Astera Labs — Third Quarter 2026 Earnings Summary

Astera Labs reported record third-quarter 2026 revenue of $584.9 million, representing a 49% increase from the previous quarter and a 154% year-over-year growth. The company's Scorpio X-Series 320-lane fabric switch became its largest product family by revenue, while the portfolio expanded to include the Aries 7 signal conditioning line, Leo 2 and Leo X-Series memory controllers, and the Orion rack-scale reference architecture. GAAP net income for the quarter reached $182.9 million with a gross margin of 72.3%, and the company forecasts fourth-quarter revenue between $730 million and $750 million. New products such as Aries 7 are expected to begin sampling in the fourth quarter, with Orion rack designs available through partners starting in the first quarter of 2027.