Astera Labs (ALAB.US) Q3 results and guidance beat expectations; Scorpio jumps to become the largest product line by revenue

Zhitong Finance APP has learned that semiconductor company Astera Labs (ALAB.US) released its fiscal 2026 third-quarter report after the U.S. market close on November 3: revenue was $584.9 million, a record for a single quarter, up 154% year over year and 49% quarter over quarter, above the market expectation of about $550 million and also above the upper end of the company's previous guidance range of $540 million to $560 million; non-GAAP earnings per share were $1.32, above the market expectation of about $1.19; GAAP earnings per share were $0.99. Non-GAAP gross margin was 72.4%, and non-GAAP operating margin was 44.7%.