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How Astera Labs (ALAB) makes money
Astera Labs (ALAB) made $585M of revenue in the third quarter 2026 (Q3 2026), +154% from a year earlier. Of every dollar of revenue, 72¢ was left as gross profit, 31¢ was left as operating profit, 31¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $585M | 100.0% |
| Cost of revenue | $162M | 27.7% |
| Gross profit | $423M | 72.3% |
| Operating expenses | $244M | 41.7% |
| Operating profit | $179M | 30.6% |
| Income tax | $9.1M | 1.6% |
| Net earnings | $183M | 31.3% |
| Operating cash flow | $179M | 30.6% |
| Free cash flow | $134M | 22.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $585M | +154% |
| Q2 2026 | $392M | +104% |
| Q1 2026 | $308M | +93% |
| Q4 2025 | $271M | +92% |
| Q3 2025 | $231M | +104% |
| Q2 2025 | $192M | +150% |
| Q1 2025 | $159M | +144% |
From Astera Labs' 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Astera Labs make money?
Astera Labs (ALAB) made $585M of revenue in the third quarter 2026 (Q3 2026), +154% from a year earlier. Of every dollar of revenue, 72¢ was left as gross profit, 31¢ was left as operating profit, 31¢ was left as net earnings.
What is Astera Labs' profit margin?
Net earnings were $183M, 31.3% of revenue, in the third quarter 2026; the operating margin was 30.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.