Arista's revenue re-accelerated to $3.7B in Q3 2026, up 58.5% year over year, while gross margin has held in a tight 61.9% to 65.2% band, suggesting pricing power and disciplined cost control.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue climbed from $1.7B in Q2 2024 to $3.7B in Q3 2026 while operating margin expanded from 41.4% to 44.9%, suggesting operating leverage is outpacing spending growth.
Arista is positioned to benefit from the ongoing buildout of AI-driven data center infrastructure, driven by strong hyperscale demand.
The company is projected to achieve year-over-year revenue growth of around 30%, fueled by increased capital investments from cloud service providers.
Arista's adoption of XPOspec and XPO/LPO technologies, along with strong partnerships, enhances its market position.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 3, 2026 | $1.20+11.1% vs $1.08 | $3.7B+9.7% vs $3.3B |
Q3 2026 Aug 4, 2026 | $1.02+15.1% vs $0.89 | $3.0B+7.3% vs $2.8B |
Q2 2026 May 5, 2026 | $0.87+7.7% vs $0.81 | $2.7B+3.4% vs $2.6B |
Q1 2026 Feb 12, 2026 | $0.82+8.2% vs $0.76 | $2.5B+4.3% vs $2.4B |
Arista Networks, Inc. ANET has fallen 21.2% in the past four weeks, even as its latest results showed accelerating growth. That disconnect raises a straightforward question for investors: has the selloff improved the risk-reward setup, or are the shares still vulnerable to execution and valuation pressure?
Arista Networks' surging earnings and AI networking demand fuel growth prospects, but its 32.0X forward P/E and customer concentration raise questions for buyers.
Arista Networks remains highly attractive due to 30% revenue and 32% earnings growth. ANET's competitive advantages, execution, and strong growth justify a renewed buy recommendation. Compelling AI demand outweighs concerns about the possible slowdown in data center rollouts.
Arista Networks maintains a dominant position in high-speed networking for major cloud and artificial intelligence infrastructure providers. ServiceNow offers a premier cloud-based platform designed to automate complex enterprise workflows using artificial intelligence.
Benchmark ANET against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Arista Networks, Inc. (ANET)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $170.80 | $215.07B | 62.11 | 28.6% | 38.99% | 31.4% | — | |
| $93.85 | $369.9B | 28.18 | 11.77% | 20.95% | 27.39% | 1.75% | |
| $24.03 | $3.14B | 184.85 | -70.3% | 3.99% | 59.74% | — | |
| $243.39 | $34.45B | 286.34 | 18.79% | 10.87% | 22.82% | — | |
| $18.88 | $506.74M | -16.56 | 2.91% | -5.91% | -8.42% | — | |
| $44.76 | $59.26B | -1003.48 | 14.06% | 6.57% | 10.85% | 1.34% |
Arista Networks, Inc. (ANET) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Arista Networks, Inc. (ANET) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 3, 2026·SEC
Aug 4, 2026·SEC
Jun 2, 2026·SEC
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Arista Networks, Inc. (ANET) stock FAQ — growth, dividends, profitability & financials explained
Arista Networks, Inc. (ANET) reported $11.89B in revenue over the trailing twelve months. Revenue was $9.01B in fiscal year 2025. That is 4556% more than the $193.4M of fiscal year 2012.
Arista Networks, Inc. (ANET) grew revenue by 28.6% in fiscal year 2025, compared with the prior fiscal year.
Yes. Arista Networks, Inc. (ANET) earned $4.75B in net income over the trailing twelve months (a 40.0% net margin).
Arista Networks, Inc. (ANET) had a return on equity (ROE) of 31.4% in fiscal year 2025. That is well above the market's typical 10-15%.
Arista Networks, Inc. (ANET) generated $5.02B in free cash flow over the trailing twelve months.
