The chipmaker’s new Scorpio line now drives the largest share of revenue, surpassing PCIe 6 contributions.
Astera Labs projected Q3 revenue of $540M to $560M, citing strong demand for its Scorpio product line, which has become its largest revenue driver. The company reported record Q2 2026 revenue of $392.4 million, up from prior periods, fueled by broad-based portfolio strength.
PCIe 6 products accounted for over 50% of total revenue in Q2, though Scorpio’s rapid adoption is now reshaping the revenue mix. Analysts had expected continued growth but not the accelerated shift toward Scorpio as the primary catalyst.
Management attributed the outlook to sustained enterprise and data center demand, though no immediate market reaction was disclosed in the earnings call summary.