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Astera Labs, Inc. ALAB Q2 2026 earnings

Reported August 4, 2026 · After market close

Revenue$392.4MBeat by $31.5M
Adjusted EPS$0.80Beat by $0.11
Revenue estimate$360.9M
EPS estimate$0.69
“Astera Labs delivered outstanding Q2 2026 results, with record revenue of $392.4 million, up 27% sequentially and 104% year-over-year, driven by broad-based strength across our portfolio, including record quarterly revenue for our Aries product line. We expect momentum to accelerate in Q3 as Scorpio fabric switches become our largest product family, one quarter ahead of our prior expectations. This milestone will mark our evolution into a complete AI fabric infrastructure provider. New design wins across a broadening set of customers coupled with our expansion into optical interconnects and custom solutions further expand our growth opportunity in 2027 and beyond.”
Jitendra Mohan

Next report

Nov 3, 2026 (in a month)
Revenue estimate$550.6M
EPS estimate$1.19

Financials

Q2 2026

Income statement

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Revenue$392.4M+104%
Gross profit$287.6M+97.6%
Operating income$89.2M+124%
Net income$153.1M+199%
EPS (diluted)$0.83+186%

Balance sheet

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Cash & equivalents$111.5M-31.8%
Total debt$44.4M+37.5%
Total equity$1.7B+51.9%
Total assets$1.9B+51.9%

Cash flow

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Operating cash flow$87.7M-35.2%
CapEx$20.5M+912%
Free cash flow$67.2M-49.6%

Valuation & ratios

Valuation

as of 10/02/26
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Market cap$61.83B+77.5%
Enterprise value$61.77B+77.9%
P/E167.4×—
P/S51.5×+3.3×

Profitability

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Gross margin75.1%-0.4pp
Operating margin22.8%+15.8pp
Net margin30.7%—
FCF margin23%-11.7pp

Returns & leverage

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Return on equity25.8%—
Debt / equity0×0.0×
Current ratio10.1×-1.0×

Segments

By segment

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Reportable Segment$392.4M+104%

FAQ

When did Astera Labs, Inc. report Q2 2026 earnings?
Astera Labs, Inc. (ALAB) reported Q2 2026 earnings on August 4, 2026 after market close.
What were Astera Labs, Inc.'s Q2 2026 revenue and EPS?
Astera Labs, Inc. reported revenue of $392.4M and adjusted eps of $0.80 for Q2 2026.
Did Astera Labs, Inc. beat estimates in Q2 2026?
Revenue beat the consensus estimate of $360.9M by $31.5M. EPS beat the consensus estimate of $0.69 by $0.11.
How did Astera Labs, Inc.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 104.5% from $191.9M a year earlier.
Where can I find Astera Labs, Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001736297-26-000033) and the 10-Q periodic report (0001736297-26-000035) directly on SEC EDGAR. The filing index links above go to sec.gov.