分析师指出，Astera Labs已做好充分准备，将从AI基础设施的长期发展趋势中受益。公司的目标是凭借 销量增长和产品价值提升，实现超越行业平均的增速。 分析师还提到，Astera Labs的管理层认为投资者低估了其规模扩张的机遇。管理层评论称，与90天前相 比，公司前景只会变得更好，并对所面临的大量市场机会感到非常振奋。 Malik及其团队表示："在AI基础设施部署的早期阶段，规模扩展拓扑或网络架构便已确定，这为Astera Labs的新产品(例如铜缆或光学方面解决方案)提供了机遇。因此，公司一直在不断赢得更多设计订单， Scorpio产品线增长势头强劲，并正积极向光学领域扩展。" 分析师补充道，Astera LabsUALink项目合作依然活跃，公司管理层认为这将为其PCIe客户群带来增 量。 花旗同样维持对Astera Labs的"买入"评级和275美元目标价，并强调公司此次交出了"业绩超预期且指引 上调"的亮眼答卷。 由Atif Malik领导的分析师团队表示："管理层总体预计，Scorpio X系列将在2026年成为最大的收入贡献 来源，驱动力包括单加速器价值提升、UALink在2027年开始贡献 ...

Core Insights - Astera Labs (ALAB) reported third-quarter 2025 non-GAAP earnings of 49 cents per share, exceeding the Zacks Consensus Estimate by 25.64% and doubling from 23 cents per share in the same quarter last year [1][8] - Net revenues increased by 103.9% year over year to $230.58 million, surpassing the Zacks Consensus Estimate by 11.53%, driven by new AI platform ramps and multiple product families [1][8] - ALAB shares fell by 4.14% in pre-market trading following the earnings report [1] Revenue and Product Details - Astera Labs is increasing production of its PCIe 6 product portfolio for customized rack-scale AI systems, with Scorpio P-Series fabric switches achieving multiple design wins across various AI platforms, including those using NVIDIA's GB300 and B300 GPUs [2] - Strong demand was noted for the signal conditioning portfolio, driven by PCIe scale-up and Ethernet scale-out connectivity applications in custom ASIC platforms [3] Operating Performance - The non-GAAP gross margin was reported at 76.4%, a decrease of 140 basis points year over year [4] - Research and development expenses rose by 55.8% year over year to $78.9 million, while sales and marketing expenses decreased by 16.7% to $19.4 million, and general and administrative expenses decreased by 3.3% to $22.1 million [4] - The non-GAAP operating margin improved to 41.7% compared to 32.4% in the previous year [4] Balance Sheet Overview - As of September 30, 2025, cash and cash equivalents along with marketable securities totaled $1.13 billion, up from $1.07 billion as of June 30, 2025 [5] Q4 Guidance - For the fourth quarter of 2025, Astera Labs expects revenues to be between $245 million and $253 million, with a non-GAAP gross margin of approximately 75% and operating expenses projected between $85 million and $90 million [6] - Earnings are anticipated to be around 51 cents per share for the fourth quarter [6] Market Position - Astera Labs currently holds a Zacks Rank 2 (Buy) [7]

Group 1 - Futures for the Dow Jones Industrial Average and other major stock indexes dipped in premarket action as Wall Street awaited key jobs data [1] - Advanced Micro Devices (AMD) reported third-quarter earnings that beat expectations, but the stock dropped due to market reactions [4] - Astera Labs also topped earnings targets, yet its stock declined due to concerns over profit margins [4] Group 2 - The stock market ended near highs, with Amazon boosting certain sectors as Palantir's earnings were anticipated [4] - Palantir and Robinhood are set to report earnings soon, with AMD also in focus for its Q3 results [4] - The ongoing AI momentum is expected to influence growth trajectories for companies like Palantir and AMD [4]

Core Insights - Astera Labs Inc reported strong financial results for Q3 fiscal 2025, with revenue of $230.58 million, surpassing analyst expectations of $206.55 million [1] - The company achieved adjusted earnings of 49 cents per share, exceeding estimates of 39 cents per share [1] Financial Performance - Q3 revenue: $230.58 million, beating estimates by approximately 11.6% [1] - Q3 adjusted earnings: 49 cents per share, exceeding estimates by 25.6% [1] - Q4 revenue guidance: expected between $245 million and $253 million [2] - Q4 adjusted earnings guidance: anticipated between 50 cents and 51 cents per share, above estimates of 42 cents per share [2] Market Reaction - Following the earnings announcement, Astera Labs shares fell by 6.4%, closing at $179.31 [2] Analyst Ratings - Needham analyst N. Quinn Bolton maintained a Buy rating and raised the price target from $205 to $220 [5] - Stifel analyst Tore Svanberg also maintained a Buy rating and increased the price target from $185 to $200 [5]

盘前市场动向 1.11月5日(周三)美股盘前，美股三大股指期货涨跌不一。截至发稿，道指期货涨0.04%，标普500指数期货跌0.14%，纳指期货 跌0.24%。 | = US 30 | 47,105.90 | 47,230.80 | 46,957.00 | +20.30 | +0.04% | | --- | --- | --- | --- | --- | --- | | = US 500 | 6,762.00 | 6,778.40 | 6,721.00 | -9.70 | -0.14% | | 트 US Tech 100 | 25,375.40 | 25,449.60 | 25,160.40 | -60.30 | -0.24% | 2.截至发稿，德国DAX指数跌0.37%，英国富时100指数涨0.04%，法国CAC40指数跌0.05%，欧洲斯托克50指数跌0.41%。 | 德国DAX30 | 23,857.80 | 23,878.30 | 23,731.74 | -87.84 | -0.37% | | --- | --- | --- | --- | --- | --- | | 瑞 英国富时100 | 9.71 ...

