Astera Labs (ALAB) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $1.32
- Estimate
- $1.19
- Surprise
- +10.7%
- Score today
- 6.4/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Astera Labs (ALAB) beat the $1.19 estimate with adjusted EPS of $1.32 — a large 10.7% upside surprise.
Where TrendMatrix's rating stands now
TrendMatrix currently rates ALAB Buy (Wait) at 6.4/10; no pre/post engine snapshot brackets this report.
4 of the last 4 quarters beat the estimate; this quarter's +10.7% surprise compares with a +13.1% four-quarter average.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.9 in RISK_OFF)
- Strong earnings beat streak (4/4)
What argues against it
- Concentration risk — Customer: top end customer
- Concentration risk — Customer: top three end customers (86.0%)
- Sector modifier (Technology): -0.8
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $233.62
- Entry target
- $222.37
- Price target
- $348.81
- Stop
- $206.80
- Upside to target
- +49.3%
- Reward-to-risk
- 3.3:1
The stock trades at 113.4× trailing but 35.9× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-11-04 — shown for context, not personalized investment advice.
ALAB at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Semiconductors
- Market cap
- $40.53B
- P/E (fwd)
- 35.9
- P/E (ttm)
- 113.4
- 52-week range
- $97.89–$499.48
- Off 52-week high
- 53.2%
- RSI (14)
- 30
- Volume vs avg
- 1.41×
- Score today
- 6.4/10