Astera Labs stock slips 5.25% from latest report quote

Astera Labs stock traded at 198.50 euros on Lang & Schwarz at 16:07 CET on Thursday, November 12, 2026. That was 5.25 percent below the 209.50-euro quote in the latest AD HOC NEWS report published on Wednesday, November 11, at 13:03 CET; this is a report-to-report comparison, not a daily exchange close.

Record quarter led by Scorpio

Astera Labs reported its third-quarter fiscal 2026 results on Tuesday, November 3, for the period ended September 30. In a Financial Times company announcement republishing GlobeNewswire, the company reported revenue of 584.9 million US dollars, up 49 percent from the previous quarter and 154 percent from a year earlier.

Scorpio fabric switches became Astera Labs' largest product family by revenue as the Scorpio X-Series 320-lane switch reached volume production. GAAP net income was 182.9 million US dollars, or 0.99 US dollars per diluted share. The company also reported non-GAAP net income of 243.4 million US dollars and non-GAAP diluted earnings of 1.32 US dollars per share.

Fourth-quarter targets raise pressure

Management expects fourth-quarter revenue of 730 million to 750 million US dollars for the period ending December 31. The midpoint implies 27 percent sequential growth from the third quarter. The outlook includes GAAP diluted earnings of 1.13 to 1.17 US dollars per share and non-GAAP diluted earnings of 1.62 to 1.66 US dollars.

Astera Labs expects gross margin of about 72 percent under both reporting measures. Non-GAAP operating expenses are guided to 194 million to 200 million US dollars, while non-GAAP operating margin is expected at about 45 percent. The company said growth should come from further Scorpio expansion, Aries PCIe Gen 6 retimers and Taurus 800-gigabit solutions.

Portfolio expansion broadens next steps

Aries 7 products are expected to begin sampling with selected hyperscale, original equipment manufacturer and near-packaged-optics customers in the fourth quarter. Orion rack reference and system designs are on track to become available through original equipment and design partners in the first quarter of 2027.

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