Astera Labs posted second-quarter revenue of $191.9 million, a 150% year-over-year jump that comfortably topped Wall Street expectations. Non-GAAP earnings reached $0.44 a share versus consensus estimates near $0.32, while GAAP EPS came in at $0.29. The Santa Clara-based chipmaker reported a GAAP gross margin of 75.8% and operating income of $39.8 million, reflecting robust demand for its high-speed connectivity components used in AI data-center build-outs. Looking ahead, the company forecast third-quarter sales of at least $203 million—about 80% higher than a year earlier—and guided earnings per share above analysts’ projections. The beat-and-raise quarter sent Astera Labs’ stock up roughly 20% in pre-market trading on Aug. 6, extending a rally that has lifted the shares nearly 90% over the past month as investors bet on continued AI-driven spending by cloud and hyperscale customers.