Astera Labs, Inc.(US:ALAB) 智通财经网·2026-02-11 02:56Core Viewpoint - Astera Labs reported better-than-expected earnings and revenue for Q4, but its stock price fell by 10% due to revenue not meeting some analysts' higher expectations [1]. Group 1: Financial Performance - Q4 revenue increased by 92% year-over-year to $271 million, but some analysts had projected revenue to exceed $280 million [1]. - Q4 earnings per share were $0.58, surpassing market expectations of $0.51; net profit reached $45 million, an 82% increase from $24.7 million in the same period last year [1]. - The company expects Q1 2026 revenue to be between $286 million and $297 million, above Wall Street's expectation of $259 million, with adjusted earnings per share projected at $0.53-$0.54, compared to market expectations of $0.52 [1]. Group 2: Business Growth and Strategy - CEO Gitenedra Mohan attributed the performance to growth in Scorpio structured switch chips and Taurus Ethernet cables, which together accounted for 30% of total revenue [1]. - Mohan noted that the bottleneck is shifting from computing to connectivity, which is the company's main battlefield, providing opportunities for continued growth beyond the overall market growth rate in AI [1]. Group 3: Corporate Developments - The company announced the departure of CFO Mike Tate, with Desmond Lynch, current CFO of Rambus, set to replace him on March 2; Tate will remain as a strategic advisor [1]. - Astera Labs issued a new warrant to Amazon, allowing the purchase of approximately $466 million worth of company stock, with Amazon holding $43 million in Astera Labs shares as of December 31 [2]. - The company is establishing a research and development center in Israel to tap into the local talent pool, addressing resource availability constraints [3].