Astera Labs Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $584.9 million, up 49% sequentially and 154% year-over-year
- ➤Non-GAAP diluted EPS $1.32; non-GAAP operating margin reached 44.7%
- ➤Q4 revenue guidance $730 million-$750 million; non-GAAP EPS $1.62-$1.66
- ➤Scorpio became Astera Labs’ largest product family through high-volume production
- ➤Aries 7 sampling begins Q4 2026; Orion rack designs targeted for Q1 2027 availability
Expert Statements
Jitendra Mohan, Chief Executive Officer of Astera Labs
“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 of Astera Labs
“Design activity accelerated with wins across a broad set of programs and applications at multiple customers.”
Jitendra Mohan, Chief Executive Officer of Astera Labs
“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.”
Jitendra Mohan, Chief Executive Officer of Astera Labs
“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.”
* Record quarterly revenue of $584.9 million, up 49% QoQ and up 154% year-over-year * Scorpio™ fabric switches became the company's largest product family, led by volume production of the Scorpio X-Series 320-lane fabric switch * Portfolio expanded across memory, optical and copper signal conditioning, and rack-scale AI platforms with Leo 2 and Leo X-Series, Aries 7 and Orion SAN JOSE, Calif., Nov. 03, 2026 (GLOBE NEWSWIRE) -- Astera Labs, Inc. (Nasdaq: ALAB), a leader in semiconductor-based connectivity solutions for rack-scale AI infrastructure, today announced financial results for the third quarter of fiscal year 2026, ended September 30, 2026.
“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,” said Jitendra Mohan, Astera Labs’ 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.”
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