Astera Labs (ALAB) Q4 2025 Earnings
How Did ALAB Stock React to Q4 2025 Earnings?
S&P 500 over the same 30 days: −3.31%.
Did ALAB Beat Earnings? Q4 2025 Results
Yes. Astera Labs reported Q4 2025 earnings of $0.58 a share on Feb 10, 2026, beating the $0.51 consensus estimate by 12.6%. Revenue was $270.6M against a $249.5M estimate.
Astera Labs closed out fiscal 2025 with a decisive beat on both top and bottom lines, as <a href="https://247wallst.com/investing/2026/02/10/live-will-astera-labs-soar-after-earnings-tonight/">investors watching closely</a> saw the AI connectivity specialist report Q4 revenue of $270.58 million, up 91.8% year-over-year and 8.43% ahead of the $249.55 million consensus estimate. Non-GAAP EPS of $0.58 beat the $0.51 consensus by 12.64%, extending the company's streak of consensus EPS beats to six consecutive quarters. The primary engine behind the quarter's strength was accelerating demand for AI infrastructure connectivity, with non-GAAP operating margin expanding to 40.2% from 34.3% a year ago as revenue scale drove meaningful operating leverage. Full-year 2025 revenue reached $852.52 million, reflecting 115% growth over fiscal 2024. Analysts have since lifted their 2026 revenue forecasts by roughly 13% to approximately $1.3 billion, underscoring confidence in the company's trajectory. Looking ahead, Astera Labs guided Q1 2026 revenue of $286 million to $297 million, with non-GAAP EPS of $0.53 to $0.54, pointing to continued sequential growth as its Scorpio X-Series fabric switches ramp with hyperscaler customers.
- Strong hyperscaler demand for AI connectivity solutions
- Revenue growth of 92% YoY and 17% QoQ driven by Intelligent Connectivity Platform
- Non-GAAP operating margin expansion to 40.2% from 34.3% year-over-year
- Full-year 2025 revenue growth of 115% year-over-year
“Astera Labs delivered strong financial results in Q4 with revenue growing by 17% sequentially to a new record level of $270.6 million, highlighting a stellar 2025 with full-year revenue growth of 115% year-over-year.”
Astera Labs CEO, on the earnings call
What Was Astera Labs's Outlook in Q4 2025?
For Q1 FY2026, Astera Labs guides revenue of $286 million to $297 million, GAAP gross margin of approximately 74%, GAAP operating expenses of $155 million to $161 million, and GAAP diluted EPS of $0.36 to $0.38. On a non-GAAP basis, the company expects gross margin of approximately 74%, operating expenses of $112 million to $118 million, a non-GAAP tax rate of approximately 12%, and non-GAAP diluted EPS of $0.53 to $0.54 on approximately 184 million weighted-average diluted shares outstanding.
ALAB YoY Financials
| Metric | Q4 2025 | Q4 2024 | Year over year |
|---|---|---|---|
| Revenue | $270.6M | $141.1M | +91.8% |
| Gross Profit | $204.5M | $104.4M | +95.8% |
| Operating Income | $67.0M | $144,000 | +46,398.6% |
| Net Income | $45.0M | $24.7M | +82.0% |
Figures from SEC filings and company reports. Not investment advice.