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AI brief of an SEC Form 8-K · Astera Labs (ALAB)

Astera Labs Q2 revenue rises 18% to $76.9 million; Q3 outlook $95M to $100M

Positive Impact 4 of 5 earnings Written later

Astera Labs reported second-quarter 2024 revenue of $76.9 million, up 18% from the first quarter and 619% from a year earlier. GAAP net loss narrowed to $7.5 million, or $0.05 per share, from $93.0 million in the first quarter, which included IPO-related stock-based compensation. The company expects third-quarter revenue of $95 million to $100 million, and IPO lock-up restrictions on officers, directors and major holders are expected to end at the open of trading on August 8, 2024.

Key points

  • Q2 revenue of $76.9 million, up 18% sequentially and 619% year over year
  • GAAP net loss of $7.5 million, or $0.05 per share, versus a $93.0 million net loss in Q1 2024
  • Non-GAAP net income of $22.2 million, or $0.13 per diluted share
  • Q3 2024 revenue outlook of $95 million to $100 million; lock-up restrictions expected to end August 8, 2024

The filing

CompanyAstera Labs (ALAB)
Form8-K, current report
Filed with the SECAug 6, 2024, 4:08 PM ET
Accession number0001736297-24-000016

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.