Astera Labs Inc. 2026年季度报告

FORM 10-Q (Mark One)QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Astera Labs, Inc. 82-3437062(I.R.S. EmployerIdentification No.) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YesNo As of April 30, 2026, there were 171,407,939 shares of the Registrant’s Common Stock, $0.0001 par value, outstanding. Table of Contents Part I - Financial Information Item 1.Financial Statements (Unaudited)Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 20251Condensed Consolidated Statements of Operations and Comprehensive Income for the three months endedMarch 31, 2026 and 20252Condensed Consolidated Statements of Changes in Stockholders' Equity for the three months ended March31, 2026 and 20253 Part II - Other Information Item 1.Legal ProceedingsItem 1ARisk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures Special Note about Forward-Looking Statements This Quarterly Report on Form 10‑Q contains forward-looking statements within the meaning of the federal securities laws,which are statements that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events orour future financial or operating performance. All statements other than statements of historical fact included in this Quarterly Reporton Form 10‑Q, including statements regarding our strategy, future operations, financial position, prospects, plans and objectives ofmanagement are forward-looking statements. In some cases, you can identify forward-looking statements because they contain wordssuch as “aims,” “anticipated,” “believes,” “budget,” “can,” “certain,” “committed,” “continue,” “could,” “designed,” “estimates,”“expect,” “future,” “growing,” “indicative,” “intended,” “may,” “mission,” “opportunities,” “plan,” “position,” “potential,” “predict,”“probable,” “projections,” “scheduled,” “should,” “to be,” “will,” or “would,” or the negative of these words or other similar terms orexpressions. Forward-looking statements include, but are not limited to, statements relating to our business plans, strategies, market orinvestment opportunities, platform, products and services, including future investments therein and anticipated benefits therefrom;demand; our future financial or operating performance and growth (such as revenue, gross profit and margins, expenses, income We may not actually achieve the plans, intentions, expectations or events disclosed in our forward-looking statements, and youshould not place undue reliance on our forward-looking statements. Forward-looking statements are subject to risks, uncertainties andother factors described under the heading “Risk Factors” included in this Quarterly Report on Form 10‑Q and those included within •our ability to sustain and manage our growth effectively;•our ability to maintain future profitability;•our ability to accurately predict future revenue for appropriate budgeting and expense adjustment;•our ability to anticipate and respond to new and evolving market trends or industry standards, develop and sell new products,or penetrate new markets;•our customer concentration, with a limited number of end customers driving our revenue;•our ability to achieve product design wins and opportunities for customer sales and investment recoupment;•our ability to demonstrate the value of new products or newer product generations to customers;•our AI technology adoption, use, and commercialization;•our reliance on, and relationship management of, a limited number of third-party manufacturing and supply chain servicespartners;•our ability to successfully qualify our products with customers without significant delays;•our product pricings often decrease over time;•product supply di