Arista Networks (NYSE:ANET) Releases Q3 2026 Earnings Guidance

Arista Networks (NYSE:ANET) updated its third quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.060-1.080 for the period, compared to the consensus EPS estimate of 0.890. The company issued revenue guidance of $3.3 billion-$3.3 billion, compared to the consensus revenue estimate of $2.9 billion.

Arista Networks Price Performance

Shares of ANET traded up $6.32 during mid-day trading on Tuesday, reaching $191.21. The company had a trading volume of 13,960,268 shares, compared to its average volume of 8,619,777. The company’s 50-day moving average is $168.68 and its 200-day moving average is $151.16. Arista Networks has a twelve month low of $114.52 and a twelve month high of $194.35. The company has a market capitalization of $240.77 billion, a P/E ratio of 65.48, a P/E/G ratio of 2.77 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities analysts expect that Arista Networks will post 3.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their target price on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $200.00 price target (up from $185.00) on shares of Arista Networks in a report on Thursday, July 16th. Piper Sandler reiterated an “overweight” rating and issued a $181.00 price objective (up from $175.00) on shares of Arista Networks in a research report on Wednesday, May 6th. KeyCorp reissued an “overweight” rating and issued a $200.00 price objective (up from $178.00) on shares of Arista Networks in a research note on Thursday, June 18th. Finally, Citigroup decreased their target price on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Arista Networks presently has an average rating of “Buy” and an average target price of $189.74.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 260,000 shares of Arista Networks stock in a transaction on Monday, June 15th. The shares were sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the completion of the sale, the insider owned 182,543,048 shares of the company’s stock, valued at approximately $30,223,652,457.36. The trade was a 0.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 242,422 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $188.17, for a total transaction of $45,616,547.74. Following the sale, the chief executive officer owned 5,171,095 shares of the company’s stock, valued at $973,044,946.15. The trade was a 4.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety 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.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: Q2 results exceeded estimates: Arista reported adjusted earnings of $1.02 per share versus the $0.89 consensus estimate, while revenue reached $3.04 billion, ahead of the $2.83 billion forecast. Revenue rose 37.7% year over year, marking the company’s first quarter above $3 billion. Arista forecasts upbeat quarterly revenue on AI-driven networking demand
• Positive Sentiment: Upbeat Q3 guidance: Arista forecast third-quarter revenue of approximately $3.3 billion, compared with Wall Street’s $2.9 billion expectation. Its EPS outlook of $1.06–$1.08 also topped the $0.89 consensus estimate, signaling continued momentum. Arista Networks soars on strong Q2 beat and raised outlook
• Positive Sentiment: AI networking demand remains a major growth driver: Customers are expanding AI and cloud infrastructure, supporting demand for Arista’s high-speed networking equipment. The company also highlighted new 1.6-terabit-per-second AI networking systems designed to improve performance and reduce power consumption. Arista Networks Q2 revenue jumps as AI networking demand accelerates
• Neutral Sentiment: Arista’s strong results improve its growth outlook, but the stock’s elevated valuation—approximately 65 times earnings—leaves shares sensitive to any slowdown in AI infrastructure spending or future guidance.

Hedge Funds Weigh In On Arista Networks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ANET. State Street Corp raised its position in shares of Arista Networks by 0.5% in the 3rd quarter. State Street Corp now owns 46,342,551 shares of the technology company’s stock valued at $6,752,573,000 after acquiring an additional 245,976 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Arista Networks by 1.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company’s stock valued at $4,870,618,000 after purchasing an additional 380,724 shares during the period. Schroder Investment Management Group grew its holdings in Arista Networks by 1.5% during the fourth quarter. Schroder Investment Management Group now owns 8,716,211 shares of the technology company’s stock valued at $1,142,085,000 after purchasing an additional 130,295 shares during the period. Amundi increased its stake in Arista Networks by 5.3% in the fourth quarter. Amundi now owns 8,573,270 shares of the technology company’s stock valued at $1,123,356,000 after purchasing an additional 433,742 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Arista Networks by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,452,683 shares of the technology company’s stock valued at $976,525,000 after purchasing an additional 291,121 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Arista Networks Company Profile

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.