Arista Networks (ANET) Earnings Dates, Call Summary & Reports

11,333 Followers

Earnings Data

Report Date

Aug 03, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.87

Last Year’s EPS

0.73

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 17 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 05, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed strong commercial and financial momentum: high revenue growth (Q1 revenue +35.1% YoY), robust profitability, record operating cash flow, a raised full-year revenue target and an increased AI sales target. Product and market advances (number-one share >10GbE, >100 vendors endorsing XPO, numerous enterprise and cloud wins) support durable demand. Key concerns centered on industry-wide supply constraints (extended lead times, higher procurement costs), gross margin pressure from mix and supply premiums, deferred revenue/acceptance timing volatility, and elevated purchase commitments and inventory. Overall, the positives (growth, profitability, cash, AI traction, product leadership) outweigh the operational and supply-chain headwinds, but management expects supply-driven volatility in near-term quarters.

Company Guidance

Arista guided Q2 revenue of approximately $2.8 billion with gross margin of 62–63%, operating margin of 46–47%, diluted EPS of about $0.88 on ~1.27 billion diluted shares, and an effective tax rate near 21.5%. For fiscal 2026 they raised revenue growth to 27.7% targeting roughly $11.5 billion, reiterated a FY gross margin range of 62–64% and an operating margin of ~46% (tax rate ~21.5%), raised the AI fabrics target to $3.5 billion (from $3.25B) and maintained a campus revenue goal of $1.25 billion. Management also noted Q1 as the starting base (Q1 revenue $2.71B; Q1 gross margin 62.4%; operating income $1.29B or 47.8%; net income $1.11B or 40.9%; diluted EPS $0.87 on 1.27B shares) and warned of working-capital variability amid supply constraints (cash ≈ $12.35B; cash from ops ≈ $1.69B; inventory $2.38B; inventory turns 1.7; purchase commitments $8.9B; deferred revenue $6.2B).

Strong Revenue Beat and Upgraded Full-Year Guidance

Q1 revenue of $2.71B, up 35.1% year-over-year and above guidance of $2.6B. Management raised FY2026 revenue growth target to 27.7% (approximately $11.5B) and provided Q2 revenue guidance of ~ $2.8B.

Robust Profitability and EPS Growth

Operating income of $1.29B (47.8% of revenue) and net income of $1.11B (40.9% of revenue). Diluted EPS was $0.87, up 31.8% year-over-year. Company maintains ~46% operating margin outlook for the year.

Record Operating Cash Flow and Strong Liquidity

Generated $1.69B of cash from operations in the quarter (the strongest in company history). Cash, cash equivalents and marketable securities totaled ~$12.35B.

Accelerating AI and Product Momentum

Raised AI target to $3.5B (up from $3.25B) and expects to more than double AI sales annually. Over 100 cumulative customers in 800G deployments with plans for 1.6T production scale in 2027. Launched XPO optics form factor endorsed by >100 vendors (notable features: 12.8Tb per pluggable module, 204.8Tb per OCP rack unit, integrated cold plate up to 400W).

Market Share and Strategic Wins

Management reports the number one market share in high-speed switching (>10GbE) per major analysts. Notable customer wins across Neo Cloud AI, service provider backbone upgrades, insurance observability deployments, and large-scale manufacturing rollouts—showing broad sector traction.

Improved Customer Sentiment and Product Adoption

Net Promoter Score improved from 87 to 89 (cited as translating to 94% customer approval). Continued traction of EOS, AVD automation tooling, EtherLink portfolio and 7800R series in AI and scale-across use cases.

Operational Efficiency Improvements

Operating expenses slightly down to $396.8M (14.6% of revenue). R&D investment remained strong at $271.5M (10% of revenue). DSOs improved to 64 days (from 70 days) and inventory turns modestly improved to 1.7 (from 1.5).

Arista Networks (ANET) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ANET Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 03, 2026	2026 (Q2)	0.87 / -	0.73	―	―	―
May 05, 2026	2026 (Q1)	0.81 / 0.87	0.65	33.85% (+0.22)	―
Feb 12, 2026	2025 (Q4)	0.76 / 0.82	0.65	26.15% (+0.17)
Sep 30, 2025	2025 (Q3)	0.72 / 0.75	0.6	25.00% (+0.15)	―	―
Aug 05, 2025	2025 (Q2)	0.65 / 0.73	0.525	39.05% (+0.20)
May 06, 2025	2025 (Q1)	0.59 / 0.65	0.498	30.52% (+0.15)
Feb 18, 2025	2024 (Q4)	0.57 / 0.65	0.52	25.00% (+0.13)
Nov 07, 2024	2024 (Q3)	0.52 / 0.60	0.458	31.00% (+0.14)
Jul 30, 2024	2024 (Q2)	0.49 / 0.53	0.395	32.91% (+0.13)
May 07, 2024	2024 (Q1)	0.43 / 0.50	0.358	39.11% (+0.14)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ANET Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 12, 2026	$135.12	$141.59	+4.79%
Sep 30, 2025	$145.71	$149.27	+2.44%
Aug 05, 2025	$118.12	$138.78	+17.49%
May 06, 2025	$90.77	$86.45	-4.76%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.