Arista Networks Surpasses $3B in Quarterly Revenue, Guides Above Street
ANET sits 87% above its 52-week low of $114.52.
Summary
Arista Networks reported Q2 2026 revenue of $3.04 billion, up 37.7% YoY, and guided Q3 revenue to ~$3.3 billion, both exceeding consensus. Non-GAAP EPS of $1.02 beat estimates by a wide margin.
Key Events · Earnings and Guidance · ANET
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Record Revenue Quarter
Revenue for Q2 2026 reached $3.036 billion, a 37.7% increase year-over-year and the company's first quarter above $3 billion.
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Earnings Beat
Non-GAAP diluted EPS of $1.02 grew 39.7% YoY, driven by strong operating leverage and a 49.9% non-GAAP operating margin.
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Above-Consensus Guidance
Q3 2026 guidance calls for revenue of approximately $3.3 billion and non-GAAP diluted EPS of $1.06–$1.08, both ahead of analyst expectations.
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AI-Driven Growth
CEO Jayshree Ullal highlighted the Arista 2.0 platform strategy and introduced new 1.6 Tbps AI fabric platforms, including liquid-cooled options, targeting scale-up and scale-out AI networks.
Analysis · ANET · Technology
Arista delivered its first $3 billion revenue quarter, with sales surging 37.7% year-over-year and non-GAAP EPS jumping 39.7%. The company guided Q3 revenue to approximately $3.3 billion and non-GAAP EPS of $1.06–$1.08, both above Street expectations. This performance underscores the strength of Arista's AI-driven networking demand and its expanding campus footprint, reinforcing its leadership position in the data center switching market.
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At the time of this filing, ANET was trading at $213.64 on NYSE in the Technology sector, with a market capitalization of approximately $239.9B. The 52-week trading range was $114.52 to $194.35. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.