Astera Labs (ALAB) Surges 8.19% Ahead of Q2 Earnings

Astera Labs, Inc. (NASDAQ:ALAB) is one of the 10 Stocks Going Wild.

Astera Labs jumped by 8.19 percent on Wednesday to end at $99.86 each as investors repositioned portfolios ahead of the release of its second quarter financial and operating performance.

In a statement, Astera Labs, Inc. (NASDAQ:ALAB) said that it is scheduled to release earnings performance for the period on August 5, 2025, to be followed by a conference call at 4:30 PM Eastern Time.

Astera Labs, Inc. (NASDAQ:ALAB) expects revenues for the second quarter to settle between $170 million and $175 million, with diluted earnings per share of $0.10 to $0.11.

In the first quarter of the year, the company swung to a net income of $31.8 million from a $93-million net loss in the same period last year. Revenues expanded by 144 percent to $159 million from $65 million year-on-year.

Astera Labs, Inc. (NASDAQ:ALAB) is a semiconductor company providing solutions for cloud and AI infrastructures.

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Disclosure: None. This article is originally published at Insider Monkey.