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Arista Networks (ANET)
NYSE:ANET
Earnings Data
Report Date
May 04, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.81Last Year’s EPS
0.65Same Quarter Last Year
Strong Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strongly positive operational and financial story: record FY2025 revenue and profitability, robust cash generation, significant AI momentum with raised 2026 guidance (25% revenue growth and a $3.25B AI networking target), international expansion, and continued product/technology wins. Offsetting these positives are meaningful near-term headwinds: worsening memory shortages and higher component costs, deferred revenue lumpiness and recognition timing uncertainty, a sharp quarter-to-quarter services normalization, and working capital volatility (DSO and inventory dynamics). Management believes the guidance is achievable but flagged supply and timing risks that could affect the pace of shipments and margins.Company Guidance
Record Revenue and Strong Top-Line Growth
Fiscal 2025 revenue reached $9,000,000,000, up 28.6% year-over-year; Q4 revenue was $2,490,000,000, up 28.9% YoY and above guidance. Company raised 2026 revenue guidance to approximately $11,250,000,000 (25% growth).
Robust Profitability and Margins
Fiscal 2025 non-GAAP gross margin was 64.6% and non-GAAP operating margin was 48.2%. Q4 operating income was $1,200,000,000 (47.5% of revenue). Q4 net income was $1,050,000,000 (42% of revenue), marking the first quarter with net income > $1B.
Earnings Per Share and Year-over-Year EPS Growth
Diluted EPS for Q4 was $0.82, up 24.2% YoY. Fiscal 2025 diluted EPS was $2.98, up 28.4% YoY.
Strong Cash Position and Share Repurchases
Cash, cash equivalents and marketable securities totaled approximately $10,740,000,000. The company generated ~$1,260,000,000 of cash from operations in Q4 and repurchased $620,100,000 of common stock in the quarter ($1.6B repurchased in fiscal 2025).
Accelerating AI Momentum and Raised AI Targets
AI networking momentum: raised AI centers target to $3,250,000,000 for 2026 (up from $2.75B), and guided AI networking revenue to $3,250,000,000 for 2026 (doubling from 2025). Cloud & AI titans accounted for ~48% of 2025 revenue.
Product and Technology Wins
Surpassed 150,000,000 cumulative ports shipped in Q4 2025; strong adoption of 800G with >100 customers for EtherLink; launched 7800R4 spine and continuing rollout of 7000 Series and EtherLink Spine/Leaf families; co-designs for AI rack systems and development toward 1.6T switching.
International and Customer Expansion
International growth 'north of 40%' annually in Asia and Europe; Q4 international revenue $528,300,000 (21.2% of total). Company is north of 10,000 cumulative customers and reported a Net Promoter Score of 93%.
Subscription & Software Contribution and Customer Additions
Subscription-based network software and services contributed approximately 17% of revenue for the year. Management highlighted continued CloudVision traction, noting an incremental add of CloudVision customers (aggregate CloudVision customers deployed cited at ~3,000 over the past decade) and ongoing subscription momentum.
Disciplined Operating Spend and Investment in R&D
Fiscal year 2025 R&D spend ~11% of revenue; sales & marketing at ~4.5% of revenue and G&A ~1% of revenue, reflecting high operating leverage and continued investment in product and scaling.
ANET Earnings History
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.
FAQ
When does Arista Networks (ANET) report earnings?
Arista Networks (ANET) is schdueled to report earning on May 04, 2026, After Close (Confirmed).
What is Arista Networks (ANET) earnings time?
Arista Networks (ANET) earnings time is at May 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ANET EPS forecast?
ANET EPS forecast for the fiscal quarter 2026 (Q1) is 0.81.
