Astera Labs Posts $270.6M Q4 Revenue, 115% Full-Year Growth
Astera Labs delivered Q4 revenue of $270.6 million, up 17% sequentially and 92% year-over-year, with GAAP net income of $45.0 million and non-GAAP EPS of $0.58. Full-year revenue jumped 115% to $852.5 million with a 75.7% gross margin, while Desmond Lynch will succeed Mike Tate as CFO.
1. Record Q4 and FY2025 Results
Astera Labs reported Q4 revenue of $270.6 million, marking a 17% sequential increase and 92% year-over-year gain. GAAP gross margin was 75.6%, GAAP net income reached $45.0 million, and non-GAAP pro forma EPS was $0.58. Full-year revenue totaled $852.5 million, up 115%, with a 75.7% gross margin.
2. CFO Succession Plan
Long-time CFO Mike Tate will transition to Strategic Advisor to the CEO, supporting the handoff to Desmond Lynch, who brings over 25 years of semiconductor finance leadership and joins effective March 2, 2026.
3. Growth Initiatives and R&D Expansion
The company is ramping production of its Scorpio X-Series smart fabric solutions and broadening its product roadmap for scale-up networking, targeting a merchant switching market projected to hit $20 billion by 2030. A new Israel Design Center will accelerate development of next-generation AI connectivity fabrics and collaborations with local institutions.