Astera Labs, Inc.
ALABQ4 2024(ALAB Q3 FY2024)Derived90% AI
AI Revenue %
90%
AI Fair Value
$7.8B
AI Revenue (Q)
$58.8M
Total Revenue (Q)
$65.3M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 FY2024 revenue was $113.086M, up from $36.928M in Q3 2023 (206% YoY growth). Revenue by geography: Taiwan $76.901M (68%), China $16.507M (15%), Singapore $11.972M (11%), US $5.388M. China revenue surged from $2.639M YoY, reflecting AI infrastructure buildout. Customer A at 35% and Customer B at 26%. Nine-month 2024 revenue reached $255.194M vs $65.280M in 2023. The product mix increasingly favors AI-specific Taurus and Scorpio products, with revenue acceleration driven entirely by AI GPU server platform deployments. At this scale and growth rate, nearly all revenue is AI-driven. $101.8M AI / $113.1M total = ~90%.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $113,086 [thousands] for three months ended September 30, 2024
10-Q Condensed Consolidated Statements of Operations
Taiwan $76,901... China $16,507... Singapore $11,972... United States $5,388
10-Q Note 2: Segment and Geographical Information
Customer A 35%... Customer B 26%... Customer D 11%
10-Q Note 2: Segment and Geographical Information
Nine months ended September 30, 2024 Revenue $255,194 [thousands]
10-Q Condensed Consolidated Statements of Operations
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