Astera Labs: Initiation of Coverage -Taurus & Aries Product Diversification As a Key Growth Strategy! 

Astera Labs, in its second quarter of fiscal year 2025, showcased robust financial performance and strategic advancement in its market positioning. The company reported revenue of $191.9 million, reflecting a 20% increase from the previous quarter and a notable 150% year-over-year rise. This substantial revenue growth was attributed to increased demand in both its signal conditioning and switch fabric product lines, notably with the Scorpio P-Series switches. These products, designed for PCIe 6 scale-out applications, have rapidly ascended to make up over 10% of the company’s total revenue, marking them as the fastest-growing product line in Astera Labs’ history.