Chipmaker Astera Labs late Tuesday handily beat analyst estimates for the second quarter and guided higher for the current period.

Astera Labs jumped more than 14% to $155 in after-hours trading.

The San Jose, Calif.-based company earned an adjusted 44 cents a share on sales of $191.9 million in the June quarter. Analysts polled by FactSet had expected earnings of 32 cents a share on sales of $172.5 million. In the year-earlier period, Astera Labs earned an adjusted 13 cents a share on sales of $76.9 million.

For the current quarter, Astera Labs expects to earn an adjusted 39 cents a share on sales of $206.5 million. That's based on the midpoint of its guidance. Wall Street was looking for earnings of 34 cents a share on sales of $180.7 million. In the same quarter last year, Astera Labs earned an adjusted 23 cents a share on sales of $113.1 million.

Astera Labs makes high-bandwidth, low-latency semiconductor connectivity systems for cloud computing and AI data centers.