Astera Labs, Inc.: Beat — EPS $1.32, Revenue $584.9M
Earnings BeatQ3 2026 · After-market
Did Astera Labs, Inc. (ALAB) beat earnings today?
Yes, Astera Labs, Inc. (ALAB) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+10.92% surprise
$1.32Actual
Expected: $1.19
vs. year ago +169.4%
Total Revenue+6.19% surprise
$584.9MActual
Expected: $550.8M
vs. year ago +154.0%
Released Nov 03 · 4:05 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $584.90M | $230.57M | +154% |
| GAAP Basic EPS | $1.05 | $0.54 | +94.4% |
| GAAP Diluted EPS | $0.99 | $0.50 | +98.0% |
| Non-GAAP Diluted EPS | $1.32 | $0.49 | +169.4% |
| Net Income | $182.94M | $91.11M | +100.8% |
Financial Outlook / Guidance
| Metric | Q4 FY26 Outlook | |
|---|---|---|
| Guidance | Expected | |
| Revenue | $730M-$750M | $655.71MBeat +12.85% |
| GAAP Gross Margin | ~72% | — |
| GAAP Operating Expenses | ~$273M-$279M | — |
| GAAP Diluted EPS | ~$1.13-$1.17 | — |
| Diluted Shares | ~187M | — |
| Non-GAAP Gross Margin | ~72% | — |
| Non-GAAP Operating Expenses | ~$194M-$200M | — |
| Non-GAAP Diluted EPS | ~$1.62-$1.66 | $1.42Beat +15.49% |
Q4 FY26 Outlook
- Revenue
- Guidance$730M-$750MExpected$655.71MBeat +12.85%
- GAAP Gross Margin
- Guidance~72%Expected—
- GAAP Operating Expenses
- Guidance~$273M-$279MExpected—
- GAAP Diluted EPS
- Guidance~$1.13-$1.17Expected—
- Diluted Shares
- Guidance~187MExpected—
- Non-GAAP Gross Margin
- Guidance~72%Expected—
- Non-GAAP Operating Expenses
- Guidance~$194M-$200MExpected—
- Non-GAAP Diluted EPS
- Guidance~$1.62-$1.66Expected$1.42Beat +15.49%
Business Highlights
- ➤Scorpio became the largest product family through high-volume Scorpio X-Series production.
- ➤Announced Aries 7 PCIe 7 signal conditioning portfolio across copper and optical connectivity.
- ➤Aries 7 products are expected to begin sampling to select customers in Q4 2026.
- ➤Unveiled Orion compute-agnostic rack-scale reference architecture with six production-grade reference designs.
- ➤Orion rack reference and system designs are on track for partner availability in Q1 2027.
- ➤Expanded Leo Smart Memory Controller family with Leo X-Series and Leo 2 E-Series and P-Series.
- ➤Showcased expanded Aries and Orion families at the 2026 OCP Global Summit.
- ➤Demonstrated Scorpio X-Series, Leo X-Series, and PCIe 7 copper and optical signal conditioning.
Management Commentary
Jitendra Mohan, Chief Executive Officer
“Astera Labs delivered outstanding Q3 2026 results, with record quarterly revenue of $584.9 million, up 49% sequentially and up 154% year-over-year, with broad-based growth led by Scorpio, which ramped to high-volume production and became our largest product family by revenue.”
Jitendra Mohan, Chief Executive Officer
“Design activity accelerated with wins across a broad set of programs and applications at multiple customers. We expanded our portfolio with the introduction of Aries 7 for optical and copper signal conditioning, Leo 2 and Leo X-Series for AI and general-purpose memory expansion, and Orion rack-scale reference architecture. The expansion of our intelligent connectivity platform and new design wins position us to strongly grow our dollar content per accelerator and further increase our total market opportunity.”