Arista Networks (ANET) official guidance
Arista Networks (ANET) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteANETArista Networks, Inc.Q4 FY2026 · ends 2026-12-31
1 metric1 newearnings call · 2026-08-05 04:01:16 UTC
2026-08-05 04:01:16 UTC1 – 2new
I fully expect there to be one, maybe two 10% customers. I'll leave it at that just because we want all the flexibility on what's in the product sectors and who are the 10% customers as we ship.
ANET · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
ANETArista Networks, Inc.Q3 FY2026 · ends 2026-09-30
1 metric1 newearnings call · 2026-08-05 04:01:16 UTC
2026-08-05 04:01:16 UTC1.3Bnew0.2% vs Q3 FY2025
More specifically, our guidance for the third quarter is as follows. Revenues of approximately $3.3 billion. Gross margin of approximately 63%. Operating margin between 48%-49%. Diluted earnings per share between $1.06-$1.08 with approximately 1.279 billion diluted shares.
ANET · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
ANETArista Networks, Inc.FY2026 · ends 2026-12-31
1 metric1 maintainedearnings call · 2026-08-05 04:01:16 UTC
2026-08-05 04:01:16 UTC21.5%maintained413 bps vs FY2025
We have increased our fiscal 2026 operating margin target now at a range of 48%-49%, while maintaining an expected tax rate of 21.5%.
ANET · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-05-06 04:00:59 UTC21.5%maintained413 bps vs FY2025
Our operating margin outlook remains at approximately 46% for the fiscal year, with the tax rate expected at 21.5%.
ANET · transcript · Q1 FY2026
2026-05-06 04:00:00 UTCOpen source
2026-02-13 05:00:57 UTC21.5%new
Our structural tax rate is expected at 21.5%, back to the usual historical rate, up from the seasonally lower rate of 18.4% experienced last quarter, Q4 2025.
ANET · transcript · Q4 FY2025
2026-02-13 05:00:00 UTCOpen source
ANETArista Networks, Inc.Q3 FY2026 · ends 2026-09-30
2 metrics1 new1 maintainedearnings call · 2026-08-05 04:01:16 UTC
2026-08-05 04:01:16 UTC21.5%new69 bps vs Q3 FY2025
More specifically, our guidance for the third quarter is as follows. Revenues of approximately $3.3 billion. Gross margin of approximately 63%. Operating margin between 48%-49%. Diluted earnings per share between $1.06-$1.08 with approximately 1.279 billion diluted shares. Our effective tax rate is expected to be approximately 21.5%.
ANET · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-08-05 04:01:16 UTC$1.06 – $1.08maintained
More specifically, our guidance for the third quarter is as follows. Revenues of approximately $3.3 billion. Gross margin of approximately 63%. Operating margin between 48%-49%. Diluted earnings per share between $1.06-$1.08 with approximately 1.279 billion diluted shares.
ANET · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-08-04 20:07:04 UTC$1.06 – $1.08new
Non-GAAP diluted net income per share between $1.06 and $1.08.
ANET · EX-99.1 · Q2 FY2026
2026-08-04 20:06:44 UTCOpen source
ANETArista Networks, Inc.FY2026 · ends 2026-12-31
1 metric1 maintainedearnings call · 2026-08-05 04:01:16 UTC
2026-08-05 04:01:16 UTC62% – 64%maintained
Gross margin, we are maintaining the range for the fiscal year of 62%-64%, inclusive of mix and anticipated supply chain cost increases for memory and silicon.
ANET · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-05-06 04:00:59 UTC62% – 64%maintained
For gross margin, we reiterate the range for the fiscal year of 62%-64%, inclusive of mix and anticipated supply chain cost increases for memory and silicon.
ANET · transcript · Q1 FY2026
2026-05-06 04:00:00 UTCOpen source
2026-02-13 05:00:57 UTC62% – 64%maintained
For gross margin, we reiterate the range for the fiscal year of 62%-64%, inclusive of mix and anticipated supply chain cost increases for memory and silicon.
