Astera Labs Q3 Earnings Beat Estimate on Scorpio X-Series Strength

What happened: Astera Labs $ALAB reported third-quarter 2026 non-GAAP earnings of $1.32 per share and revenue of $584.9 million, driven by the Scorpio X-Series switch ramp. Key numbers: EPS $1.32, up 169.4% year over year and 10.92% above the Zacks Consensus Estimate. Revenue $584.9 million, up 153.7% year over year and 49.1% sequentially. Why it matters: Scorpio became the company's largest product family, and management guided fourth-quarter revenue to a midpoint implying about 27% sequential growth on continued Scorpio and Aries demand. $ALAB carries a Zacks Rank #3 (Hold). Market: +0.7% today ($58.91), +29.0% YTD, 1.0x vol — as of 20:03 UTC

Astera Labs $ALAB reported third-quarter 2026 non-GAAP earnings of $1.32 per share and revenue of $584.9 million, driven by the Scorpio X-Series switch ramp.

Scorpio became the company's largest product family, and management guided fourth-quarter revenue to a midpoint implying about 27% sequential growth on continued Scorpio and Aries demand. $ALAB carries a Zacks Rank #3 (Hold). Market: +0.7% today ($58.91), +29.0% YTD, 1.0x vol — as of 20:03 UTC