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# Astera Labs Revenue Hits $584.9 Million, Up 154%, As Scorpio Becomes Its Largest Product Line
- URL: https://www.bullished.co/astera-labs-revenue-hits-584-9-million-up-154-as-scorpio-becomes-its-largest-product-line-670be5bf/
- Published: 2026-11-03T21:23:40.000Z
- Updated: 2026-11-03T21:23:40.000Z
- Description: The AI-connectivity chipmaker guided fourth-quarter revenue to $730 million to $750 million after record third-quarter sales.
- Author: Matteo Parrino
- Tags: Earnings, ALAB, Industry: Technology

Astera Labs, which designs connectivity chips and software for AI data centers, [reported record third-quarter revenue of $584.9 million](https://www.sec.gov/Archives/edgar/data/0001736297/000173629726000044/q326exhibit991.htm?ref=bullished.co), up 154% from a year earlier and 49% from the second quarter. The company said Tuesday that its Scorpio fabric switches became its largest product family by revenue.

## Profit climbs with sales

Net income under standard accounting was $182.9 million, or $0.99 per diluted share. On an adjusted basis, which strips out stock-based pay and other items, it was $243.4 million, or $1.32 per share.

Operating income reached $179.1 million, a 30.6% margin, and the adjusted operating margin was 44.7%. Gross margin was 72.3%.

CEO Jitendra Mohan said growth was "broad-based" and "led by Scorpio, which ramped to high-volume production." The company pointed to volume production of its Scorpio X-Series 320-lane fabric switch.

The balance sheet held $1.17 billion in marketable securities at September 30, 2026, on top of $209.4 million in cash and cash equivalents.

## A fourth-quarter forecast above $730 million

For the fourth quarter, Astera Labs forecast revenue of $730 million to $750 million. It guided adjusted earnings of about $1.62 to $1.66 per diluted share, and standard-accounting earnings of about $1.13 to $1.17 per share.

The company expects gross margin of about 72%. It put adjusted operating expenses at about $194 million to $200 million.

Astera Labs sells retimers, Ethernet modules, memory controllers and switches, managed with its COSMOS software. According to its annual report, its top three end customers made up about 86% of 2025 revenue.

## New products on the calendar

Aries 7, a PCIe 7 signal-conditioning portfolio, is expected to begin sampling to select hyperscale, equipment-maker and near-packaged-optics customers in the fourth quarter of 2026.

Orion, a rack-scale reference architecture of six reference designs aimed at neocloud and enterprise AI inference, is on track to reach customers through OEM and ODM partners beginning in the first quarter of 2027\. The company also expanded its Leo memory controller family with Leo X-Series and Leo 2.

Management hosted its earnings call Tuesday at 1:30 p.m. Pacific Time to walk through the quarter and the outlook.

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### Sources

- [8-K Filing — Astera Labs, Inc. (ALAB)](https://www.sec.gov/Archives/edgar/data/0001736297/000173629726000044/alab-20261103.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit q326exhibit991.htm — Astera Labs, Inc. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001736297/000173629726000044/q326exhibit991.htm?ref=bullished.co) — SEC EDGAR