Astera Labs Posts Record Q3 Revenue, Gives Q4 Guidance
Astera Labs reported Q3 2026 revenue of $584.9 million, up 49% sequentially and 154% year over year. GAAP net income was $182.9 million and diluted EPS was $0.99; adjusted EPS of $1.32 exceeded the FactSet consensus of $1.19. The company forecast Q4 revenue of $730.0 million to $750.0 million and adjusted EPS of $1.62 to $1.66.
Astera Labs reported record quarterly revenue of $584.9 million for the third quarter of 2026, representing a 49% sequential increase and a 154% year-over-year growth. The company achieved a GAAP net income of $182.9 million and a GAAP diluted net income per share of $0.99. Adjusted earnings per share reached $1.32, exceeding the FactSet consensus estimate of $1.19. Management highlighted that the Scorpio fabric switch product family has become the company's largest by revenue following a ramp to high-volume production.
Looking ahead, the company provided fourth-quarter guidance, projecting revenue in the range of $730.0 million to $750.0 million and adjusted earnings per share between $1.62 and $1.66.