Astera Labs posts 154% revenue growth in fiscal Q3 on Scorpio switch volumes
Astera Labs reported fiscal third-quarter revenue up 154% year on year, beating analyst expectations, while adjusted earnings per share also topped consensus.
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what happened
US chipmaker Astera Labs, which makes connectivity semiconductors, reported fiscal third-quarter revenue up 154% year on year, according to Reuters. The figure came in above analyst expectations. Adjusted earnings per share also beat consensus, reaching $1.32 against an estimate of $1.19.
The main driver was high-volume production of Scorpio X-Series fabric switches, which have become the company's largest product family. Management also pointed to new design wins across several customers and a wider portfolio that includes Aries 7, Leo 2, Leo X-Series and the Orion rack-scale reference architecture. For the next quarter, the company expects revenue between $730 million and $750 million.
why it matters
Beyond the quarterly numbers, the outlook matters: a projected gross margin of about 72% and GAAP diluted EPS of $1.13 to $1.17 suggest growth is not coming at the cost of profitability. Analysts on average rate the shares a buy, though a sizeable minority recommends holding.
market impact
Astera Labs shares: results above expectations support interest in the stock within the chip sector
- Astera Labs shares pressure up — quarterly results above consensus support investor interest
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sources
- Astera Labs Q3 revenue jumps 154% on Scorpio switch ramp, design wins — Reuters, 3 November 2026 at 21:32 UTC
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