EarningsQ2 2026 Earnings Report
MX:ALAB Q2 2026 EPS Results
Actual EPS$13.54
Consensus EPS$11.69
Beat/MissBeat by +$1.84
One Year Ago EPS$7.45
MX:ALAB Q2 2026 Revenue Results
Actual Revenue$6.64B
Expected Revenue$6.11B
Beat/MissBeat by +$533.87M
YoY Revenue Growth+104.45%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
MX:ALAB Upcoming Earnings
Astera Labs, Inc.'s next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:ALAB Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and financial picture: record revenue, rapid transition to PCIe 6, Scorpio X entering volume production ahead of schedule, record Aries performance, meaningful product-roadmap expansion (CXL, optics), and robust profitability and cash. The primary concerns are execution and concentration risk around the Scorpio ramp, elevated near-term operating expenses, and margin variability driven by product mix. Overall, the highlights materially outweigh the lowlights.Company Guidance
Record Revenue and Strong Top-Line Growth
Q2 revenue of $392.4 million, up 27% sequentially and up 104% year-over-year, driven by broad-based strength across product portfolio.
Accelerated PCIe 6 Adoption
PCIe 6 products represented more than 50% of total revenue in Q2, up from roughly one-third in Q1, reflecting rapid adoption of Gen 6 across AI fabric and signal conditioning portfolios.
Scorpio X-Series Volume Production and Rapid Ramp
Scorpio X-Series high-radix fabric switches entered volume production and are expected to become the company's largest product family in Q3 (one quarter ahead of prior expectations); management cites shipments to multiple customers and engagement with over 10 customers for Scorpio X.
Record Performance in Signal Conditioning (Aries)
Aries delivered record quarterly revenue in Q2, fueled by PCIe 6.0 retimer and gearbox adoption across scale-up and scale-out topologies and higher attach rates/ASPs.
Taurus Portfolio Expansion and 800G Momentum
Taurus grew strongly with pre-production shipments of 100G-per-lane smart cable modules for 800G AECs; introduced 3.2T smart retimers/redrivers supporting 200G-per-lane, and management expects the Taurus opportunity to double to over $4 billion by 2030.
CXL Design Wins and Future Ramp
Closed a new design win for the Leo CXL memory controller with a U.S. hyperscaler; expects to ship standard and custom Leo controllers in volume to two U.S. hyperscalers in 2027, signaling renewed CXL momentum.
Strong Profitability and Cash Position
Non-GAAP gross margin of 73.7% (above guidance), non-GAAP operating margin of 39.1% (up 290 bps QoQ), non-GAAP net income of $145.8M, diluted EPS $0.80 ( >30% increase from Q1). Cash, cash equivalents and marketable securities totaled $1.25B, up $68.5M from Q1.
Confident Q3 Guidance Reflecting Continued Momentum
Q3 revenue guidance of $540M–$560M (midpoint implying ~40% sequential growth), expected non-GAAP gross margin ~72%, non-GAAP operating margin ~43% (up 400 bps QoQ), and Q3 EPS $1.16–$1.21, reflecting management confidence in continued scaling.
Optics and Long-Term Product Roadmap
Optical strategy (including aiXscale acquisition) underway with phased plan: high-density fiber-attached solutions targeted for 2027 production, NPO chipsets in 2027, and fully integrated optical Scorpio switches in 2028+, expanding TAM and positioning the company across copper and optical interconnects.
MX:ALAB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed