Astera Labs Reports Record Q2 2026 Financial Results

San Jose, California - Astera Labs, Inc. (Nasdaq: ALAB), a provider of semiconductor-based connectivity solutions for rack-scale AI infrastructure, has announced its preliminary financial results for the second quarter of fiscal year 2026, ending June 30, 2026.

The company reported record quarterly revenue of $392.4 million, marking a 27 percent increase sequentially and a 104 percent growth year-over-year. This growth was fueled by widespread demand across its portfolio, with the Aries product line achieving record quarterly revenue.

Financial Highlights:

• GAAP Revenue: $392.4 million.
• GAAP Gross Margin: 73.3 percent.
• GAAP Operating Income: $89.2 million.
• GAAP Diluted Net Income per Share: $0.83.
• Non-GAAP Diluted Net Income per Share: $0.80.

Operational Progress

Astera Labs noted that momentum is expected to accelerate in the third quarter as Scorpio fabric switches become the largest product family. This development marks the company's evolution into a comprehensive AI fabric infrastructure provider. Key operational updates include the expansion of the Taurus signal conditioning portfolio to support 224G Ethernet and UALink connectivity, as well as an expanded footprint in Taiwan to improve collaboration with major AI platform providers.

Third Quarter Outlook

Astera Labs estimates its third-quarter 2026 revenue to be in the range of $540 million to $560 million, with a GAAP gross margin of approximately 72 percent.