盘前市场动向 1. 11月5日(周三)美股盘前，美股三大股指期货涨跌不一。截至发稿，道指期货涨0.04%，标普500指数期货跌0.14%，纳指期货 跌0.24%。 | = US 30 | 47,105.90 | 47,230.80 | 46,957.00 | +20.30 | +0.04% | | --- | --- | --- | --- | --- | --- | | = US 500 | 6,762.00 | 6.778.40 | 6.721.00 | -9.70 | -0.14% | | 트 US Tech 100 | 25,375.40 | 25,449.60 | 25,160.40 | -60.30 | -0.24% | 2. 截至发稿，德国DAX指数跌0.37%，英国富时100指数涨0.04%，法国CAC40指数跌0.05%，欧洲斯托克50指数跌0.41%。 | 德国DAX30 | 23,857.80 | 23,878.30 | 23,731.74 | -87.84 | -0.37% | | --- | --- | --- | --- | --- | --- | | 瑞 英国富时100 | 9. ...

Supermicro Stock Retreats On September-Quarter Miss 11/04/2025Super Micro Computer missed Wall Street's targets for its fiscal Q1 and gave mixed guidance for the current period. SMCI... 11/04/2025Super Micro Computer missed Wall Street's targets for its fiscal... BREAKING: Futures Mixed Amid Big Earnings Movers Dow Jones futures edged higher early Wednesday, while S&P 500 futures and Nasdaq futures fell slightly. Advanced Micro Devices (AMD), Astera Labs (ALAB), Arista Networks (ANET), Lumentum (LITE) and S ...

Core Insights - Astera Labs reported a record revenue of $230.6 million for Q3 2025, marking a 20% quarter-over-quarter increase and a 104% year-over-year surge, exceeding analyst expectations of $206.5 million [1] - The company achieved a GAAP net profit of $91.1 million and a non-GAAP net profit of $88.2 million, a significant turnaround from a net loss of $7.6 million in the same period last year [1] - GAAP diluted earnings per share (EPS) reached $0.50, while non-GAAP diluted EPS was $0.49, compared to a loss of $0.05 per share in the previous year [1] Revenue Drivers - The substantial year-over-year revenue growth was primarily driven by increased production across multiple product lines in AI platforms [1] - Strong demand for signal conditioning, smart cable modules, and switch fabric product lines contributed to the revenue increase, particularly with the large-scale production of new AI platforms [1] Profitability Metrics - The GAAP gross margin was reported at 76.2%, while the non-GAAP gross margin was 76.4% [1] - GAAP operating income stood at $55.4 million, with a corresponding operating margin of 24.0%, while non-GAAP operating income was $96.1 million, reflecting an operating margin of 41.7% [1] Recent Developments - The company completed the acquisition of aiXscale Photonics GmbH to enhance its capabilities in photonic scalable solutions [2] - Astera Labs showcased a full suite of connectivity solutions based on open standards at the 2025 OCP Global Summit, emphasizing its vision for AI rack-level innovations [2] - Collaborations with over 30 industry partners, including AMD and Arm, were established to promote innovations within an open ecosystem [2] Future Outlook - For Q4, the company anticipates revenue between $245 million and $253 million, with non-GAAP diluted EPS expected to be around $0.51, surpassing market expectations of $0.42 [2] - GAAP EPS is projected at $0.20, slightly below the expected $0.25 [2] - Continued strong demand for PCIe 6 and significant growth anticipated for Taurus Ethernet smart cable modules [2]

Core Insights - Astera Labs reported preliminary financial results for Q3 2025, achieving record revenue of $230.6 million, a 20% increase quarter-over-quarter and a 104% increase year-over-year, surpassing analyst expectations of $206.5 million [1] - The company achieved a GAAP net profit of $91.1 million and a non-GAAP net profit of $88.2 million, compared to a net loss of $7.593 million in the same period last year, marking a significant turnaround [1] - The revenue growth was primarily driven by increased production across multiple product lines in AI platforms, with strong demand for signal conditioning, smart cable modules, and switch fabric products [1] Financial Performance - GAAP gross margin was 76.2%, while non-GAAP gross margin was 76.4% [1] - GAAP operating income was $55.4 million, with a corresponding operating margin of 24.0%, and non-GAAP operating income was $96.1 million, with an operating margin of 41.7% [1] Recent Developments - The company completed the acquisition of aiXscale Photonics GmbH to enhance its photonic scalable solution development capabilities [2] - Astera Labs showcased a full suite of connectivity solutions based on open standards at the 2025 OCP Global Summit, emphasizing its vision for AI rack-level solutions [2] - The company has formed partnerships with over 30 industry players, including AMD and Arm, to promote innovation within an open ecosystem [2] Future Outlook - For Q4, the company expects revenue to reach between $245 million and $253 million, with non-GAAP diluted earnings per share projected at approximately $0.51, exceeding market expectations of $0.42 [2] - GAAP earnings per share are anticipated to be $0.20, slightly below the expected $0.25 [2] - Strong demand for PCIe 6 and significant growth expected for Taurus Ethernet smart cable modules are highlighted as key drivers for the upcoming quarter [2]

Astera Labs, Inc. (ALAB) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +25.64%. A quarter ago, it was expected that this company would post earnings of $0.33 per share when it actually produced earnings of $0.44, delivering a surprise of +33.33%.Over the last four quarters, the comp ...