🟢 Astera Labs is trading 5% up today after Q2 earnings beat and stronger Q3 outlook

Astera Labs is trading at $334.96, up +5.19%, as investors continued evaluating its August 4 earnings beat and stronger outlook.

• Q2 revenue was $392.4 million, up 104% year over year; adjusted EPS was $0.80 versus $0.69 consensus.
• Management guided Q3 revenue to $540 million–$560 million; Scorpio fabric switches should become the largest product family one quarter earlier than expected.
• Shares fell 11.96% August 5 after rising 12.65% August 4; modestly higher broader markets suggest the earnings-and-guidance catalyst appears dominant.