---
title: "Astera Labs Analysts Boost Their Forecasts Following Better-Than-Expected Q2 Earnings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294963676.md"
description: "Astera Labs (NASDAQ: ALAB) reported Q2 earnings of $0.80 per share and revenue of $392.4 million, beating estimates. The company raised Q3 guidance for EPS to $1.16-$1.21 and sales to $540-$560 million. Consequently, analysts Jefferies and Needham raised their price targets to $450 and $425 respectively, maintaining Buy ratings despite a slight pre-market stock dip."
datetime: "2026-08-05T12:01:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294963676.md)
  - [en](https://longbridge.com/en/news/294963676.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294963676.md)
generator: "portal-rs"
---

# Astera Labs Analysts Boost Their Forecasts Following Better-Than-Expected Q2 Earnings

**Astera Labs Inc** (NASDAQ:ALAB) on Tuesday reported better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.

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.

**Considering buying ALAB stock? Here’s what analysts think:**

*Photo via Shutterstock*

### Related Stocks

- [ALAB.US](https://longbridge.com/en/quote/ALAB.US.md)
- [LABX.US](https://longbridge.com/en/quote/LABX.US.md)
- [JEF.US](https://longbridge.com/en/quote/JEF.US.md)

## Related News & Research

- [Astera Labs' Post-Earnings Pullback May Be Last Chance to Buy Below $360](https://longbridge.com/en/news/295127470.md)
- [Astera's Q2 results draw positive reactions from analysts for Scorpio X lineup](https://longbridge.com/en/news/294972598.md)
- [ServiceTitan Analysts Slash Their Forecasts After Q2 Earnings](https://longbridge.com/en/news/298466810.md)
- [RKLB Stock Could Surge 65% — Here's Why Analysts Are Bullish](https://longbridge.com/en/news/298466337.md)
- [Robinhood Stock Price Forecast  — How Much Upside Do Top Analysts See Now?](https://longbridge.com/en/news/298466333.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**