Astera Labs 3Q 2026: Revenue $584.9M, Net income $182.9M, EPS $0.99— 10-Q Summary

What happened

Astera Labs reported third-quarter 2026 revenue of $584.9 million, up 154% from a year earlier. Net income rose 101% to $182.9 million, and diluted earnings per share, or profit allocated to each share, increased to $0.99 from $0.50. Higher shipments and selling prices contributed to revenue growth.

Confirmed

Global impact / market context

The results show that increased shipments and higher average selling prices are lifting sales and profit. If those drivers persist, they could support further revenue growth, while expanded research and development spending and headcount mean the company is also investing more to develop products and serve infrastructure demand.

Analyst inference

The article links growth to shipments of Scorpio, Aries and Taurus products, and says higher hardware-module and Scorpio sales raised average selling prices. It also reports deployment across major AI platforms, but gives no product-level revenue or customer concentration figures to quantify that exposure.

Analyst inference

What to watch

1. Watch whether shipments of Scorpio, Aries and Taurus products continue to increase; the article identifies rising shipments as a contributor to revenue growth, but gives no product-specific figures. Analyst inference
2. Check whether average selling prices remain higher as the mix of hardware modules and Scorpio products changes, since the article links that mix to higher prices. Analyst inference
3. Track research and development spending, headcount and management’s stated expectation that current resources will fund operations beyond 12 months, as these shape costs and cash needs. Confirmed

Evidence

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