“Scorpio exceeded 10% of total revenue, making it the fastest ramping product line in the history of Astera Labs.” (CEO)
“We remain on track for Scorpio to exceed 10% of total revenue in 2025, while becoming the largest product line for Astera Labs over the next several years.” (CEO)
“Scale-up connectivity for rack-scale AI infrastructure alone will add close to $5 billion of market opportunity for us by 2030.” (CEO)
“Our silicon dollar content opportunity has expanded into the range of multiple hundreds of dollars per AI accelerator.” (Sanjay)
“We expect Q3 revenues to increase to within a range of $203 million and $210 million.” (CFO)
Q&A Batch (1-5 of 5)
Q1 — Harlan L. Sur
Topic: Scorpio X-Series differentiation and customer engagement
Key points:
Scorpio X-Series has 10+ platform wins for XPU-to-XPU ASIC connectivity.
Topic: Scorpio revenue shape and scale-up vs. scale-out timing
Key points:
Scorpio P-Series launched into volume production ahead of schedule in Q2, driving upside.
Scorpio P continues to grow in Q3 and Q4; more P-Series designs layer in 2026.
Scorpio X-Series: preproduction volumes in 2025; high-volume production starts in 2026; X-Series will become larger than P-Series.
Scorpio will exceed 10% of total revenue for the year; poised to be largest product line in 2 years.
Mgmt stance: Bullish — Scorpio X-Series dollar opportunity much larger; conservative on near-term scale-up volumes.
Q4 — Joseph Lawrence Moore
Topic: UALink vs. NVLink Fusion and merchant GPU vs. ASIC exposure
Key points:
NVLink is most widely deployed scale-up architecture; Astera is part of NVLink Fusion ecosystem.
UALink shares similarities (memory semantics, lossless networking, AI-optimized) and is an open ecosystem with many hyperscalers/vendors.
Astera will offer full UALink portfolio (switches, retimers, cables); also continues PCIe and Ethernet opportunities.
On merchant GPU vs. ASIC: Scorpio P and Aries serve merchant GPU rack customizations; Scorpio X (scale-up) has higher dollar content (several hundred dollars per XPU) and is largely deployed on XPUs.
Mgmt stance: Bullish — agnostic to architectures; UALink provides large dollar content opportunity; Scorpio X expected to be largest revenue contributor.
Q5 — Thomas James O'Malley
Topic: PCIe vs. UALink engagement split and switching attach rate
Key points:
10+ opportunities (hyperscalers and AI platform providers) are all currently based on PCIe (near-term).
Many of these customers are also evaluating UALink; some may stay on PCIe, some transition midterm; long-term UALink expected to be standard for merchant GPU and custom accelerator providers.
Switching attach rate varies by platform configuration; Astera designs address multiple use cases; no specific attach rate disclosed.
Mgmt stance: Neutral — engagements are PCIe-based now; UALink transition is mid-to-long term; attach rate details will be shared as platforms ramp.