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

Astera Labs Q3 revenue rises 47% to record $113.1 million; GAAP loss $7.6 million

Positive Impact 3 of 5 earnings Written later

Astera Labs reported record third-quarter fiscal 2024 revenue of $113.1 million, up 47% from the prior quarter and up 206% from a year earlier, in an 8-K furnished November 4, 2024. The company posted a GAAP net loss of $7.6 million, or $0.05 per share, and non-GAAP diluted earnings of $0.23 per share, and it gave fourth-quarter revenue guidance of $126 million to $130 million.

Key points

  • Q3 revenue of $113.1 million, up from $76.9 million in Q2 2024 and $36.9 million in Q3 2023
  • GAAP operating loss narrowed to $8.9 million from $24.3 million in the prior quarter; GAAP net loss was $7.6 million
  • Non-GAAP diluted EPS of $0.23, compared with $0.13 in Q2 2024
  • Q4 2024 outlook: revenue of $126 million to $130 million and GAAP gross margin of approximately 75%

The filing

CompanyAstera Labs (ALAB)
Form8-K, current report
Filed with the SECNov 4, 2024, 4:06 PM ET
Accession number0001736297-24-000042

Items reported: 2.02 Results of Operations

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 November 04, 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.