SANTA CLARA, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced the appointment of Dr. Craig Barratt to its Board of Directors. Dr. Barratt is a seasoned technology industry veteran with decades of experience as an impactful leader and board member at networking, semiconductor, and medical device companies. "Craig's proven track record of scaling high-growth technology companies and driving breakthrough innovations at industry leaders like Atheros, Google, and Qualcomm makes him an invaluable addition to Astera Labs' Board of Directors," said Jitendra Moh

Mayer brings technology and leadership expertise in scaling multi-billion-dollar enterprises Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced the appointment of Bethany Mayer to its Board of Directors. Mayer brings over 30 years of experience as a visionary leader and board member at networking, cybersecurity, and semiconductor companies. "Bethany brings a wide range of technology and leadership experiences at both global corporations and tech start-ups to Astera Labs, and we are pleased to welcome her to the Board of Directors," said Jitendra Mohan, CEO and Co-founder, Astera Labs. "Her exper

SANTA CLARA, Calif., April 10, 2025 (GLOBE NEWSWIRE) -- Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced that it will release its financial results for the first quarter 2025 after the close of market on Tuesday, May 6, 2025. Astera Labs will host a corresponding conference call at 1:30 p.m. Pacific Time, 4:30 p.m. Eastern Time. Conference Call Details Date:May 6, 2025  Time:1:30 pm PT / 4:30 pm ET  Hosts:Jitendra Mohan, Chief Executive OfficerSanjay Gajendra, President and Chief Operating OfficerMike Tate, Chief Financial Officer  Dial-in:(800) 715-9871Conference ID: 5908687  Webcast:https://ir

SANTA CLARA, Calif., March 18, 2025 (GLOBE NEWSWIRE) -- Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced its Scorpio Smart Fabric Switches for PCIe® 6-ready NVIDIA Blackwell-based MGX™ platforms will deliver leading performance through a modular design that scales across different NVIDIA MGX configurations. Additionally, Astera Labs empowers customers to perform in-house testing through its accelerated test and interop development kit, featuring whitepapers, reference designs, comprehensive SDKs, simulation models, and extensive interoperability and performance testing in the Cloud-Scale Interop

SANTA CLARA, Calif., March 13, 2025 (GLOBE NEWSWIRE) -- Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced the expansion of its Cloud-Scale Interop Lab to accelerate time-to-market of PCIe® 6.x AI platforms powered by Scorpio Smart Fabric Switches. Rigorous interoperability and performance testing of Scorpio P-Series Fabric Switches with a wide-range of PCIe 6.x exercisers, analyzers, GPUs, CPUs, NICs, SSDs, and Switches across multiple PCIe generations and topologies enables customers to design with confidence, minimize interoperation risk, and reduce overall development time and costs. Chris Pet

SANTA CLARA, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced the appointment of Dr. Craig Barratt to its Board of Directors. Dr. Barratt is a seasoned technology industry veteran with decades of experience as an impactful leader and board member at networking, semiconductor, and medical device companies. "Craig's proven track record of scaling high-growth technology companies and driving breakthrough innovations at industry leaders like Atheros, Google, and Qualcomm makes him an invaluable addition to Astera Labs' Board of Directors," said Jitendra Moh

SANTA CLARA, Calif., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Astera Labs (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced that it will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 4, 2025. Astera Labs' presentation is scheduled for 4:05 pm PT. A webcast of the session will be made available on Astera Labs' investor relations website at https://ir.asteralabs.com About Astera Labs Astera Labs is a global leader in purpose-built connectivity solutions that unlock the full potential of AI and cloud infrastructure. Our Intelligent Connectivity Platform integrates PCIe®, CXL®, and Etherne

Record quarterly revenue of $141.1 million, up 25% QoQ and up 179% YoY Fiscal 2024 record revenue of $396.3 million, up 242% versus the prior yearRamping across diverse set of customers and platforms with four product families in fiscal 2025 SANTA CLARA, Calif., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for cloud and AI infrastructure, today announced preliminary financial results for the fourth quarter and full fiscal year 2024, ended December 31, 2024. "Astera Labs delivered strong Q4 results, with revenue growing 25% versus the previous quarter, and capped off a stellar 2024 with 242% revenu

SANTA CLARA, Calif., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced that it will release its financial results for the fourth quarter 2024 after the close of market on Monday, Feb. 10, 2025. Astera Labs will host a corresponding conference call at 1:30 p.m. Pacific Time, 4:30 p.m. Eastern Time. Conference Call Details Date:Feb. 10, 2025  Time:1:30 pm PT / 4:30 pm ET  Hosts:Jitendra Mohan, Chief Executive OfficerSanjay Gajendra, President and Chief Operating OfficerMike Tate, Chief Financial Officer  Dial-in:(800) 715-9871Conference ID: 5908687  Webcast:https:/

Astera Labs (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced its participation in the following financial conferences: UBS Global Technology and AI Conference on Dec. 4th in Scottsdale, AZ. Astera Labs' presentation is scheduled for 10:55 am MT. Barclays 22nd Annual Global Technology Conference on Dec. 11th in San Francisco. Astera Labs' presentation is scheduled for 1:20 pm PT. Raymond James 2024 TMT & Consumer Conference on Dec. 11th in New York. Astera Labs' presentation is scheduled for 11:20 am ET. Needham Growth Conference on Jan. 15th in New York. Astera Labs' presentation is scheduled for 12:45

Record quarterly revenue of $113.1 million, up 47% QoQ and up 206% YoY Expanding market opportunities with new Scorpio Fabric Switches, driving higher dollar content in AI platforms Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for cloud and AI infrastructure, today announced preliminary financial results for the third quarter of fiscal year 2024, ended September 30, 2024. "Astera Labs delivered strong Q3 results, setting our fifth consecutive quarterly revenue record and grew 47% versus the previous quarter," said Jitendra Mohan, Astera Labs' Chief Executive Officer. "Our business has now entered a new growth phase with multiple produc

Shipping in pre-production quantities, Scorpio Smart Fabric Switches deliver maximum system utilization and uptime for scale-out PCIe 6 connectivity and scale-up GPU clustering in AI servers Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced a new portfolio of fabric switches, including the industry's first PCIe® 6 switch, built from the ground up for demanding AI workloads in accelerated computing platforms deployed at cloud-scale. The Scorpio Smart Fabric Switch portfolio is optimized for AI dataflows to deliver maximum predictable performance per watt, high reliability, easy cloud-scale deployme

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Raymond James initiated coverage of Astera Labs with a rating of Outperform and set a new price target of $82.00

Northland Capital upgraded Astera Labs from Market Perform to Outperform and set a new price target of $120.00

Morgan Stanley downgraded Astera Labs from Overweight to Equal-Weight and set a new price target of $142.00

Northland Capital downgraded Astera Labs from Outperform to Market Perform and set a new price target of $120.00

Citigroup initiated coverage of Astera Labs with a rating of Buy and set a new price target of $120.00

Morgan Stanley upgraded Astera Labs from Equal-Weight to Overweight and set a new price target of $55.00

Evercore ISI initiated coverage of Astera Labs with a rating of Outperform and set a new price target of $100.00

Craig Hallum initiated coverage of Astera Labs with a rating of Buy and set a new price target of $90.00

Jefferies initiated coverage of Astera Labs with a rating of Buy and set a new price target of $85.00

Deutsche Bank initiated coverage of Astera Labs with a rating of Buy and set a new price target of $85.00