Astera Labs, Inc.-These Analysts Increase Their Forecasts On Astera Labs After Strong Q2 Results

Astera Labs ALAB reported record quarterly revenue after market close on Tuesday. Astera Labs reported second-quarter revenue of $191.9 million, up 150% year-over-year and up 20% quarter-over-quarter. The revenue total beat a Street consensus estimate of$ 172.54 million according to data from Benzinga Pro. The company's revenue was a quarterly record, as was operating cash flow generation of $135.4 million. Astera Labs reported adjusted earnings per share of 44 cents, beating a Street consensus of 32 cents ...