🔴 Astera Labs is trading 4.65% down in pre-market amid an apparent sell-the-news reaction to results

Astera Labs is trading at $222.75, down 4.65%, after an after-hours slide following its results.

• Q3 revenue hit a record $584.9 million, and adjusted EPS was $1.32; both topped estimates.
• Q4 revenue guidance of $730–$750 million also topped expectations.
• Semiconductor stocks are rebounding pre-market, including after AMD’s results, so sector strength does not explain Astera Labs’ decline.