NEW YORK, Jan 24, 2026, 20:01 ET — The market has closed.
- Astera Labs shares fell 3.8% to close at $169.66 on Friday. 1
- The company revealed new features for its Scorpio X-Series “smart fabric switch” and confirmed that products are now shipping in initial production volumes. 2
- Next on the calendar: Astera will release its Q4 2025 earnings after the market closes on Feb. 10. 3
Shares of Astera Labs, Inc. (ALAB.O) slipped 3.8% to close Friday at $169.66. U.S. markets were closed for the weekend and will resume trading Monday.
The move came after a company update late Thursday that expanded its Scorpio X-Series smart fabric switch roadmap—targeting “scale-up” AI clusters. Astera Labs also pegged the merchant scale-up switching market at $20 billion by 2030, citing its own analysis alongside third-party research. 4
Scale-up refers to the high-bandwidth wiring within an AI cluster—the connections that ensure GPUs communicate quickly enough to avoid idle compute. Astera’s Scorpio X-Series highlights features such as a higher “radix” (meaning more ports), in-network computing that handles some operations directly inside the switch, and optical connectivity designed for larger, multi-rack setups. 5
As clusters expand, hyperscalers want greater customization, according to Astera. Thad Omura, the company’s chief business officer, stressed the need for “flexible connectivity portfolios” rather than “one-size-fits-all solutions.” 6
Astera’s decline took place amid a weaker day for some chip stocks. The iShares Semiconductor ETF slipped roughly 1.1% on Friday. Networking-related shares like Broadcom (AVGO.O) and Marvell (MRVL.O) also ended the day in the red.
With the tape closed, the key question for Monday is if buyers return following the product roadmap headlines—or if traders continue to push on timing and near-term visibility.
Astera is set to report its fourth-quarter 2025 earnings after the market closes on Feb. 10, followed by a conference call at 4:30 p.m. ET. 7
Investors want more than just slideware—they’re focused on how quickly Scorpio X can shift from “initial production volumes” to wider rollouts, and the impact that will have on revenue mix and margins.
Astera highlighted in its filings that a small group of end customers heavily influences its results. Fluctuations in demand, shifts in product lines, and the wider semiconductor cycle could all pressure revenue and profits. 8
All focus is on Feb. 10, when management is expected to reveal if Scorpio X is gaining early momentum following the roadmap expansion.
