Astera Labs, Inc. Common Stock (ALAB)

Astera Labs beat expectations on both the top and bottom line in the third fiscal quarter of 2026, reported November 3, 2026, with results based on preliminary figures: revenue rose 153.7% year over year to roughly $584.9 million (up from about $230.6 million a year ago) and topped the $550.8 million estimate (+6.2%), while adjusted EPS of $1.32 (up from $0.49 a year ago) topped the $1.19 estimate (+10.9%). Profitability stayed elevated alongside the growth, with gross margin at about 72% on gross profit of roughly $422.8 million and operating margin at around 31% on operating income of about $179.1 million. Net income increased 100.8% to roughly $182.9 million versus about $91.1 million a year ago, and the quarter generated operating cash flow of about $179.2 million. For the next period, consensus calls for EPS of $1.42 on revenue of $656.3 million.