ALAB Q3 FY2026 earnings: EPS beat by 10.9%, revenue beat by 6.2%
Astera Labs reported Q3 FY2026. EPS came in at $1.32 against a $1.19 consensus, beat by 10.9%. Revenue was $584.9M versus $550.8M expected, beat by 6.2%. Gross margin was 72.3%, down 100 bps from last quarter.
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The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $1.32 | $1.19 | beat by 10.9% |
| Revenue | $584.9M | $550.8M | beat by 6.2% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $584.9M | +49.1% | +153.7% |
| Gross profit | $422.8M | +47.0% | +140.5% |
| Operating income | $179.1M | +100.6% | +223.2% |
| Net income | $182.9M | +19.5% | +100.8% |
| Diluted EPS | $0.99 | +17.9% | +98.0% |
| Gross margin: 72.3%. |
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The trend
Revenue is up 153.7% from the same quarter last year. Gross margin sits at 72.3%, 400 bps off its 8-quarter high.
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How it stacks up
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