Astera Labs Inc (NASDAQ: ALAB) reported positive monetary outcomes for the 3rd quarter of financial 2025 after the marketplace close on Tuesday.
Astera Labs reported third-quarter profits of $230.58 million, beating expert quotes of $206.55 million, according to Benzinga Pro. The semiconductor-based connection services business reported third-quarter changed incomes of 49 cents per share, beating quotes of 39 cents per share.
” Throughout the quarter, we saw robust need and upside throughout our signal conditioning, clever cable television module (SCM), and switch material portfolios as brand-new AI platforms increase production,” stated Jitendra Mohan, CEO of Astera Labs.
Astera Labs anticipates fourth-quarter profits of $245 million to $253 million. The business prepares for fourth-quarter adjusted incomes of 50 cents to 51 cents per share versus quotes of 42 cents per share.
Astera Labs shares fell 6.4% to close at $179.31 on Tuesday.
These experts made modifications to their rate targets on Astera Labs following incomes statement.
- Needham expert N. Quinn Bolton kept Astera Labs with a Buy and raised the rate target from $205 to $220.
- Stifel expert Tore Svanberg kept the stock with a Buy and raised the rate target from $185 to $200.
Thinking about purchasing ALAB stock? Here’s what experts believe:
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