Astera Labs beats Q4 revenue estimates

Astera Labs,

10/02/2026 21:14

Overview

Semiconductor connectivity firm's Q4 revenue rose 17% QoQ, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company appointed Desmond Lynch as new CFO, effective March 2, 2026

Outlook

Astera Labs estimates Q1 2026 revenue between $286 mln and $297 mln

Company expects Q1 2026 GAAP gross margin of approximately 74%

Astera Labs anticipates Q1 2026 GAAP EPS of $0.36 to $0.38

Result Drivers

INTELLIGENT CONNECTIVITY PLATFORM - Co attributed revenue growth to expanding market opportunity for its platform, supporting multiple product lines and protocols

SCORPIO X-SERIES - Co started production ramp of Scorpio X-Series solutions and expanded roadmap to support next-gen networking applications

ISRAEL DESIGN CENTER - Co opened new design center in Israel to support growing demand for AI connectivity solutions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$270.60 mln
$249.47 mln (17 Analysts)
Q4 Adjusted EPS
Beat
$0.58
$0.51 (18 Analysts)
Q4 Adjusted Net Income
Beat
$104.80 mln
$92.74 mln (16 Analysts)
Q4 Net Income
$45 mln
Q4 Gross Margin
75.60%
Q4 Adjusted Operating Income
Beat
$108.90 mln
$99.80 mln (17 Analysts)
Q4 Adjusted Gross Margin
75.70%
Q4 Operating Income
$67 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Astera Labs Inc is $207.50, about 10.6% above its February 9 closing price of $187.67

The stock recently traded at 79 times the next 12-month earnings vs. a P/E of 93 three months ago

Press Release: ID:nGNXbCnwLm

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)