Atlas Research Note

Astera Labs Q3 2026: Scorpio Passes $1 Billion, and 2027 Is About Breadth

Ben Bajarin · November 4, 2026

Creative Strategies earnings read | November 4, 2026 | Astera Labs third-quarter 2026 results and conference call, November 3, 2026 Astera Labs grew revenue 154% from a year ago to $584.9 million, guided the fourth quarter to $740 million at the midpoint, and said its Scorpio switch family is now running above $1 billion a year, with the X-Series scale-up switch now larger than the P-Series for the first time. Operating view: Astera beat its own guidance on revenue and gross margin, and the beat came from the volume ramp of Scorpio X on its lead hyperscaler platform. The fourth-quarter guide of $730 million to $750 million puts 2026 revenue at about $2.0 billion, up roughly 138%, and the exit run rate near $3.0 billion.

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Notes

Astera Labs Q3 2026: Scorpio Passes $1 Billion, and 2027 Is About Breadth

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