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

Arista Networks (NYSE:ANET) issued an update on its third quarter 2026 earnings guidance on Tuesday. The company provided earnings per share 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 Trading Down 1.9%

NYSE:ANET traded down $3.85 during trading hours on Thursday, hitting $193.47. The company had a trading volume of 4,249,957 shares, compared to its average volume of 8,668,163. The company has a market cap of $243.61 billion, a P/E ratio of 60.89, a P/E/G ratio of 2.92 and a beta of 1.60. Arista Networks has a 1 year low of $114.52 and a 1 year high of $214.89. The company has a 50-day moving average of $169.56 and a 200 day moving average of $151.63.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. Arista Networks had a return on equity of 32.00% and a net margin of 38.37%.The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the business posted $0.73 EPS. The company’s revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, analysts forecast that Arista Networks will post 3.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ANET shares. JPMorgan Chase & Co. boosted their price target on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Evercore reiterated an “outperform” rating on shares of Arista Networks in a report on Wednesday. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price for the company in a research report on Friday, May 15th. TD Cowen boosted their price target on shares of Arista Networks from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Barclays reaffirmed an “overweight” rating and set a $289.00 price target (up from $195.00) on shares of Arista Networks in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $226.05.

Insider Buying and Selling

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 240,000 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $162.67, for a total value of $39,040,800.00. Following the completion of the transaction, the insider directly owned 182,043,048 shares in the company, valued at $29,612,942,618.16. This represents a 0.13% 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 26,000 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $170.51, for a total value of $4,433,260.00. Following the sale, the insider directly owned 462,400 shares in the company, valued at $78,843,824. The trade was a 5.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 2,308,316 shares of company stock worth $383,608,735. 2.70% of the stock is currently owned by corporate insiders.

Trending Headlines about Arista Networks

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 increased 37.7% year over year to $3.04 billion, marking its first quarter above $3 billion. Arista forecasts upbeat quarterly revenue on AI-driven networking demand
• Positive Sentiment: AI networking demand remains strong: Hyperscale cloud customers are expanding infrastructure for artificial intelligence, supporting demand for Arista’s data-center, campus and routing products. The company also introduced 1.6 Tbps networking platforms designed for high-performance AI workloads. Why Is Arista Networks Asking Bigger Questions After Its First $3 Billion Quarter?
• Positive Sentiment: Guidance and supply conditions improved: Arista forecast approximately $3.3 billion in Q3 revenue and $1.06–$1.08 in EPS, above consensus expectations. Management also raised its 2026 revenue outlook to $12.6 billion, citing better product availability and continued demand. Arista projects $12.6 billion 2026 revenue
• Positive Sentiment: Analysts raised targets: Rosenblatt lifted its target to $280, TD Cowen to $250, Piper Sandler to $240 and Truist to $234, generally maintaining bullish ratings. JPMorgan also reset its target, indicating that improving supply could support another phase of growth. JPMorgan Resets Arista Stock Target After AI Surge
• Neutral Sentiment: Insider sale was conducted under a 10b5-1 plan: Director Charles Giancarlo sold 8,000 shares for approximately $1.45 million but retained 184,333 shares. The pre-arranged nature of the transaction reduces its significance as a bearish signal. SEC insider transaction filing
• Negative Sentiment: Valuation and margins are risks: After a substantial advance, ANET trades at a high earnings multiple. Gross margin declined to 63.4% from 65.6% a year earlier, leaving the stock vulnerable to profit-taking if AI spending slows or execution disappoints.

Hedge Funds Weigh In On Arista Networks

Large investors have recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC boosted its holdings in Arista Networks by 48.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after purchasing an additional 3,496 shares during the period. Bison Wealth LLC acquired a new position in Arista Networks in the fourth quarter valued at about $251,000. DV Equities LLC bought a new position in Arista Networks in the fourth quarter valued at $190,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Arista Networks in the 4th quarter valued at approximately $55,000. Finally, J.Safra Asset Management Corp acquired a new position in shares of Arista Networks in the fourth quarter valued at $114,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

About Arista Networks

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.