Acts of Evolution

BRIEFINGS · Chips and AI hardware

Astera Labs reports record revenue of $392.4 million and guides to $540 million to $560 million

Astera Labs, which makes connectivity chips for AI data-center racks, reported record revenue and guided to a much larger third quarter.

Event date: · Published

On 4 August 2026 Astera Labs, a US maker of connectivity chips for AI data-center racks, announced preliminary financial results showing record second-quarter revenue of $392.4 million, up 27% from the prior quarter and 104% from a year earlier. It guided third-quarter revenue to $540 million to $560 million. Its CEO said Scorpio fabric switches would become the company's largest product family in the third quarter, one quarter ahead of earlier expectations. The release describes the quarter as growth across both AI fabrics and signal conditioning. On the call the CEO said spending on AI infrastructure had continued to accelerate. GAAP operating income was $89.2 million and GAAP net income was $153.1 million. The release's income statement shows $13.6 million of interest and other income and a $50.3 million income tax benefit between the two.

What this doesn't prove

Company statements: the release calls these preliminary results. The outlook is a forecast, and the comment that AI infrastructure spending kept accelerating is from the call. GAAP operating income was $89.2 million and GAAP net income was $153.1 million. The release's income statement shows $13.6 million of interest and other income and a $50.3 million income tax benefit between the two.

Next fixture

  • Whether third-quarter revenue lands in the $540 million to $560 million range.

Sources

Every figure above comes from these sources. Every briefing is checked against its sources before it publishes. Nothing here is a recommendation to buy or sell anything, and this is not investment advice. See the disclosures.

On the map

Astera Labs

Open the map