--- title: "Astera Labs guided revenue up 40%; insiders sold $486 million and bought nothing" description: "The Scorpio switch maker reports on November 3 with revenue guided up 40%. Over six months its officers and directors sold about $486 million of stock and bought none." publisher: "The Inference" section: "Chips" published: 2026-10-23T13:19:25.377Z modified: 2026-10-23T13:19:25.377Z canonical: https://theinference.org/article/astera-labs-guided-revenue-up-40-insiders-sold-486-million-and-bought-nothing language: en keywords: "Astera Labs, Insider Trading, Earnings, Semiconductors, AI Chips" --- # Astera Labs guided revenue up 40%; insiders sold $486 million and bought nothing > The Scorpio switch maker reports on November 3 with revenue guided up 40%. Over six months its officers and directors sold about $486 million of stock and bought none. ## Selling below the sale price [Astera Labs](https://theinference.org/markets/companies/astera-labs) closed Thursday at $257.82, down 11.11%, the worst of the AI names on a Nasdaq that lost 2.6%, [its worst day since June as AI spending worries resurfaced](https://finance.yahoo.com/markets/stocks/articles/nasdaq-marks-worst-day-since-204514617.html) [4][5][8]. The chipmaker now trades below the prices at which two of its directors sold in September. [Manuel Alba](https://theinference.org/markets/people/manuel-alba) sold 183,000 shares at $280.13 on September 1, cutting his holding 41.89% [2]. Stefan Dyckerhoff sold 8,994 shares at $274.96 the next day, cutting his 73.10% and leaving $909,842 [2]. [Both were pre-arranged 10b5-1 sales](https://www.marketbeat.com/instant-alerts/filing-astera-labs-inc-alab-stock-purchased-by-robeco-institutional-asset-management-bv-2026-10-23/) [2]. *Chart: **Six months of insider sales, all one-way: $486 million, zero purchases** Bar chart ranking estimated insider sale value at Astera Labs over six months by officer and director, led by the president and COO.* *Estimated sale value by officer and director, $ millions, over the six months to October 2026, per Quiver Quantitative [1]. No insider purchases were recorded in the period. [1]* ## The guide that must not miss Second-quarter revenue was a record $392.4 million, up 104.5% year on year, and management [guided the third quarter to $540-560 million, about 40% higher](https://www.tikr.com/blog/astera-labs-gains-ahead-of-q3-as-scorpio-switches-set-up-a-40-sequential-jump), as Scorpio X-Series switches enter volume production a quarter early [2][3]. Non-GAAP EPS is guided to $1.16-1.21 from $0.80; gross margin is guided down to about 72% from 73.7% [2][3]. *Chart: **Eight quarters of sequential revenue growth, then a guided 40% jump** Column chart of Astera Labs quarterly revenue from Q2 2024 through Q2 2026, with the Q3 2026 guidance midpoint as an estimated final column.* *Quarterly revenue, $ millions, GAAP per SEC filings [7]. Q3 2026 guide midpoint $550M from company guidance [3], marked estimate. [7][3]* Northland [downgraded the stock to Market Perform on October 9 on valuation alone](https://www.inkl.com/news/why-northland-downgraded-astera-labs-even-though-it-expects-earnings-to-rise), while calling $5 EPS by 2028 achievable [6][2]. Street consensus holds at Moderate Buy, target $344 [6][2]. ## 295 sales, zero buys Insiders [sold in 295 transactions over six months and bought in none](https://www.quiverquant.com/news/Astera+Labs+Slides+as+Downgrade+and+Insider+Sale+Overhang+Pressure+Shares), an estimated $486 million: President and COO [Sanjay Gajendra](https://theinference.org/markets/people/sanjay-gajendra) $238.2 million, Alba $132.5 million, CEO [Jitendra Mohan](https://theinference.org/markets/people/jitendra-mohan) $83.6 million [1]. No source states motive, and none needs to. At 187 times trailing earnings, the price already assumes the ramp lands on schedule and the margin holds [2]. The complication is not the selling; it is that the guide and the exits came from the same building within weeks of each other. ## The November 3 rule Revenue near $550 million with gross margin near 72% says the ramp is real and the September sellers were on a plan [3][6]. Below $520 million, or margin below 71.5%, says the multiple has no floor [3][6]. ## Takeaway Astera Labs reports Q3 on November 3 with revenue guided to $540-560 million, up about 40%, but its officers and directors sold an estimated $486 million of stock over six months and bought none, and the stock now trades below the directors' September sale prices. ## Sources 1. [Quiver Quantitative, Astera Labs Slides as Downgrade and Insider Sale Overhang Pressure Shares, 22 October 2026](https://www.quiverquant.com/news/Astera+Labs+Slides+as+Downgrade+and+Insider+Sale+Overhang+Pressure+Shares) 2. [MarketBeat, Astera Labs, Inc. $ALAB Stock Purchased by Robeco Institutional Asset Management B.V., 23 October 2026](https://www.marketbeat.com/instant-alerts/filing-astera-labs-inc-alab-stock-purchased-by-robeco-institutional-asset-management-bv-2026-10-23/) 3. [TIKR, Astera Labs Gains Ahead of Q3 as Scorpio Switches Set Up a 40% Sequential Jump, 22 October 2026](https://www.tikr.com/blog/astera-labs-gains-ahead-of-q3-as-scorpio-switches-set-up-a-40-sequential-jump) 4. [TokenPost, Astera Labs Leads AI Stock Losses With 11.11% Drop at Thursday Close, 23 October 2026](https://www.tokenpost.com/news/investing/38544) 5. [Investing.com, market data and movers, 22-23 October 2026](https://www.investing.com/news/company-news/atomera-partners-with-iqe-to-develop-gan-on-silicon-wafers-93CH-4965351) 6. [Barchart via Inkl, Why Northland Downgraded Astera Labs Even Though It Expects Earnings to Rise, 17 October 2026](https://www.inkl.com/news/why-northland-downgraded-astera-labs-even-though-it-expects-earnings-to-rise) 7. [Astera Labs, quarterly figures from SEC filings, retrieved 23 October 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001736297) 8. [MT Newswires via Yahoo Finance, Update: Nasdaq Marks Worst Day Since June as AI Spending Worries Resurface, 22 October 2026](https://finance.yahoo.com/markets/stocks/articles/nasdaq-marks-worst-day-since-204514617.html) --- Astera Labs guided revenue up 40%; insiders sold $486 million and bought nothing — The Inference. Canonical: https://theinference.org/article/astera-labs-guided-revenue-up-40-insiders-sold-486-million-and-bought-nothing