ANET
Arista Networks, Inc.
Price as of Jul 20, 2026
ANET earnings
Arista Networks, Inc. earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $0.81 | $0.87 | +7.7% | $2.7B | +3.5% |
| Feb 12, 2026 | $0.76 | $0.82 | +8.2% | $2.5B | +4.3% |
| Feb 18, 2025 | $0.57 | $0.65 | +14.6% | $1.9B | +1.5% |
| Nov 7, 2024 | $2.08 | $2.40 | +15.4% | $1.8B | -0.1% |
| May 1, 2023 | $1.34 | $1.43 | +6.7% | $1.4B | +3.5% |
| Feb 13, 2023 | $1.21 | $1.41 | +16.5% | $1.3B | +6.2% |
| Oct 31, 2022 | $1.04 | $1.25 | +20.2% | $1.2B | +10.9% |
| May 2, 2022 | $0.81 | $0.84 | +3.7% | $877M | +2.4% |
| Feb 14, 2022 | $0.73 | $0.82 | +12.3% | $824M | +4.3% |
| May 4, 2021 | $0.60 | $0.63 | +5.0% | $668M | +4.0% |
| Feb 18, 2021 | $0.60 | $0.62 | +3.3% | $648M | +3.3% |
| Aug 4, 2020 | $0.49 | $0.53 | +8.2% | $541M | +8.2% |
Earnings call summary
Q1 FY2026 · May 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Arista had velocity in all sectors in Q1, leading in high-speed switching. Discussed AI fabric use cases: scale up, scale out, scale across. Shared customer wins like Neo Cloud AI network, service provider upgrade, insurance services modernization, manufacturing deployment. Mentioned Innovate 2026 event with high customer engagement.
Guidance
2026 fiscal year revenue growth raised to 27.7% to $11.5 billion. AI target $3.5 billion. Q2 guidance: revenues ~$2.8 billion, gross margin 62%-63%, operating margin 46%-47%, diluted EPS ~$0.88.
Segment performance
Revenues in Q1 were $2.71 billion, up 35.1% year-over-year and above guidance. International revenues were $418.9 million, 15.5% of total. Gross margin 62.4%. Operating expenses $396.8 million. Operating income $1.29 billion. Net income $1.11 billion. Diluted EPS $0.87.
Risks & headwinds
Industry-wide shortages of wafers, silicon chips, CPUs, optics, memory. Elevated procurement costs. Long lead times affecting supply continuity and impacting gross margin.
Analyst Q&A
Q: On scale across and revenue contribution,
A: Scale across will contribute at least a third of AI number.
Q: On scale up progress,
A: At least five to seven rack opportunities in design.
Q: On supply impact on revenue,
A: Supply chain issues limit revenue growth.
Q: On AI use cases and Neo Cloud,
A: Neo Cloud is underappreciated but strong, diverse accelerators create opportunities.
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-08-04.