Filing Flows › Astera Labs (ALAB) › Q2 2026 › vs Q1 2026
Astera Labs (ALAB) Q2 2026 vs Q1 2026 (quarter over quarter)
Astera Labs's revenue rose $84.0M (+27%) from $308M in Q1 2026 to $392M in Q2 2026. Gross margin 73.3% against 76.3% (-3.0 pts).
Astera Labs, Q2 2026: revenue $392M (+104% year over year), operating margin 22.7%, net earnings $153M, operating cash flow $87.7M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 73.3% | 76.3% | -3.0 pts |
| Operating margin | 22.7% | 20.1% | +2.7 pts |
| Net margin | 39.0% | 26.0% | +13.0 pts |
| Free cash flow margin | 17.1% | 21.7% | -4.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $392M | $308M | $84.0M | +27% |
| Gross profit | $288M | $235M | $52.4M | +22% |
| Cost of revenue | $105M | $73.2M | $31.6M | +43% |
| Other income, net | $13.6M | $11.6M | $2.0M | +17% |
| Operating profit | $89.2M | $61.8M | $27.4M | +44% |
| Operating expenses | $198M | $173M | $25.0M | +14% |
| Pre-tax earnings | $103M | $73.4M | $29.4M | +40% |
| Research & development | $136M | $126M | $10.3M | +8% |
| Sales & marketing | $26.4M | $21.9M | $4.5M | +20% |
| General & admin | $36.0M | $25.8M | $10.3M | +40% |
| Income tax benefit | $50.3M | $6.9M | $43.4M | +629% |
| Net earnings | $153M | $80.3M | $72.8M | +91% |
| Depreciation & amortization | $3.9M | $3.7M | $219K | +6% |
| Share-based compensation | $64.0M | $48.9M | $15.1M | +31% |
| Working capital & other | $133M | $58.3M | $75.0M | +129% |
| Operating cash flow | $87.7M | $74.6M | $13.1M | +18% |
| Free cash flow (OCF − capex) | $67.2M | $67.0M | $198K | +0.3% |
| Capital expenditures | $20.5M | $7.6M | $12.9M | +170% |
Questions
How much did Astera Labs's revenue grow quarter over quarter in Q2 2026?
Astera Labs's revenue rose $84.0M (+27%) from $308M in Q1 2026 to $392M in Q2 2026. Gross margin 73.3% against 76.3% (-3.0 pts).