Every 10-Q that Astera Labs (ALAB) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ALAB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ALAB filings page.
Astera Labs, a semiconductor company focused on cloud and AI connectivity, reported rapid year-over-year growth in Q2 2026. Revenue was $392.4 million, up 104% from Q2 2025, and first-half revenue reached $700.8 million, up 99%. GAAP gross margin remained high at 73.3%, though down 250 basis points from a year earlier due to a greater mix of lower-margin hardware modules and warrant-related revenue reductions.
Operating income rose to $89.2 million in Q2 and $151.1 million for the first half, while net income increased to $153.1 million in Q2 and $233.4 million year-to-date, supported by a $50.3 million Q2 income tax benefit tied to equity compensation and tax credits. Cash, cash equivalents, and marketable securities totaled $1.3 billion, with $162.3 million of operating cash flow in the first half. The company completed a $74.0 million technology acquisition adding $68.4 million of goodwill and continues to invest heavily in R&D and headcount, while revenue remains concentrated in China, Singapore and Taiwan and among a small number of large customers.
Astera Labs delivered a very strong first quarter of 2026, combining rapid growth with high profitability. Revenue reached $308.4 million, up 93% from $159.4 million a year earlier, driven by higher demand and a richer mix of Scorpio, Aries, and Taurus products.
Gross margin improved to 76.3%, supported by favorable product mix. Operating income rose to $61.8 million, a 448% increase, and net income grew to $80.3 million, up 152% year over year. The company generated $74.6 million of operating cash flow and ended the quarter with $1.2 billion in cash, cash equivalents, and marketable securities, while total liabilities remained modest at $165.3 million.
Astera completed a $74.0 million acquisition of a data center acceleration business, adding technology and workforce and increasing goodwill to $87.7 million. Customer concentration remains high, with five customers each contributing at least 12% of revenue, primarily in Taiwan, Singapore, and China.
Astera Labs (ALAB) reported strong Q3 2025 results. Revenue rose to $230.6 million, up 104% year over year, as higher unit shipments and a richer mix of modules and Scorpio products drove growth. Gross margin was 76.2% versus 77.7% a year ago, reflecting product mix. Operating income reached $55.4 million, and an income tax benefit contributed to net income of $91.1 million (diluted EPS $0.50), compared with a loss last year.
For the first nine months, revenue was $581.9 million (up 128%) with net income of $174.2 million. Cash and cash equivalents were $140.4 million and marketable securities were $994.0 million as of September 30, 2025. Q3 revenue was led by Singapore ($95.6 million), China ($77.4 million), and Taiwan ($37.7 million). Non-GAAP results highlighted operating margin of 41.7% and net income of $88.2 million. Shares outstanding were 168,903,616 as of October 31, 2025. Management noted higher headcount and R&D investments, while the One Big Beautiful Bill Act drove a tax benefit that reduced current U.S. cash taxes.