Astera Labs Q2 FY26 GAAP net income more than doubles to $153.09 million; revenue more than doubles to $392.4 million

• Astera Labs posted Q2 FY2026 revenue of USD 392.4 million, up 27% quarter-over-quarter and more than doubled year-over-year.
• GAAP net income rose to USD 153.1 million, or USD 0.83 per diluted share; GAAP operating income climbed to USD 89.2 million.
• GAAP gross margin was 73.3%, while non-GAAP operating income increased to USD 153.5 million with a 39.1% margin.
• Management expects Scorpio fabric switches to become the largest product family in Q3 on the Scorpio X-Series 320-lane production ramp.
• Q3 guidance calls for revenue of USD 540 million to USD 560 million, with GAAP diluted EPS of about USD 0.87 to USD 0.92.

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