Astera Labs (ALAB.US) Q3 results and guidance exceed expectations; Scorpio rises to become the largest revenue-generating product line

Astera Labs (ALAB.US), a semiconductor company, announced its Q3 2026 financial report after the U.S. stock market closed on November 3, according to Zhitong Finance APP: Revenue reached $584.9 million, setting a single-quarter record with a year-on-year increase of 154% and a quarter-on-quarter growth of 49%. This exceeded market expectations of approximately $550 million and surpassed the company's previous guidance range upper limit of $540 million to $560 million. Non-GAAP earnings per share were $1.32, higher than the market expectation of about $1.19; GAAP earnings per share were $0.99. The non-GAAP gross margin stood at 72.4%, with a non-GAAP operating margin of 44.7%.