How did ALAB's earnings surprise in Q4 2024?

Astera Labs (ALAB) reported actual EPS of $0.37 and actual revenue of $141.1 million for Q4 2024. Comparatively, the estimated EPS was $0.26 and the estimated revenue was $127.9 million. Thus, Astera Labs' earnings surpassed market expectations with a significant margin, indicating strong financial performance and operational efficiency. This outperformance can be attributed to the company's strategic focus on innovation and market positioning with its Aries PCIe Retimer products and Taurus Smart Cable Modules.