Astera Labs Q3 revenue jumps 154% on Scorpio switch ramp and design wins
ALAB•Astera Labs’ fiscal third-quarter revenue rose 154% year over year to $584.9 million, beating the $550.8 million consensus, while adjusted EPS of $1.32 topped the $1.19 estimate. The company expects fourth-quarter revenue of $730 million to $750 million and GAAP diluted EPS of $1.13 to $1.17.
1. Quarterly results
Astera Labs reported fiscal third-quarter revenue of $584.9 million, up 154% year over year. Adjusted EPS was $1.32, compared with the $1.19 consensus estimate. Net income was $182.9 million, and gross margin was 72.3%.
2. Growth and outlook
The company said growth was led by high-volume production of Scorpio X-Series fabric switches, now its largest product family, alongside design activity and wins across multiple customers and applications. It also cited portfolio expansion, including Aries 7, Leo 2 and Leo X-Series products and its Orion rack-scale reference architecture. Astera Labs forecasts fourth-quarter revenue of $730 million to $750 million, GAAP diluted EPS of $1.13 to $1.17 and GAAP gross margin of about 72%.
