Astera Labs, Inc. (NASDAQ:ALAB) posted record Q3 2026 revenue of $584.9 million, up 154% year over year, and non-GAAP EPS of $1.32, beating estimates. It forecast Q4 revenue of $730 million to $750 million.
Previous Week Recap
- Record Revenue, Strong Q4 Outlook: Astera Labs (ALAB) posted record Q3 2026 revenue of $584.9 million, up 154% year over year, and non-GAAP EPS of $1.32, beating estimates. Q4 revenue is forecast at $730 million-$750 million. 3 sources
- Mixed Analyst Target Revisions: BMO initiated coverage of Astera Labs (ALAB) at Outperform with a $375 target. Morgan Stanley raised its target to $389; RBC, Evercore, UBS and Susquehanna cut theirs. 2 sources
- Scorpio Shipments Expand: Astera Labs said Scorpio X-Series shipped to two customers across multiple platforms in Q3, with more pre-production shipments expected in Q4. Scorpio P-Series expanded to two U.S. hyperscalers. MarketBeat
- Leo Memory Line Expands: Astera Labs expanded its Leo memory-controller line with X-Series for fabric-attached GPU memory and 2 E- and P-Series for CPU memory expansion. New products support PCIe 6 and CXL 3.2. 2 sources
- Orion Rack-Scale Designs Unveiled: Astera Labs unveiled Orion, a rack-scale architecture with six system designs, including a 320-lane PCIe switch fabric. OEM and ODM partners are expected to offer the designs starting in Q1 2027. 2 sources
- Custom Projects Target 2027 Shipments: Astera Labs (ALAB) reported more than 10 active custom-solution projects across fabric, memory controllers and I/O chiplets. Initial shipments are expected in late 2027, with volume growth in 2028. MarketBeat
- Michael Hurlston Resigns From Board: Astera Labs, Inc. (ALAB) director Michael Hurlston resigned from the company’s board and its committees, effective November 3, 2026. TradingView
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