Astera Labs, Inc.
ALABQ1 2025(ALAB Q4 FY2024)Derived90% AI
AI Revenue %
90%
AI Fair Value
$12.4B
AI Revenue (Q)
$127.0M
Total Revenue (Q)
$141.1M
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Q4 FY2024 revenue was $141.096M (FY2024 total $396.290M minus 9-month $255.194M). Full-year 2024 revenue was $396.290M, up from $115.794M in 2023 (242% YoY growth) and $79.872M in 2022. Annual geographic breakdown: Taiwan $269.935M (68%), China $72.672M (18%), US $11.296M (3%), Other $42.387M. The 10-K Item 1 Business explicitly states: 'our connectivity solutions are at the heart of major AI platforms deployed worldwide featuring both commercially available GPUs and proprietary AI accelerators.' The company describes itself as providing 'semiconductor-based connectivity solutions that are purpose-built to unleash the full potential of cloud and AI infrastructure.' Single operating segment. All four product families serve AI/cloud infrastructure. $127.0M AI / $141.1M total = ~90%.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $396,290 [thousands] for year ended December 31, 2024; $115,794 in 2023; $79,872 in 2022
10-K Note 2: Segment and Geographical Information
Today, our connectivity solutions are at the heart of major AI platforms deployed worldwide featuring both commercially available Graphic processing Units (GPUs) and proprietary AI accelerators
10-K Item 1: Business Overview
Our mission is to innovate, design, and deliver semiconductor-based connectivity solutions that are purpose-built to unleash the full potential of cloud and AI infrastructure
10-K Item 1: Business Overview
Taiwan $269,935... China $72,672... United States $11,296... Other $42,387
10-K 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