Arista Networks, Inc. earnings overview

ANET FY2026 Q1 · Calendar Q2 2026

Arista Networks, Inc.

Arista Networks delivered 35% YoY revenue growth to $2.71B in Q1 FY2026, beating consensus on both revenue ($2.71B vs $2.62B est.) and EPS ($0.87 vs $0.81 est.). Management raised the full-year revenue outlook to $11.5B (27.7% growth), with the AI segment targeted at $3.5B -- more than double the prior year. The launch of XPO pluggable optics (12.8 Tbps per module, 204.8 Tbps per rack unit) and expanding AI fabric capabilities position Arista for next-generation high-speed AI rack deployments beginning in 2027. Supply-chain constraints on wafers, silicon, and memory persist, but the company is mitigating this through $8.9B in purchase commitments and disciplined pricing. Despite the beat-and-raise, shares posted a -14.99% abnormal move in the reaction window before recovering +12.89% in subsequent drift. With the stock at $170.76 versus analyst consensus target of $186.67, the market…