AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue rose 104% year over year to $392.4 million on higher Aries, Scorpio, and Taurus unit shipments, though gross margin fell 250 bps to 73.3%.
Biggest Revenue Drivers
China$152.7M
Revenue by location is determined by the billing address of customers, including end customers' manufacturing partners and distributors.
Singapore$113.7M
Biggest Revenue Drivers
Total revenue: $392.4M+104% YoY
China$152.7M
Revenue by location is determined by the billing address of customers, including end customers' manufacturing partners and distributors.
Singapore$113.7M
Taiwan$105.8M
Other$14.7M
United States$5.5M
Largest Expense Items
Research and development$135.9M+104% YoY
$32.7M more personnel costs on 118% headcount growth, $18.6M more stock-based compensation, and $12.1M higher R&D program spending.
Cost of revenue$104.8M+126% YoY
Primarily higher unit shipments and shift in product mix cost.
General and administrative$36.0M+76% YoY
$6.4M more stock-based compensation, $5.6M more personnel costs on 79% headcount growth, and $1.8M higher professional services fees.
Sales and marketing$26.4M+42% YoY
$4.9M increase in personnel-related costs from 47% headcount growth and $2.2M more stock-based compensation.
Margins: Gross margin decreased 250 bps to 73.3% from 75.8%, driven primarily by a shift in product mix toward lower margin hardware modules and the impact of the Warrants.
Watch Items from the Filing
Customer concentration is extreme: Customers A, B, C, and D were 29%, 25%, 15%, and 13% of quarterly revenue; Customer A is 30% of accounts receivable.
China billing-address revenue was $152.7M of $392.4M, against disclosed risk from U.S.-China trade restrictions and export controls.
Warrants reduced revenue by $10.2M this quarter versus $1.8M a year ago; the February 2026 Warrant carries maximum fair value of $280.0M recognizable through January 2033.
Net income of $153.1M included a $50.3M income tax benefit (effective rate -48.9%) from excess equity compensation tax benefits, not operations.
Working capital build: accounts receivable rose to $192.5M from $83.2M and inventory to $113.8M from $59.0M since December 31, 2025.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
2 transactions in ALAB reported by 1 member of Congress under the STOCK Act, most recent trade Feb 27, 2025. Reported transactions, not recommendations.
About Astera Labs, Inc. (ALAB): stock profile, AI score and financials
Astera Labs, Inc. (ALAB) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores ALAB at 75.0/100 on a composite quality score built from its SEC filings, placing it at rank #101 of 2,925 stocks — the top 5% of the AI-ranked universe. ALAB scores in the top quartile across revenue growth (98.1), balance sheet strength (97.1), profitability (92.4). Areas of concern include earnings quality (38.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 9.2/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Astera Labs, Inc. reports quarterly revenue of $392.4M, net income of $153.1M, an operating margin of 22.7%. Top institutional holders of ALAB by reported 13-F value include FMR, BlackRock, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. ALAB trades on the Nasdaq exchange and files with the SEC under CIK 1736297. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ALAB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Astera Labs, Inc. directly from SEC EDGAR.