ALAB · PEAD ↓ 80

Astera Labs reported Q3 FY2026 EPS of $0.99 on 2026-11-03, beating the $0.83 consensus by $0.16 (+19.3%).

Print-day reaction was a modest +1.7% versus the prior close, suggesting the market greeted the beat with restrained enthusiasm. The overnight gap to the T+1 open was a sharp -6.7%, signalling meaningful after-hours selling pressure that erased the initial gain and then some. Over the subsequent two trading days the stock continued to slide, posting a Day 1–3 drift of -14.6% — a decisive acceleration of the overnight fade. Cumulative abnormal return of -14.7% versus SPY.US places this firmly in PEAD short territory; per the documented drift pattern, the read is held through 2027-01-29.