Astera Labs reports Q1 revenue up 93% YoY to $308.4M, driven by strong demand for PCIe 6 AI fabric products.

Astera Labs announced record Q1 2026 revenue of $308.4 million, a 93% increase year-over-year and 14% sequential growth, fueled by strong sales of its PCIe 6 AI fabric and signal conditioning products. The company is shipping its new Scorpio X-Series 320-lane AI fabric switch and expanding its Scorpio P-Series PCIe 6 switch family, targeting the growing AI infrastructure market. Astera Labs expects continued growth with a Q2 revenue forecast of $355-$365 million and is investing in advanced AI connectivity solutions to maintain its leadership in rack-scale AI technology.