Astera Labs (NASDAQ: ALAB) reported its fourth-quarter 2024 earnings, revealing a record revenue of $141.1 million, which represents a 179% increase year-over-year and a 25% rise from the previous quarter. The company surpassed analysts' expectations, with a non-GAAP earnings per share (EPS) of $0.37, exceeding the estimated $0.26. The GAAP diluted net EPS was reported at $0.14. For the first quarter of 2025, Astera Labs anticipates revenue between $151 million and $155 million, with a projected non-GAAP EPS of $0.28 to $0.29. The company's gross margin stood at approximately 74%. CEO Jitendra Mohan attributed the strong revenue growth to the success of the Aries PCIe product family, particularly in the cloud and AI sectors. Despite the positive earnings report, Astera Labs' stock fell by 4% in post-market trading.