Astera Labs reported FY 2025 revenue of USD 852.53 million, up 115% year over year, driven by higher unit shipments for its Aries, Scorpio and Taurus products and higher average selling prices from an increased mix of hardware modules and Scorpio products. FY 2025 gross profit was USD 645.26 million (gross margin 75.7%, down 70 bps), with the margin decline attributed primarily to product mix as the company shipped more hardware modules. FY 2025 operating income was USD 173.42 million, versus an operating loss in the prior year, and FY 2025 net income was USD 219.13 million, versus a net loss in the prior year. FY 2025 R&D expense rose 51% to USD 304 million, while sales and marketing expense fell 35% to USD 79.77 million and general and administrative expense fell 7% to USD 88.07 million, both primarily reflecting lower non-cash stock-based compensation following the IPO-related vesting and settlement recognized in the prior year. For FY 2025, net cash provided by operating activities was USD 319.31 million, net cash used in investing activities was USD 241.47 million, and net cash provided by financing activities was USD 9.8 million. Astera Labs said it ended FY 2025 with USD 1.2 billion in cash, cash equivalents and marketable securities. Business updates highlighted continued deployment of the company’s Intelligent Connectivity Platform—spanning ICs, boards and modules—and its COSMOS software suite across major AI platforms, with products including Aries PCIe/CXL retimers, Taurus Ethernet cable modules, Leo CXL memory connectivity controllers and Scorpio fabric switches. The company also noted it expects amortization of capitalized production equipment to become significant as more products enter production, and disclosed fixed operating lease obligations of USD 31 million and purchase commitments of USD 74.9 million as of Dec. 31, 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Astera Labs Inc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001736297-26-000010), on February 20, 2026, and is solely responsible for the information contained therein.
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