Companies /Technology

Astera Labs, Inc. Common Stock

NASDAQ: ALAB Semiconductors
$304.09
â–² $13.79 (+4.75%) today
Markets closed · 7:25am ET

Q2 2026 Earnings

Reported Aug 4, 2026, 4:09pm ET · SEC source
$0.80
Beat +15.61%
EPS · est. $0.69
$392.4M
Beat +8.76%
Revenue · est. $360.8M
9 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−18%−12%−6%0Aug 4Aug 5report 4:09pm ETearnings−0.2%−18.6%
−18%−12%−6%0Aug 4Aug 5earnings−0.2%−18.6%
ALAB −18.6%S&P 500 −0.2%
−18%−12%−6%0Aug 4Aug 5report 4:09pm ETearnings−1.1%−18.6%
−18%−12%−6%0Aug 4Aug 5earnings−1.1%−18.6%
ALAB −18.6%NASDAQ −1.1%
−15%−10%−5%0Aug 3Aug 12report 4:09pm ETearnings+0.0%−11.7%
−15%−10%−5%0Aug 3Aug 12earnings+0.0%−11.7%
ALAB −11.7%S&P 500 +0.0%
−15%−10%−5%0Aug 3Aug 12report 4:09pm ETearnings+0.1%−11.7%
−15%−10%−5%0Aug 3Aug 12earnings+0.1%−11.7%
ALAB −11.7%NASDAQ +0.1%
−11.96%
Day of report
+4.10%
Next session
+0.12%
One week

Did ALAB Beat Earnings? Q2 2026 Results

Astera Labs delivered a blowout second quarter for fiscal 2026, posting revenue of $392.40 million, up 104.5% year over year and ahead of the $360.81 million consensus by 8.76%, while non-GAAP diluted EPS of $0.80 beat the $0.69 estimate by 15.61%, extending the company's streak of consensus EPS beats to eight consecutive quarters. The standout driver was the accelerating ramp of the Scorpio fabric switch platform, which CEO Jitendra Mohan indicated is now on track to become the company's largest product family in Q3, a full quarter earlier than previously expected, underscoring how rapidly Astera Labs is evolving from a signal conditioning specialist into a broader AI fabric infrastructure provider. Non-GAAP operating margin held firm at 39.1%, and the company closed the quarter with roughly $1.25 billion in combined cash and marketable securities. Looking ahead, management guided Q3 revenue of $540 million to $560 million, with non-GAAP diluted EPS of $1.16 to $1.21, reflecting confidence in the Scorpio X-Series 320-lane production ramp as hyperscaler AI buildouts continue to accelerate.

Key Takeaways
  • Broad-based strength across AI fabrics and signal conditioning portfolios
  • Record quarterly revenue for Aries product line
  • 104% year-over-year revenue growth
  • 27% sequential revenue growth
  • Non-GAAP operating margin of 39.1%

“Astera Labs delivered outstanding Q2 2026 results, with record revenue of $392.4 million, up 27% sequentially and 104% year-over-year, driven by broad-based strength across our portfolio, including record quarterly revenue for our Aries product line.”

Astera Labs CEO, on the earnings call

Forward Guidance & Outlook

For Q3 2026, Astera Labs guided revenue of $540 million to $560 million, representing significant sequential acceleration driven by the Scorpio X-Series 320-lane fabric switch production ramp. Non-GAAP gross margin is expected at approximately 72%. Non-GAAP operating expenses are guided to $156-$160 million. Non-GAAP diluted EPS is expected in the range of $1.16 to $1.21 on approximately 185 million weighted-average diluted shares. GAAP diluted EPS is guided at $0.87 to $0.92. The company expects Scorpio fabric switches to become its largest product family in Q3, one quarter ahead of prior expectations, and sees new design wins, optical interconnects, and custom solutions expanding growth opportunities into 2027 and beyond.

ALAB YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$200.0M$400.0M$191.9M$392.4MRevenue$145.6M$287.6MGross Profit$39.8M$89.2MOperating Income$51.2M$153.1MNet Income
$0$200.0M$400.0MRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.