Astera Labs announced record Q3 2026 revenue of $584.9 million, a 49% increase from the previous quarter and 154% year-over-year growth, led by high-volume production of its Scorpio X-Series fabric switches. The company expanded its product portfolio with new offerings in memory expansion, optical and copper signal conditioning, and rack-scale AI platforms, including Aries 7, Leo 2, Leo X-Series, and Orion. Astera Labs expects continued growth with a Q4 revenue forecast of $730-$750 million and plans to launch new products and rack-scale architectures to support AI infrastructure. These results highlight the company's strong position in the AI connectivity market and its strategy to increase market opportunity through innovation and design wins.
Astera Labs shares trade at USD 231.51 on Pluang as of Nov 04, 2026 04:22 WIB, showing a modest 0.80% gain in the last day. The stock's market cap stands at $39.84 billion with a 52-week range between $100.27 and $483.02. Despite strong quarterly results, Pluang order activity currently shows 100% sell interest, reflecting active portfolio adjustments among investors.
