Astera Labs (NasdaqGS:ALAB) Q4 2025 Earnings call February 10, 2026 04:30 PM ET Speaker5Good afternoon. My name is Carly, and I will be your conference operator today. At this time, I would like to welcome everyone to the Astera Labs Q4 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. After management's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press * followed by the number 1 on your t ...

Exhibit 99.1 IR CONTACT: Leslie Green leslie.green@asteralabs.com Astera Labs Reports Fourth Quarter and Full Year 2025 Financial Results SAN JOSE, CA, U.S. – February 10, 2026 – Astera Labs, Inc. (Nasdaq: ALAB), a leader in semiconductor-based connectivity solutions for rack-scale AI infrastructure, today announced preliminary financial results for the fourth quarter and full fiscal year of 2025, ended December 31, 2025. "Astera Labs delivered strong financial results in Q4 with revenue growing by 17% sequ ...

Record quarterly revenue of $270.6 million, up 17% QoQ, and record full-year revenue of $852.5 million, up 115% year-over-yearBroadening Scorpio X-Series smart fabric roadmap to address expanding scale-up market opportunities supporting multiple customers, starting production ramp for lead platformAppointed Desmond Lynch as Chief Financial Officer with Mike Tate transitioning to the role of Strategic Advisor to the CEO SAN JOSE, Calif., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Astera Labs, Inc. (Nasdaq: ALAB), a l ...

来源：格隆汇APP Astera Labs((ALAB.US)盘前继续上涨近5%，该股此前2日累计大涨超30%。消息上，Astera Labs将于美 东时间2月10日盘后公布Q4财报，市场重点关注Astera Labs在亚马逊上调资本开支背景下，其Aries PCIe Retimer及Scorpio Switch产品线放量进展。GAAP净利润市场一致预期是5124万美元，同比增长107%， 环比下滑44%，公司指引上限是3660万美元。 ...

Core Insights - The article emphasizes the importance of investing in AI infrastructure companies, referred to as "pick-and-shovel plays," which are expected to benefit from the rapid growth of artificial intelligence and high-performance computing [1] Group 1: AI Infrastructure Companies - Companies like Nebius Group (NBIS), IREN (IREN), Astera Labs (ALAB), TeraWulf (WULF), and Cipher Mining (CIFR) are positioned to profit regardless of which AI model prevails, offering stable revenues and broad industry exposure [1] - Nebius Group is projected to experience a remarkable revenue growth of 5x by 2026, indicating strong market potential [7] Group 2: AI Capital Expenditure Trends - Hyperscaler capital expenditure (CAPEX) is forecasted to increase from $390 billion in 2025 to $515 billion in 2026, reflecting a significant rise in AI-related spending [2][3] - AI spending now constitutes over 2% of GDP, surpassing historical investments in railroads during the 1850s, highlighting the critical role of AI in the economy [2] Group 3: Productivity and Market Dynamics - The proliferation of AI technology has led to a 30% increase in coding productivity, countering skepticism regarding the return on investment in AI [9][11] - Companies are transitioning from capital-intensive models to high-margin operations, as seen with IREN's shift to a GPU-as-a-Service model, resulting in gross profits rising from under $200 million to $600 million [12] Group 4: Market Sentiment and Technical Analysis - A bullish shakeout pattern has been observed in stocks like NBIS, where prices briefly fell below key support levels before rebounding, indicating potential for future price increases [13] - The current market environment presents a unique opportunity for investors to focus on AI infrastructure providers, minimizing the uncertainty associated with software competition in the AI sector [15]

Market Overview - The market breadth has expanded significantly from recent lows, indicating a bullish sign for the S&P 500 [2] - Record-high short positions have been established, setting the stage for a potential short squeeze as stocks, particularly in the tech sector, have rallied sharply [3][5] Economic Indicators - Trucking spot rates have increased by $0.61 per mile over the past four months, which is atypical for February, suggesting a strong underlying economy [7] - AI-related capital expenditures (CAPEX) are projected to rise to $515 billion in 2026, up from $390 billion in 2025, indicating a significant investment trend in the technology sector [9] Company Performance - Several AI infrastructure stocks have experienced substantial turnover and price increases, reflecting the growing impact of AI CAPEX spending [14] - Nebius Group is expected to see its annual revenues increase nearly fivefold by 2026, with Zacks Consensus Estimates indicating a year-over-year growth of 512.64% for the current quarter [15]

