ALAB Q3 2026 GAAP Revenue $584.9 million, Beat Guidance by +$34.9M

Revenue: Q3 2026 revenue of $584.9 million beat guidance midpoint of $550 million by $34.9 million (+6.3%); up 154% YoY

EPS: Non-GAAP diluted EPS of $1.32 beat guidance midpoint of $1.185 by $0.135 (+11.4%); GAAP diluted EPS of $0.99 beat midpoint of $0.895

Margin: GAAP gross margin of 72.3% was in line with ~72% guidance; non-GAAP operating margin was 44.7%

Q4 2026 guidance: Revenue $730M-$750M, GAAP EPS $1.13-$1.17, non-GAAP EPS $1.62-$1.66

Scorpio fabric switches became the company's largest product family, led by volume production of Scorpio X-Series 320-lane fabric switch

Operating expenses: GAAP operating expenses of $243.7M exceeded guidance midpoint of $234M by $9.7M

Expanded portfolio with Aries 7 (PCIe 7 signal conditioning), Leo 2 and Leo X-Series, and Orion rack-scale reference architecture