Astera Labs 值得买入：营收同比增长105%、环比增长27%；PCIe 4/5/6 需求持续，Scorpio 出货量上升，主要客户应在第三季度放量，从而支撑增长。尽管未来四个月对应本财年 EPS 为66，但未来18个月的机会应会让远期市盈率便宜得多。
逐段跳播
网络领域的另一家公司是 Astera Labs。它同比增长了105%，环比增长了27%。对他们来说，他们仍然看到对 PCIe 连接的需求。而且，凭借他们产品组合中的多样化技术，很多人会想：“哦，你有 PCIe 6和 PCIe 7，这意味着你的旧技术已经过时了。”
事实并非如此。他们继续看到版本4、5和6的销售，而版本7目前正在送样，预计送样将持续到2026年第四季度。总体而言，他们帮助扩展 GPU 集群的 Scorpio 平台继续实现巨大的出货量。
产量在增加。主要客户预计也将在第三季度以可观的出货量提升需求。因此，我们也将继续看到 Astera Labs 的营收增长。
The other company in the field of networks is Astera Labs. It has grown by 105% year-on-year , and 27% quarter-on-quarter . For them, they still see demand for PCIe connections.
And again, with the diverse technologies in their portfolios, many think: "Oh, you have PCIe 6 and PCIe 7, that means your old technology is obsolete." This is not true. They continue to see sales for versions 4, 5 and 6, while version 7 is being sampled now, and sampling is expected to continue here into the fourth quarter of 2026.
Overall, their Scorpio platforms , which help scale up GPU clusters, continue to achieve massive volumes. Production is increasing. Major customers are also expected to ramp up demand in the third quarter with significant volumes.
Therefore, we will continue to see revenue growth for Astera Labs as well.
在我看来，网络领域是目前最被忽视的领域之一。尽管这只股票按未来四个月的财年每股收益66计算，交易价格略高，但我相信未来18个月的机会将使远期市盈率便宜得多。因此，对 AI 基础设施的巨大需求，以及随着更多 GPU 互联而不断降低的 AI 数据中心总拥有成本，将为网络领域创造非常巨大的机会。
The field of networking, in my opinion, is one of the most overlooked fields currently. Although this stock is trading at a slightly higher fiscal year earnings per share of 66 over the next four months, I believe the opportunity for the next 18 months will make the future price-to-earnings ratio much cheaper.
Therefore, the huge demand for AI infrastructure, and the decreasing total cost of ownership of AI data centers as more GPUs are connected, will create a very huge opportunity for the networking field.
观察点
这个频道对 $ALAB 的历次判断
Jose Najarro Stocks 在这只股票上共 2 条判断，这里只列相邻的几条。