Astera Labs reported record quarterly revenue of $584.9 million, representing 154% year-over-year growth and a significant beat against consensus estimates. The outperformance was primarily driven by the volume production ramp of the Scorpio AI fabric switch portfolio, which has now become the company's largest revenue contributor.
Key Highlights
- Non-GAAP EPS reached $1.32, exceeding the $0.83 analyst estimate by 59%.
- Scorpio fabric switches became the company's largest product family following high-volume production of the X-Series 320-lane switch.
- Fourth quarter 2026 revenue guidance was set between $730 million and $750 million, implying approximately 26% sequential growth at the midpoint.