Astera Labs Stock Shoots Higher After Q2 Earnings — Here's Why - Benzinga

Astera Labs reported quarterly adjusted earnings of 80 cents per share, which beat the Street’s 69 cent estimate, according to Benzinga Pro data.

Quarterly revenue came in at $392.4 million, which beat the consensus estimate of $360.72 million.

Non-GAAP gross margin was 73.7%, and non-GAAP operating margin was 39.1% for the quarter.

“Astera Labs delivered outstanding Q2 2026 results, with record revenue of $392.4 million, up 27% sequentially and 104% year-over-year, driven by broad-based strength across our portfolio, including record quarterly revenue for our Aries product line,” said Jitendra Mohan, Astera Labs’ CEO.

ALAB Stock Price Activity: According to data from Benzinga Pro, Astera Labs stock was up 5.07% to $380.01 in Tuesday’s extended trading.

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