Astera Labs Q2 FY26 GAAP net income more than doubles to $153.09 million; revenue more than doubles to $392.4 million - ALAB News | RalliesAstera Labs Q2 FY26 GAAP net income more than doubles to $153.09 million; revenue more than doubles to $392.4 million
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ALAB• Q2 FY2026 results
- Astera Labs posted Q2 FY2026 revenue of $392.4 million, up 27% quarter-over-quarter and more than doubled year-over-year.
- GAAP net income rose to $153.1 million, or $0.83 per diluted share; GAAP operating income climbed to $89.2 million.
- GAAP gross margin was 73.3%, while non-GAAP operating income increased to $153.5 million with a 39.1% margin.
Outlook and product update
- Management expects Scorpio fabric switches to become the largest product family in Q3 on the Scorpio X-Series 320-lane production ramp.
- Q3 guidance calls for revenue of $540 million to $560 million, with GAAP diluted EPS of about $0.87 to $0.92.
