Astera Labs Inc. (ALAB) had a good day after the bell on Tuesday. The company posted its second-quarter results, and they came in ahead of what Wall Street was expecting. Here's what you need to know.

For the quarter, Astera Labs reported adjusted earnings of 80 cents per share, beating the Street's estimate of 69 cents. Revenue was $392.4 million, which also topped the consensus of $360.72 million. The company's non-GAAP gross margin came in at 73.7%, and its non-GAAP operating margin was 39.1%.

CEO Jitendra Mohan was clearly pleased with the numbers. "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," he said.