Earnings

Arista Networks · Q2 2026

ANET · Communications · Data Center Networking Hardware

Arista delivered the first $3 billion quarter in its 22-year history: revenue rose 37.7% to $3.04 billion, adjusted earnings of $1.02 came in about 13% above expectation, and full-year 2026 guidance was raised for the third time this year, to $12.6 billion. The stock popped roughly 12% after hours to an all-time high, then handed back most of that gain and closed the next session up only 3.6%, because the shares had already climbed 63% over the prior year. What matters next is where gross margin goes from 63.4% and how few cloud customers the growth still rests on.