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Astera Labs, Inc. (ALAB)
NASDAQ:ALAB
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.54Last Year’s EPS
0.33Same Quarter Last Year
Strong Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong operational and financial momentum: large revenue and unit growth across multiple product families (Scorpio, Ares, Taurus), robust margins, a healthy cash position, major hyperscaler engagements (including a warrant tied to up to $6.5B) and strategic partnerships (CXL on Azure). Management is accelerating R&D and hiring to capture an expanded TAM and new markets (optical, custom connectivity), accepting near-term OpEx increases to support long-term revenue opportunities. Primary negatives are a material step-up in operating expenses, modest near-term margin pressure from hardware mix and warrant accounting, and multi-year timing/technology adoption risks (UA Link vs ESON, optical adoption around 2028). Overall, highlights substantially outweigh lowlights given the magnitude of revenue growth, cash balance, and product traction.Company Guidance
Strong Revenue Growth (Q4 and FY2025)
Q4 revenue of $270.6M, up 17% sequentially and up 92% year-over-year; full-year 2025 revenue of $852.5M, up 115% versus prior year.
Broad Product Momentum — Scorpio, Ares, Taurus
Scorpio P Series exceeded management's target (broke above 15% of revenue for the year) and continued volume ramp; Scorpio X shipped pre-production units with initial customer shipments expected in 2026 and volume ramps in 2027 (10+ customer engagements). Ares portfolio grew nearly 70% year-over-year in 2025 with PCIe Gen6 DSP retimers shipping in high volume. Taurus grew more than fourfold year-over-year driven by 400G designs.
High Non-GAAP Gross Margin and Profitability
Q4 non-GAAP gross margin of 75.7% (only down 70 bps QoQ) and non-GAAP operating margin of 40.2%; Q4 non-GAAP diluted EPS of $0.58.
Strong Cash Generation and Balance Sheet
Q4 cash flow from operations of $95.3M and ending cash, cash equivalents and marketable securities of $1.19B, providing runway for reinvestment.
Significant Customer & Strategic Engagements
Announced partnership/programs including Microsoft/Intel/SAP to evaluate CXL memory expansion on Azure M Series (industry-first CXL attached memory deployment) with initial production volumes expected in 2026; 8-K and a warrant agreement filed with Amazon tied to up to $6.5B of product purchases, demonstrating deep hyperscaler relationships.
TAM Expansion and Long-Term Opportunity
Company estimates served addressable market will expand more than 10x to $25B over next five years; management projects merchant scale-up switching TAM around $20B by 2030 and aspires to capture a meaningful portion of it.
Strategic Investments in Engineering and Capabilities
Expansion of global engineering including an advanced design center in Israel, XScale acquisition and AQUI hire to accelerate AI fabric, optical and custom connectivity development.
Q1 2026 Growth Guidance
Q1 revenue guidance $286M–$297M (up ~6%–10% vs Q4), non-GAAP gross margin guidance ~74%, and EPS guidance $0.53–$0.54, indicating continued near-term growth visibility.
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
ALAB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | $182.86 | $143.71 | -21.41% |
Nov 04, 2025 | $179.31 | $181.94 | +1.47% |
Aug 05, 2025 | $135.54 | $174.39 | +28.66% |
May 06, 2025 | $71.36 | $71.09 | -0.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Astera Labs, Inc. (ALAB) report earnings?
Astera Labs, Inc. (ALAB) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Astera Labs, Inc. (ALAB) earnings time?
Astera Labs, Inc. (ALAB) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALAB EPS forecast?
ALAB EPS forecast for the fiscal quarter 2026 (Q1) is 0.54.