Q2 26 EPS
$0.80
BEAT +15.61%
Est. $0.69
Q2 26 Revenue
$392.4M
BEAT +8.76%
Est. $360.8M
vs S&P Since Q2 26
+0.8%
BEATING MARKET
ALAB +1.0% vs S&P +0.2%
Market Reaction
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%, e… Read more 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%
ALAB 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, source: SEC Filings
“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.”
— Jitendra Mohan, Q2 2026 Earnings Press Release
ALAB Earnings Trends
ALAB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ALAB EPS Trend
Earnings per share: estimate vs actual
ALAB Revenue Trend
Quarterly revenue: estimate vs actual
ALAB Quarterly Results
9 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.69 | $0.80 | +15.61% | $392.4M | +8.76% |
| Q1 26 BEAT | $0.54 | $0.61 | +13.47% | $308.4M | +5.49% |
| Q4 25 BEAT FY | $0.51 | $0.58 | +12.64% | $270.6M | +8.43% |
| FY Full Year | — | $1.84 | — | $852.5M | — |
| Q3 25 BEAT | $0.39 | $0.49 | +25.61% | $230.6M | +11.70% |
| Q2 25 BEAT | $0.32 | $0.44 | +35.72% | $191.9M | +11.29% |
| Q1 25 BEAT | $0.28 | $0.33 | +16.28% | $159.4M | +5.21% |
| Q3 24 BEAT | $0.16 | $0.23 | +43.75% | $113.1M | +29.39% |
| Q2 24 BEAT | $0.06 | $0.13 | +116.67% | $76.9M | +20.40% |
| Q1 24 BEAT | $0.04 | $0.10 | +150.00% | $65.3M | +15.07% |