Astera Labs Stock Rises Ahead of Q2 Earnings

Astera Labs Inc (NASDAQ: ALAB ) shares are climbing Monday as investors position ahead of the semiconductor connectivity company’s second-quarter earnings report due after Tuesday’s close. Here’s what you should know. Astera Labs stock is moving in positive territory. Why is ALAB stock trading higher? What To Watch In Astera Labs Q2 Report Wall Street is looking for second-quarter revenue of $360.72 million and adjusted earnings of 69 cents per share when Astera Labs reports Tuesday, a setup that would represent continued growth from an already record-setting first quarter. The estimate aligns with the guidance the company issued alongside its first quarter results, where management projected adjusted earnings per share of approximately 68 to 70 cents on adjusted gross margin of approximately 73%. The first quarter produced record revenue of $308.4 million, up 14% se...