Astera Labs posts record Q1 2026 revenue of $308.4 million, up 93%, and guides Q2 to $355M-$365M

First-quarter 2026 revenue was a record $308.4 million, up 93% from a year earlier and 14% from the fourth quarter, with a GAAP gross margin of 76.3%. GAAP diluted EPS was $0.44 and non-GAAP diluted EPS was $0.61. For the second quarter the company guided revenue to $355 million to $365 million, gross margin of about 73%, and non-GAAP diluted EPS of $0.68 to $0.70.

• Q1 2026 revenue $308.4 million, up 93% year over year and 14% sequentially
• GAAP gross margin 76.3%; non-GAAP 76.4%
• GAAP diluted EPS $0.44; non-GAAP $0.61
• Q2 2026 guidance: revenue $355M-$365M, non-GAAP EPS $0.68-$0.70
• Q2 2026 gross margin guided to about 73%

SEC filing 8-K · accession 0001736297-26-000017 · sec.gov ↗