The earnings call for Arista Networks highlighted strong revenue growth, increased annual growth targets, and strategic acquisitions. Despite the loss of a key AI customer and deferred revenue volatility, the company showed robust performance metrics and a positive outlook for the remainder of the year.

Company Guidance -

Q3 2025

During the earnings call, Arista Networks provided guidance indicating strong growth expectations for the fiscal year 2025. The company reported record second-quarter revenues of $2.2 billion, surpassing their plan by $100 million, with a non-GAAP gross margin of 65.6%. Arista raised its annual growth forecast to 25%, targeting $8.75 billion in revenue, due to increased momentum in AI, cloud, and enterprise sectors. The company highlighted its AI center strategy, focusing on both scale-out and scale-up networks, and the recent acquisition of SD-WAN leader VeloCloud to enhance its enterprise offerings. Operating income reached $1.08 billion, with a net income of $923.5 million and a diluted earnings per share of $0.73. For Q3, Arista expects revenues of approximately $2.25 billion, a gross margin of 64%, and an operating margin of 47%. The company also announced a continued focus on innovation and customer engagement, with plans to reach $10 billion in revenue by 2026.

Record Q2 2025 Revenue

Arista Networks achieved record revenue of $2.2 billion in Q2 2025, surpassing their plan by $100 million and marking a 30.4% year-over-year increase.

Increased 2025 Annual Growth Target

Arista raised its 2025 annual growth target to 25%, aiming for $8.75 billion in revenue, an increase of $550 million due to strong momentum across AI, cloud, and enterprise sectors.

Strong Gross Margin

The non-GAAP gross margin for Q2 2025 was 65.6%, above the guidance of 63%, driven by improved inventory management and efficient supply chain operations.

AI Networking Revenue Growth

Arista's AI networking revenue is expected to exceed $1.5 billion in 2025, with significant contributions from back-end AI networking, which is incremental revenue.

VeloCloud Acquisition

Arista announced the acquisition of SD-WAN leader VeloCloud to enhance its branch offerings, with plans to integrate VeloCloud's technology into Arista's portfolio.

High Operating Margin

The operating margin for Q2 2025 was 48.8%, a record high, reflecting Arista's efficient business model.

Arista Networks (DE:1170) Earnings, Revenues Date & History

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DE:1170 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 03, 2025	2025 (Q3)	0.62 / -	0.516	―	―	―
Aug 05, 2025	2025 (Q2)	0.56 / 0.63	0.452	39.05% (+0.18)
May 06, 2025	2025 (Q1)	0.51 / 0.56	0.429	30.52% (+0.13)
Feb 18, 2025	2024 (Q4)	0.49 / 0.56	0.448	25.00% (+0.11)
Nov 07, 2024	2024 (Q3)	0.45 / 0.52	0.394	31.00% (+0.12)
Jul 30, 2024	2024 (Q2)	0.42 / 0.45	0.34	32.91% (+0.11)
May 07, 2024	2024 (Q1)	0.37 / 0.43	0.308	39.11% (+0.12)
Feb 12, 2024	2023 (Q4)	0.37 / 0.45	0.303	47.73% (+0.14)
Oct 30, 2023	2023 (Q3)	0.34 / 0.39	0.269	46.79% (+0.13)
Jul 31, 2023	2023 (Q2)	0.31 / 0.34	0.232	46.30% (+0.11)

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

DE:1170 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	€102.14	€117.84	+15.37%
May 06, 2025	€79.55	€76.54	-3.78%
Feb 18, 2025	€106.08	€99.97	-5.76%
Nov 07, 2024	€99.92	€93.90	-6.03%

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.