Catalyst

ALAB earnings

May 5, 2026

ALAB earnings — 2026-05-05

Astera Labs FY2026 Q1 (period ending 2026-03-31), reported after close 2026-05-05 (10-Q filed 2026-05-06). Actuals backfilled 2026-06-17 from Massive primary financials (not the @demian_ai pointer tweet); growth/margins code-computed.

Metric	Value	Source
Revenue	$308.4M (+93.4% YoY, +14.0% QoQ)	Massive
Gross profit	$235.1M (GAAP GM 76.3%)	Massive
Operating income	$61.8M (GAAP op margin 20.1%)	Massive
Net income	$80.3M (net margin 26.0%)	Massive
EPS diluted (GAAP)	$0.44 ($0.47 basic)	Massive
R&D	$125.6M	Massive

Pointer-only (not primary, do not treat as verified): ~5.5% EPS/revenue beat vs consensus and ~36–40% non-GAAP operating margin (the GAAP figure above is 20.1%) come from the @demian_ai thread (2026-06-03-demian_ai-alab-retimer-most-boring-chip-highest-margin); Massive's feed has no consensus estimate, so the surprise % stays unverified. Q2-FY26 guide $355–365M per the same pointer.

Read context: the +93% YoY at a sustained 76% GM is the connectivity-silicon momentum the optical-supercycle perspective tracks ALAB on (Wave-3 connectivity-silicon bridging to Wave 4 / CPO via aiXscale — see the perspective README/log, refined 2026-06-17).

8 events

DateTypeEvent

May 4 ArticleCambrian Thesis — AI supply chain 2x2 Apr 28 ScanOptical Supply Chain Scan Apr 26 ArticleDaily Actions Apr 26 ScanOptical Supply Chain Scan May 19 SourceRS in Semi Land ~ $ALAB $MXL $CRDO $HIMX $MRVL $ARM $INTC $TXN $AOSL $STM May 23 ArticleDaily Actions — May 23, 2026 (R30-A Phase 4) May 25 InvestigationOptical supercycle WHY: what specifically drove the CIEN/COHR demand acceleration May 26 Deep Dive$AEHR (Aehr Test Systems, wafer-level burn-in)

No direct external sources are attached to this read.