Filing Flows › Astera Labs (ALAB) › Q1 2026
Astera Labs (ALAB) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Astera Labs (ALAB) reported revenue of $308M for the first quarter 2026 (Q1 2026), +93% from a year earlier and +14% from the quarter before. Operating margin was 20.1%, net earnings $80.3M (26.0% of revenue).
Astera Labs, Q1 2026: revenue $308M (+93% year over year), operating margin 20.1%, net earnings $80.3M, operating cash flow $74.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $308M | +14% | +93% |
| Gross profit | $235M | +15% | +97% |
| Operating profit | $61.8M | -8% | +448% |
| Net earnings | $80.3M | +79% | +152% |
| Operating cash flow | $74.6M | -22% | +610% |
| Free cash flow | $67.0M | -12% | 11× |
What changed
Revenue was $308.4M in Q1 2026, up 93% year over year and up 14% from the previous quarter.
Gross margin was 76.3%, up 1.4 points from Q1 2025. Operating profit was $61.8M, a 20.1% margin (up 13.0 points year over year). Of the extra revenue versus Q1 2025, 34% reached operating profit, above the 7% margin then. Operating expenses grew 60% against revenue growth of 93%. The fastest-growing cost line was Research & development (+95%). Net earnings were $80.3M, up 152% year over year. The effective tax rate was -9.4%.
Operating cash flow was $74.6M (up 610% year over year), 93% of net earnings. Non-cash charges added back $3.7M of depreciation and amortization and $48.9M of share-based compensation. Working capital and other items used $58.3M. Capital expenditures of $7.6M left free cash flow of $67.0M.
Questions
What was Astera Labs' revenue in the first quarter 2026?
Astera Labs (ALAB) reported revenue of $308M for the first quarter 2026 (Q1 2026), +93% from a year earlier and +14% from the quarter before.
Was Astera Labs profitable in the first quarter 2026?
Operating profit was $61.8M (20.1% of revenue) and net earnings $80.3M.
Source: Astera Labs 10-Q on SEC EDGAR.