Astera Labs (NASDAQ:ALAB) stock is soaring on Tuesday after the company reported record quarterly revenue after market close.
Check out ALAB price action here.
What Happened: 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 per share.
“Astera Labs delivered strong financial results in Q2 with …