Filing Flows › Astera Labs (ALAB) › Q2 2026
Astera Labs (ALAB) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Astera Labs (ALAB) reported revenue of $392M for the second quarter 2026 (Q2 2026), +104% from a year earlier and +27% from the quarter before. Operating margin was 22.7%, net earnings $153M (39.0% of revenue).
Astera Labs, Q2 2026: revenue $392M (+104% year over year), operating margin 22.7%, net earnings $153M, operating cash flow $87.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $392M | +27% | +104% |
| Gross profit | $288M | +22% | +98% |
| Operating profit | $89.2M | +44% | +124% |
| Net earnings | $153M | +91% | +199% |
| Operating cash flow | $87.7M | +18% | -35% |
| Free cash flow | $67.2M | +0.3% | -50% |
What changed
Revenue was $392.4M in Q2 2026, up 104% year over year and up 27% from the previous quarter.
Gross margin was 73.3%, down 2.6 points from Q2 2025. Operating profit was $89.2M, a 22.7% margin (up 2.0 points year over year). Of the extra revenue versus Q2 2025, 25% reached operating profit, above the 21% margin then. Operating expenses grew 87% against revenue growth of 104%. The fastest-growing cost line was Research & development (+104%). Net earnings were $153.1M, up 199% year over year. The effective tax rate was -48.9%.
Operating cash flow was $87.7M (down 35% year over year), 57% of net earnings. Non-cash charges added back $3.9M of depreciation and amortization and $64.0M of share-based compensation. Working capital and other items used $133.3M. Capital expenditures of $20.5M left free cash flow of $67.2M.
Questions
What was Astera Labs' revenue in the second quarter 2026?
Astera Labs (ALAB) reported revenue of $392M for the second quarter 2026 (Q2 2026), +104% from a year earlier and +27% from the quarter before.
Was Astera Labs profitable in the second quarter 2026?
Operating profit was $89.2M (22.7% of revenue) and net earnings $153M.
Source: Astera Labs 10-Q on SEC EDGAR.