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Astera Labs Announces Financial Results for the First Quarter of Fiscal Year 2025

"Astera Labs started the year strong, with Q1 revenue growing 13% sequentially and 144% year-over-year, and exceeding our first quarter guidance for gross margin and earnings per share," said Jitendra Mohan, Astera Labs' Chief Executive Officer. "Our design wins across AI platforms, expanding portfolio with increasing value for customers, and significant traction with Scorpio fabric solutions strategically position us as a critical connectivity supplier for the entire AI rack. During the quarter, we saw str ...