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ALAB:Scale-up, Gearbox, AWS, AMD, MSFT

FUNDA·September 8, 2025

ALAB's open-protocol switches anchor AWS Trainium and AMD MI400 links; Scorpio-X launch drives 2H growth.

Company Overview

ALAB's Positioning and Technological Foundation

Company Introduction and Business Evolution

Astera Labs (ALAB) was founded in 2017 by three former Texas Instruments executives, including Jitendra Mohan. The company has grown rapidly since its inception. From 2022 to 2024, the company's revenues were US$79.9 mn,US$115.8 mn,US$396.3 mn;Gross margins were 73.5%, 68.9%, 76.4%. Net profit were US$-58.34 mn, US$-26.26 mn, US$-83.4 mn. The company was listed on the NASDAQ on March 20th, 2024.

Initially, the company's core business consisted of products such as Retimers, AECs, CXL, and GPU-to-CPU switches, with a product line focused on solving connectivity and memory bottleneck issues related to AI in data centers:

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