Astera Labs, Inc.
ALABQ3 2024(ALAB Q2 FY2024)Derived87% AI
AI Revenue %
87%
AI Fair Value
$8.2B
AI Revenue (Q)
$66.9M
Total Revenue (Q)
$76.8M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2024 revenue was $76.850M, up from $10.688M in Q2 2023 (619% YoY growth). Taiwan revenue was $63.955M (83% of total), indicating continued heavy shipment to AI server OEMs. Three customers accounted for 41%, 24%, and 18% of revenue. The extraordinary YoY growth rate further confirms AI-driven demand as the primary revenue driver. The product mix is shifting more toward AI-specific connectivity (Taurus cable modules gaining traction alongside Aries retimers). Slightly higher AI% than Q1 reflects accelerating AI infrastructure deployment. $66.9M AI / $76.9M total = ~87%.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $76,850 [thousands] for three months ended June 30, 2024
10-Q Condensed Consolidated Statements of Operations
Taiwan $63,955 [thousands]
10-Q Note 2: Segment and Geographical Information
Customer A 41%, Customer B 24%, Customer C 18%
10-Q Note 2: Segment and Geographical Information
AI Products Identified (Ring 1)
Aries PCIe/CXL Smart DSP RetimersAries PCIe/CXL Smart Cable ModulesTaurus Ethernet Smart Cable ModulesLeo CXL Memory Connectivity ControllersScorpio Smart Fabric Switches
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
General-purpose data center server connectivity (non-AI workloads)
Confidence Tier
DerivedCalculated from reported segments primarily serving AI