Filing Flows › Astera Labs (ALAB) › Q3 2026 › vs Q3 2025
Astera Labs (ALAB) Q3 2026 vs Q3 2025 (year over year)
Astera Labs's revenue rose $354M (+154%) from $231M in Q3 2025 to $585M in Q3 2026. Gross margin 72.3% against 76.2% (-4.0 pts).
Astera Labs, Q3 2026: revenue $585M (+154% year over year), operating margin 30.6%, net earnings $183M, operating cash flow $179M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 72.3% | 76.2% | -4.0 pts |
| Operating margin | 30.6% | 24.0% | +6.6 pts |
| Net margin | 31.3% | 39.5% | -8.2 pts |
| Free cash flow margin | 22.9% | 28.6% | -5.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $585M | $231M | $354M | +154% |
| Gross profit | $423M | $176M | $247M | +140% |
| Cost of revenue | $162M | $54.8M | $107M | +196% |
| Other income, net | $13.0M | $11.5M | $1.5M | +13% |
| Operating profit | $179M | $55.4M | $124M | +223% |
| Operating expenses | $244M | $120M | $123M | +102% |
| Pre-tax earnings | $192M | $66.9M | $125M | +187% |
| Research & development | $171M | $78.9M | $92.0M | +117% |
| Sales & marketing | $37.4M | $19.4M | $18.1M | +93% |
| General & admin | $35.3M | $22.1M | $13.2M | +60% |
| Net earnings | $183M | $91.1M | $91.8M | +101% |
| Income tax | $9.1M | −$24.3M | $33.3M | — |
| Depreciation & amortization | $5.0M | $1.5M | $3.6M | +244% |
| Share-based compensation | $82.6M | $40.7M | $41.9M | +103% |
| Working capital & other | $91.4M | $55.1M | $36.2M | +66% |
| Operating cash flow | $179M | $78.2M | $101M | +129% |
| Free cash flow (OCF − capex) | $134M | $65.9M | $68.0M | +103% |
| Capital expenditures | $45.3M | $12.3M | $33.0M | +269% |
Questions
How much did Astera Labs's revenue grow year over year in Q3 2026?
Astera Labs's revenue rose $354M (+154%) from $231M in Q3 2025 to $585M in Q3 2026. Gross margin 72.3% against 76.2% (-4.0 pts).