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Astera Labs Beats Earnings, Stock Dips Amid Margin Concerns

11/5/2025

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Summary

Story summary

Astera Labs (ALAB), based in San Jose, California, reported third-quarter adjusted earnings of 49 cents per share and sales of $230.6 million.
The results beat analyst expectations.
The company expects the current quarter to deliver 51 cents per share on $249 million in sales.
CFO Mike Tate warned that gross margins would contract from 75%.
Stock fell over 4% in after-hours trading after a 6.4% drop in the regular session.

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Story summary

Astera Labs (ALAB), based in San Jose, California, reported third-quarter adjusted earnings of 49 cents per share and sales of $230.6 million.
The results beat analyst expectations.
The company expects the current quarter to deliver 51 cents per share on $249 million in sales.
CFO Mike Tate warned that gross margins would contract from 75%.
Stock fell over 4% in after-hours trading after a 6.4% drop in the regular session.