Mohan Jitendra sold $30.8M of ALAB

Astera Labs (ALAB) reported Q3 2026 revenue of $584.9M, up 49% sequentially and 154% year-over-year. CEO Jitendra Mohan attributed growth to the Scorpio X-Series expansion. The company projects Q4 revenue of $730M-$750M.

Astera Labs (ALAB) forecasted Q4 revenue of $730M-$750M, up 27% sequentially, with non-GAAP EPS of $1.62-$1.66. The company expects growth from Scorpio, Aries, and Taurus products, and plans new optical and AI solutions. Operating expenses are rising to support customer programs and R&D, with long-term targets of 30% of revenue.

AMD, Super Micro Computer, Arista Networks, Astera Labs, and Nvidia were among stocks gaining attention. AMD reported Q3 revenue of $13.38B, up 45% YoY, and forecasted Q4 revenue of ~$17B. Super Micro Computer saw Q1 2027 revenue of $19.95B, up 297% YoY, and raised full-year outlook. Arista Networks reported Q3 revenue of $3.66B and forecasted Q4 revenue of $3.9B-$4B. Astera Labs reported Q3 revenue of $584.90M, up 154% YoY, and forecasted Q4 revenue of $730M-$750M.

Astera Labs, Inc. (ALAB) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 IR CONTACT: Leslie Green leslie.green@asteralabs.com Astera Labs Reports Third Quarter 2026 Financial Results • Record quarterly revenue of $584.9 million, up 49% QoQ and up 154% year-over-year • Scorpio™ fabric switches became the company's largest product family, l

Astera Labs reported Q3 Non-GAAP EPS of $1.32, exceeding estimates by $0.13. Revenue reached $584.9M, up 153.6% year-over-year and $34.1M above expectations. The company also provided a financial outlook for Q4 of fiscal 2026, according to a press release.

The Nasdaq Composite dropped 3% on Friday, its worst day since June, as investors exited tech stocks. Intel's INTC shares fell over 30% after its Q3 earnings missed estimates. Other semiconductor stocks, including AMD, QCOM, and SNDK, also declined significantly.