Arista Networks (NYSE:ANET) Posts Quarterly Earnings Results

Posted by George Bondi on Aug 5th, 2026

Arista Networks (NYSE:ANET – Get Free Report) released its quarterly earnings data on Tuesday. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13, FiscalAI reports. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business’s revenue was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS. Arista Networks updated its Q3 2026 guidance to 1.060-1.080 EPS.

Here are the key takeaways from Arista Networks’ conference call:

Positive Sentiment: Arista reported its first-ever $3 billion revenue quarter, with Q2 revenue up 37.7% year over year and above guidance, driven by AI and enterprise customers.
Positive Sentiment: Management raised its 2026 revenue outlook for the third time to approximately $12.6 billion, representing 40% annual growth, while also increasing its operating-margin target to 48%-49%.
Positive Sentiment: AI networking momentum continues to broaden, with Etherlink exceeding 100 cumulative customers and the company targeting at least $3.5 billion in 2026 AI Fabrics revenue. Arista also expects growth across core data-center, campus, and routing products.
Positive Sentiment: The company said supply-chain conditions are improving through additional suppliers, manufacturing and distribution capacity, secured 2026 memory supply, and new liquid-cooling capabilities, supporting stronger second-half shipments.
Negative Sentiment: Industry-wide component tightness and rising costs are expected to persist until roughly 2028, while Arista’s purchase commitments nearly tripled year over year to $9.7 billion, increasing execution and inventory risk despite the stronger outlook.

Arista Networks Stock Performance

ANET stock traded up $8.96 during mid-day trading on Wednesday, reaching $199.47. 4,571,050 shares of the stock traded hands, compared to its average volume of 8,575,564. Arista Networks has a one year low of $114.52 and a one year high of $214.89. The stock has a market capitalization of $251.17 billion, a PE ratio of 68.31, a PEG ratio of 2.84 and a beta of 1.60. The business has a 50-day moving average price of $168.68 and a two-hundred day moving average price of $151.16.

Insider Activity

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the transaction, the insider directly owned 182,543,048 shares in the company, valued at $30,223,652,457.36. This trade represents a 0.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $140.08, for a total transaction of $4,482,560.00. Following the completion of the sale, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $1,817,678.08. This trade represents a 71.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 2,300,316 shares of company stock valued at $382,160,575. 2.70% of the stock is currently owned by insiders.

Institutional Trading of Arista Networks

A number of institutional investors have recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after purchasing an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in Arista Networks in the fourth quarter worth about $202,000. Bison Wealth LLC purchased a new stake in shares of Arista Networks during the fourth quarter worth about $251,000. Sivia Capital Partners LLC increased its holdings in shares of Arista Networks by 48.4% during the second quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after acquiring an additional 3,496 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Arista Networks by 31.3% during the second quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock valued at $429,000 after acquiring an additional 1,000 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on ANET. Rosenblatt Securities boosted their target price on Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays reaffirmed an “overweight” rating and issued a $289.00 price objective on shares of Arista Networks in a research note on Wednesday. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. Wolfe Research reiterated an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks presently has a consensus rating of “Buy” and a consensus price target of $211.20.

Get Our Latest Report on Arista Networks

Key Arista Networks News

Here are the key news stories impacting Arista Networks this week:

Positive Sentiment: Q2 results exceeded expectations: Arista reported adjusted EPS of $1.02 versus the $0.89 consensus estimate, while revenue rose 37.7% year over year to $3.04 billion, topping estimates of approximately $2.83 billion. It was the company’s first quarter with revenue above $3 billion. Reuters: Arista forecasts upbeat quarterly revenue on AI-driven networking demand
Positive Sentiment: Strong outlook for Q3: Arista forecast revenue of about $3.3 billion and EPS of $1.06–$1.08, materially above analyst expectations of roughly $2.9 billion in revenue and $0.89 EPS. The company also raised its 2026 sales outlook to approximately $12.6 billion, reflecting expected growth of about 40%. Seeking Alpha: Arista projects $12.6 billion 2026 revenue
Positive Sentiment: AI networking demand remains a major catalyst: Management cited strong customer investment in AI infrastructure and cloud networking. Arista is also introducing 1.6 Tbps networking systems designed to improve performance and reduce power consumption. GuruFocus: Arista Q2 earnings call highlights
Positive Sentiment: Analyst confidence increased: Rosenblatt Securities raised its price target from $210 to $280 and assigned a Buy rating, implying substantial additional upside from the referenced $191.21 level. Other analysts also lifted forecasts following the earnings beat. Benzinga: Analysts boost forecasts on Arista Networks

Arista Networks Company Profile

(Get Free Report)

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.