Astera Labs, Inc. Common Stock · ALAB · FY2026 Q3 · Calendar Q4 2026
Astera Labs posts record Q3 as Scorpio X tops $1B run rate
Record Q3 growth and a rapidly scaling Scorpio X-Series support Astera Labs’ growth trajectory, while capacity constraints and execution across newer products temper the outlook. Continued demand and successful product ramps are important evidence to monitor.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Q3 revenue reached a record, and Scorpio X-Series became the largest product family, surpassing P-Series in revenue. Management highlighted new Aries 7, Leo and Orion offerings, while describing a strong design-win pipeline. This extends the prior quarter’s focus on Scorpio X’s rapid ramp and a broader connectivity roadmap.
Guidance delta
Management maintained its growth outlook and guided to Q4 revenue of $730–$750 million, which it said implies continued high-single-digit sequential growth.
Key takeaways
- Q3 revenue was $584.9 million, up 154% year over year; non-GAAP operating margin expanded to 44.7%.
- Scorpio X-Series exceeded a $1 billion annualized run rate in Q3 and is now the largest product family by revenue.
- Aries 7, Leo, Orion and optical programs broaden the product roadmap, but several contributions remain future-facing.
Management priorities
- Scale Scorpio X-Series and support customer adoption of new connectivity generations.
- Develop Orion rack-scale designs and expand memory-controller and optical programs.
- Manage capacity needs while broadening custom silicon and connectivity offerings.
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Try FN2 freeCompany context
Snapshot as of publicationAstera Labs, Inc. develops, produces, and markets semiconductor-based connectivity solutions for cloud computing and artificial intelligence infrastructure. Its core offering, the Intelligent Connectivity Platform, comprises a comprehensive portfolio of data, network, and memory connectivity products. These are unified by a software-defined architecture, which empowers customers to seamlessly deploy and operate high-performance cloud and AI systems at scale. Established in 2017, the company is headquartered in Santa Clara, California.
Technology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| PCOR Procore Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +19.7% | Procore pairs faster Q3 growth with AI expansion and higher FY26 outlook |
| CDW CDW Corporation | FY2026 Q3 · Calendar Q4 2026 | — | +12.7% | CDW raises FY2026 outlook as AI infrastructure demand lifts Q3 sales |
| FIS Fidelity National Information Services, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -23.7% | FIS grows recurring revenue, but lowers 2026 outlook amid execution delays |
| DDOG Datadog, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -14.4% | Datadog Q3: 35% growth and broader AI adoption, with renewal timing risks |
| UBER Uber Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +4.9% | Uber reports strong Q3 bookings and cash flow, with driver supply a constraint |
| JKHY Jack Henry & Associates, Inc. | FY2027 Q1 · Calendar Q4 2026 | +10.1% | +10.8% | Jack Henry Raises FY2027 Outlook as Core and Digital Demand Strengthens |
Latest beats and misses
Who reports nextBeat on EPS
- UNMAFY2026 Q3 · November 3, 2026+1.9% EPS+0.5% move
- UNMFY2026 Q3 · November 3, 2026+1.9% EPS-17.8% move
- IFFFY2026 Q3 · November 3, 2026+2.1% EPS-4.9% move
- JKHYFY2027 Q1 · November 3, 2026+10.1% EPS+10.8% move
- HL-PBFY2026 Q3 · November 3, 2026+54.0% EPS— move
- SUFY2026 Q3 · November 3, 2026+20.9% EPS-4.5% move
Missed on EPS
- OCFY2026 Q3 · November 4, 2026-20.5% EPS+8.5% move
- OHIFY2026 Q3 · November 3, 2026-42.5% EPS+3.5% move
- MOSFY2026 Q3 · November 3, 2026-1656.0% EPS+17.4% move
- OVVFY2026 Q3 · November 3, 2026-2.0% EPS-5.1% move
- BSACFY2026 Q3 · October 30, 2026-20.0% EPS-3.0% move
- TXFY2026 Q3 · November 3, 2026-24.9% EPS-0.0% move
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Sources
- Earnings call transcript and parsed analysis · 2026-11-04T15:06:08.168596+00:00
- FN2 earnings calendar · 2026-11-04T01:23:13.345574+00:00
- Polygon adjusted daily market bars · 2026-11-05T01:00:42.847426+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-05T01:00:42.844527+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-05. For educational purposes only; not investment advice.