Quarterly ResultMay 5, 2026, 04:18 PM
Astera Labs Q1 Revenue $308.4M, Up 93% YoY; EPS $0.44
AI Summary
Astera Labs reported record financial results for the first quarter of fiscal year 2026, with revenue growing 93% year-over-year to $308.4 million, driven by strong demand for its PCIe 6 portfolio. The company also announced the launch and initial shipments of its new Scorpio X-Series 320-lane AI fabric switch and expanded its Scorpio P-Series PCIe 6 switch family. For the second quarter of fiscal 2026, Astera Labs projects revenue between $355 million and $365 million, with non-GAAP diluted EPS of $0.68 to $0.70.
Key Highlights
- Q1 2026 revenue reached a record $308.4 million, up 93% year-over-year.
- GAAP diluted net earnings per share was $0.44 for Q1 2026.
- Non-GAAP diluted net earnings per share was $0.61 for Q1 2026.
- GAAP gross margin for Q1 2026 was 76.3%.
- Launched and began shipping Scorpio X-Series 320-lane AI Fabric switch.
- Expanded Scorpio P-Series PCIe 6 switch family to support 32 to 320 lanes.
- Q2 2026 revenue outlook is $355 million to $365 million.
- Q2 2026 non-GAAP diluted EPS outlook is $0.68 to $0.70.