Astera Labs Q1 2026: Record Revenue, AI Fabric Growth

Astera Labs shatters Q1 FY2026 earnings with $308M revenue, up 14% QoQ and 93% YoY. Non-GAAP EPS at $0.61, exceeding forecasts for AI fabric and signal conditioning products. PCIe Gen6 now contributes over a third of total revenue. New Scorpio switch upgrades offer 320 lanes for AI setups, with in-network compute reducing overhead by up to 2x. Flagship Scorpio X shipments begin, with volume ramps planned for later this year. Wall Street impressed, with analysts focusing on inference shifts and custom wins. AI infrastructure growth expected, driven by strong ROI from hyperscalers like Microsoft Azure. Optical progress includes fiber couplers qualifying for volume in 2027 and UALink/NVLink custom designs secured. XScale acquisition fully integrated, enhancing photonics and design wins. Cash pile at $1.18B, funding aggressive R&D. Sequential growth anticipated in Q2 with $355-365M revenue and $0.68-0.70 EPS. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/54ab4f0fc2e5d2ac