Astera Labs Q1 Revenue Jumps 93% YoY to $308.4 Million, Raises Q2 Outlook
ALAB•Astera Labs reported record Q1 revenue of $308.4 million, up 14% sequentially and 93% year-over-year, with GAAP gross margin of 76.3% and non-GAAP EPS of $0.61. It launched its Scorpio X-Series 320-lane AI fabric switch and raised Q2 revenue guidance to $355–$365 million.
1. Record Q1 Financial Results
Astera Labs reported first quarter revenue of $308.4 million, a 14% sequential and 93% year-over-year increase, with GAAP gross margin at 76.3% and non-GAAP operating margin at 36.2%. GAAP net income reached $80.3 million (EPS $0.44) while non-GAAP net income was $110.1 million (EPS $0.61).
2. Product Launches and Portfolio Expansion
In Q1, the company launched its Scorpio X-Series 320-lane AI fabric switch and expanded the Scorpio P-Series PCIe 6 portfolio to support 32–320 lanes. It also contributed to the UALink 2.0 specification and showcased connectivity solutions across merchant GPU platforms, with shipments set to ramp in H2 2026 and into 2027.
3. Second Quarter Outlook
For Q2, Astera Labs raised revenue guidance to $355–$365 million with GAAP gross margin of approximately 73% and projected non-GAAP EPS of $0.68–$0.70. The guidance reflects ongoing investments in rack-scale AI technologies and growing design engagements with key customers.
