Earnings Releases·Nov 3, 2026, 4:09 PM ET

Astera Labs — Third Quarter 2026 Earnings Summary

Reported record quarterly revenue of $584.9 million, a 49% increase quarter-over-quarter and 154% year-over-year, driven by volume production of the Scorpio X-Series which became the largest product family by revenue.
Delivered GAAP net income of $182.9 million ($0.99 per share) and Non-GAAP net income of $243.4 million ($1.32 per share), with GAAP operating margin at 30.6% and Non-GAAP at 44.7%.
Provided Q4 2026 guidance forecasting revenue between $730 million and $750 million, with Non-GAAP diluted net income per share expected between $1.62 and $1.66.
Advanced product roadmap with Aries 7 sampling in Q4 2026 and Orion rack reference designs scheduled for availability via OEM/ODM partners in Q1 2027.
Completed a business acquisition in the first nine months of 2026 incurring $1.2 million in costs, while cash and cash equivalents rose to $209.4 million.