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."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.Astera Labs said it seed third-quarter adjusted EPS of $1.16-$1.21, versus market estimates of 81 cents. The company sees sales of $540.000 million-$560.000 million, versus expectations of $416.526 million.Astera Labs shares fell 1.8% to $355.00 in pre-market trading.These analysts made changes to their price targets on Astera Labs following earnings announcement.
Jefferies analyst Blayne Curtis maintained the stock with a Buy and raised the price target from $270 to $450.
Needham analyst N. Quinn Bolton maintained the stock with a Buy and raised the price target from $260 to $425.