Investors were clearly looking forward to the company's earnings release after market close on Tuesday.Semiconductor stock Astera Labs (ALAB +10.49%) notched a nearly 10% price gain on Monday, the day before it's slated to publish its latest earnings release. Optimism about the numbers the company will post, plus news of expansion abroad, helped drive that near-double-digit lift.Researching how to growThat morning, California-based Astera announced that it had opened an advanced research and development (R& ...

US chip company Astera Labs (Nasdaq: ALAB) has announced that it is opening an advanced R&D center in Israel. The company, which is competing with Nvidia and Broadcom in AI data center infrastructure, will open design centers in Tel Aviv and Haifa. Israeli semiconductor industry veteran Guy Azrad, SVP engineering and general manager of Astera Labs Israel, will lead the new Israel operations. Until six months ago Azrad was Google SVP engineering responsible for developing communications chips at Google Isr ...

New design center to focus on cutting-edge AI fabrics and emerging AI inference technologies Industry veteran Guy Azrad to lead operations as general manager of Astera Labs Israel SAN JOSE, Calif. and TEL AVIV, Israel, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Astera Labs, Inc. (Nasdaq: ALAB), a leader in semiconductor-based connectivity solutions for rack-scale AI infrastructure, today announced a significant expansion of its global engineering operations with the establishment of an advanced research and develop ...

Core Insights - Astera Labs (ALAB) is expected to report fourth-quarter 2025 results on February 10, with projected revenues between $245 million and $253 million, indicating a 6% to 10% increase from the previous quarter [2] - The earnings per share (EPS) is anticipated to be approximately 51 cents, reflecting a 37.84% growth compared to the same quarter last year [3] Revenue and Earnings Expectations - The Zacks Consensus Estimate for fourth-quarter 2025 revenues is currently at $249.79 million, which represents a 77.03% increase from the year-ago quarter [2] - ALAB's earnings have consistently exceeded the Zacks Consensus Estimate in the past four quarters, with an average earnings surprise of 29.79% [3] Growth Drivers - The revenue growth for Astera Labs in Q4 2025 is likely driven by increasing demand for AI servers and data center infrastructure, particularly across its product lines: Aries, Scorpio, and Taurus [4] - The Aries product line, especially the PCIe Gen 6 smart retimers, is expected to significantly contribute to growth, with over 20% of third-quarter revenues coming from this segment [5] - Scorpio P-Series fabric switches are anticipated to maintain robust demand, contributing to revenue growth, while initial shipments of Scorpio X-Series solutions will also support this growth [6] - Taurus smart cable modules are expected to see strong demand for their 400-Gig designs, which are essential for AI scale-out connectivity [7] Competitive Landscape - Astera Labs faces stiff competition from companies like Credo Technology, Marvell Technology, and Broadcom, which are also expanding their product offerings in the connectivity space [8][16] - Marvell Technology's recent acquisition of Celestial AI enhances its capabilities in scale-up optical connectivity for large-scale AI deployments [17] - Broadcom has reported a 65% year-over-year increase in AI revenue, reaching $20 billion, driven by demand for AI semiconductors and infrastructure software [17] Financial Metrics - Research and development expenses surged by 55.8% year-over-year to $78.9 million in Q3 2025, with non-GAAP operating expenses expected to rise to approximately $85 million to $90 million in Q4 2025 [8][9] - Non-GAAP gross margins are projected to decline to around 75% in Q4 2025, down from 76.4% in Q3, due to a higher mix of lower-margin Taurus hardware modules [9] Stock Performance and Valuation - Astera Labs shares have declined by 19.7% over the past six months, underperforming the broader Zacks Computer and Technology sector, which returned 10.6% [10] - The stock is currently trading at a forward Price/Sales ratio of 20.34X, significantly higher than the industry average of 4.04X, indicating a stretched valuation [13]