incorporated in 2017 and is based in Santa Clara, California.
| Metric | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Revenue | $396.29M | $115.79M | $79.87M |
| Cost of Revenue | $93.59M | $35.97M | $21.19M |
| Gross Profit | $302.70M | $79.83M | $58.68M |
| Gross Margin | 76.38% | 68.94% | 73.47% |
| Operating Expenses | $418.76M | $109.32M | $118.88M |
| Operating Income | $-116.07M | $-29.50M | $-60.19M |
| Operating Margin | -29.29% | -25.47% | -75.36% |
| Net Income | $-83.42M | $-26.26M | $-58.34M |
| Net Margin | -21.05% | -22.68% | -73.05% |
| EPS (Basic) | $-0.64 | $-0.17 | $-0.45 |
| EBITDA | N/A | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A | N/A |
| Price To Sales Ratio | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A |
| Market Capitalization | N/A | N/A | N/A |