NASDAQ$ALAB
Astera Labs Inc · Q1 2026 earnings
Q1 2026 earnings · · After market close
Briefing
Astera Labs reported Q1 2026 revenue of $308.4M and net income of $80.3M, with diluted EPS of $0.44.
Astera Labs delivered Q1 2026 revenue of $308.4 million, up 93% from $159.4 million a year ago, driven by Scorpio, Aries, and Taurus connectivity products for cloud and AI infrastructure. Net income was $80.3 million versus $31.8 million; diluted EPS was $0.44 versus $0.18. Gross margin expanded 136 bps to 76.3% and operating income reached $61.8 million.
- Revenue of $308.4M (+93% YoY) on strong hyperscaler demand.
- Net income $80.3M; operating income $61.8M (+448% YoY).
- Gross margin 76.3%; R&D spend $125.6M to support product roadmap.
- Income tax benefit of $6.9M from valuation allowance and credits.
- Cash and investments support continued scale of AI connectivity platform.
Headline financials
Revenue & EPS history
Astera Labs Inc · Revenue · Quarterly
$308M
Forward guidance
The 10-Q highlights hyperscaler design wins and product mix but does not provide numeric forward revenue or EPS guidance.
Tailwinds
- Scorpio switch and retimer demand driving volume and ASP mix.
- Operating leverage on 93% revenue growth.
Headwinds
- Heavy R&D and customer concentration in cloud capex cycles.
- Unrealized loss on marketable securities in OCI.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports · overlaid with Q1 2026
-4.1%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+12.3%
Avg return
30 days after
13%
1 / 8 earnings
Positive
+1.5%
Q3 2025
Best reaction
-21.4%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.8% | -4.2% | +46.2% | |
| Q4 2025 | -21.4% | -29.3% | -34.2% | |
| Q3 2025 | +1.5% | -3.1% | -10.1% | |
| Q2 2025 | -1.7% | +30.0% | +36.3% | |
| Q1 2025 | -1.1% | -1.3% | +25.7% | |
| Q3 2024 | -4.1% | +36.7% | +58.7% | |
| Q2 2024 | -3.0% | -6.6% | -4.8% | |
| Q1 2024 | -2.5% | -10.3% | -19.3% |
Discussion
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