Astera Labs' revenue surges to $585M in 3Q26, driven by high-value Scorpio switches.

Astera Labs reported rapid revenue growth, reaching $585 million in the third quarter of 2026, up from $308 million in the first quarter. This growth is fueled by a shift from Aries retimers to higher-value Scorpio switches, which deliver over $1,000 content per accelerator. The company projects fourth-quarter revenue around $740 million with a gross margin near 72%, reflecting strong demand and evolving product mix. Management is optimistic about continued growth and new opportunities in optical, custom silicon, and rack-level solutions.

Astera Labs shares rose 14.04% on Pluang as of Nov 09, 2026 23:41 WIB, trading at USD 217.49. The stock's market cap is $33.33 billion with a volume of 6,656,937. Investors hold ALAB for an average of 11 days on the platform.