Astera Labs reports record Q2 2026 revenue of $392.4 million, up 104%, and guides Q3 to $540M-$560M

Second-quarter 2026 revenue was a record $392.4 million, up 27% from the first quarter and 104% from a year earlier. GAAP net income was $153.1 million, or $0.83 per diluted share, with a GAAP gross margin of 73.3%. For the third quarter the company guided revenue to $540 million to $560 million, gross margin of about 72%, and non-GAAP diluted EPS of $1.16 to $1.21, with the step-up driven mainly by the Scorpio X-Series production ramp.

• Q2 2026 revenue $392.4 million, up 27% sequentially and 104% year over year
• GAAP net income $153.1 million; GAAP diluted EPS $0.83; non-GAAP $0.80
• Gross margin 73.3% GAAP, 73.7% non-GAAP
• Q3 2026 guidance: revenue $540M-$560M; GAAP EPS $0.87-$0.92; non-GAAP EPS $1.16-$1.21
• No buyback or dividend announced with the results

SEC filing 8-K · accession 0001736297-26-000033 · sec.gov ↗