Astera Labs Q2: Scorpio is Locked and Loaded

Astera Labs Q2 offered 27% sequential growth and 104% year-over-year growth, driven by record Aries revenue and a faster ramp in Scorpio. The acceleration is more pronounced next quarter with a guide for $550M, at the midpoint, implying 40% sequential growth and 138.5% growth YoY. This compares to analyst estimates for $417M next quarter – marking one of the biggest beat/raises we’ve seen this quarter.