Here’s Why Astera Labs (ALAB) is Down More than 12% Since Q3 2025 Results

Group 1 - Astera Labs, Inc. (NASDAQ:ALAB) has seen its share price decline over 12% since the release of its fiscal Q3 2025 results on November 4, despite beating earnings expectations [1][4] - The company reported a year-over-year revenue growth of 103.89% to $230.58 million, exceeding estimates by $24.15 million, with an EPS of $0.49, surpassing consensus by $0.10 [4] - Management attributes the revenue growth to strong demand in its signal conditioning, smart cable module (SCM), and switch fabric portfolios [4] Group 2 - Wall Street's opinions on Astera Labs' stock have been mixed following the earnings release, with a Buy rating and a $225 price target initiated by Karl Ackerman from Exane BNP Paribas, while Simon Leopold from Raymond James initiated a Hold rating without a price target [2] - Looking ahead, management expects fiscal fourth quarter revenue to be between $245 million and $253 million, which is above Wall Street's estimate of $215.1 million [4] Group 3 - Astera Labs is focused on designing, manufacturing, and selling semiconductor-based connectivity solutions for cloud and AI infrastructure [5]