Filing Flows › Astera Labs (ALAB) › Q3 2026
Astera Labs (ALAB) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Astera Labs (ALAB) reported revenue of $585M for the third quarter 2026 (Q3 2026), +154% from a year earlier and +49% from the quarter before. Operating margin was 30.6%, net earnings $183M (31.3% of revenue).
Astera Labs, Q3 2026: revenue $585M (+154% year over year), operating margin 30.6%, net earnings $183M, operating cash flow $179M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $585M | +49% | +154% |
| Gross profit | $423M | +47% | +140% |
| Operating profit | $179M | +101% | +223% |
| Net earnings | $183M | +20% | +101% |
| Operating cash flow | $179M | +104% | +129% |
| Free cash flow | $134M | +99% | +103% |
What changed
Revenue was $584.9M in Q3 2026, up 154% year over year and up 49% from the previous quarter.
Gross margin was 72.3%, down 4.0 points from Q3 2025. Operating profit was $179.1M, a 30.6% margin (up 6.6 points year over year). Of the extra revenue versus Q3 2025, 35% reached operating profit, above the 24% margin then. Operating expenses grew 102% against revenue growth of 154%. The fastest-growing cost line was Research & development (+117%). Net earnings were $182.9M, up 101% year over year. The effective tax rate was 4.7%.
Operating cash flow was $179.2M (up 129% year over year), 98% of net earnings. Non-cash charges added back $5.0M of depreciation and amortization and $82.6M of share-based compensation. Working capital and other items used $91.4M. Capital expenditures of $45.3M left free cash flow of $133.9M.
Questions
What was Astera Labs' revenue in the third quarter 2026?
Astera Labs (ALAB) reported revenue of $585M for the third quarter 2026 (Q3 2026), +154% from a year earlier and +49% from the quarter before.
Was Astera Labs profitable in the third quarter 2026?
Operating profit was $179M (30.6% of revenue) and net earnings $183M.
Source: Astera Labs 10-Q on SEC EDGAR.