ANET · transcript · Q4 FY2025
2026-02-13 05:00:00 UTCOpen source
2025-11-05 05:01:08 UTC62% – 64%new
For gross margin, a range is expected of approximately 62%-64%, driven by customer mix, and for operating margin, an outlook of approximately 43%-45%, allowing for investments in relation to achieving the strategic goals of Arista.
ANET · transcript · Q3 FY2025
2025-11-05 05:00:00 UTCOpen source
ANETArista Networks, Inc.Q3 FY2026 · ends 2026-09-30
1 metric1 newearnings call · 2026-08-05 04:01:16 UTC
2026-08-05 04:01:16 UTC63%new
More specifically, our guidance for the third quarter is as follows. Revenues of approximately $3.3 billion. Gross margin of approximately 63%.
ANET · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
ANETArista Networks, Inc.FY2026 · ends 2026-12-31
1 metric1 raisedearnings call · 2026-08-05 04:01:16 UTC
2026-08-05 04:01:16 UTC48% – 49%raised +5.4%
We have increased our fiscal 2026 operating margin target now at a range of 48%-49%, while maintaining an expected tax rate of 21.5%.
ANET · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-05-06 04:00:59 UTC46%maintained
Our operating margin outlook remains at approximately 46% for the fiscal year, with the tax rate expected at 21.5%.
ANET · transcript · Q1 FY2026
2026-05-06 04:00:00 UTCOpen source
2026-02-13 05:00:57 UTC46%raised +4.5%
With our increased revenue guidance, we are now confident to raise the operating margin outlook to approximately 46% in 2026.
ANET · transcript · Q4 FY2025
2026-02-13 05:00:00 UTCOpen source
2025-11-05 05:01:08 UTC43% – 45%new
For gross margin, a range is expected of approximately 62%-64%, driven by customer mix, and for operating margin, an outlook of approximately 43%-45%, allowing for investments in relation to achieving the strategic goals of Arista.
ANET · transcript · Q3 FY2025
2025-11-05 05:00:00 UTCOpen source
ANETArista Networks, Inc.Q3 FY2026 · ends 2026-09-30
1 metric1 maintainedearnings call · 2026-08-05 04:01:16 UTC
2026-08-05 04:01:16 UTC48% – 49%maintained
More specifically, our guidance for the third quarter is as follows. Revenues of approximately $3.3 billion. Gross margin of approximately 63%. Operating margin between 48%-49%.
ANET · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-08-04 20:07:04 UTC48% – 49%new
Non-GAAP operating margin of 48 - 49%;
ANET · EX-99.1 · Q2 FY2026
2026-08-04 20:06:44 UTCOpen source
ANETArista Networks, Inc.FY2026 · ends 2026-12-31
3 metrics1 raisedearnings call · 2026-08-05 04:01:16 UTC
2026-08-05 04:01:16 UTCat least $3.5B
Within this guide, our 2026 campus revenue goal is at least $1.25 billion, and our AI Fabrics goal is at least $3.5 billion.
ANET · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-05-06 04:00:59 UTC$3.5Braised +7.7%
We also increased our AI target now to $3.5 billion this year, thereby more than doubling our AI sales annually.
ANET · transcript · Q1 FY2026
2026-05-06 04:00:00 UTCOpen source
2026-02-13 05:00:57 UTC$3.3Braised +18.2%
We maintain our 2026 campus revenue goal of $1.25 billion and raise our AI centers goal from $2.75 billion to $3.25 billion.
ANET · transcript · Q4 FY2025
2026-02-13 05:00:00 UTCOpen source
2025-11-05 05:01:08 UTC$2.8Bnew
Full-year revenue growth of approximately 20%, now at a higher dollar amount of $10.65 billion, inclusive of both a campus target of $1.25 billion and an AI center target of $2.75 billion.
ANET · transcript · Q3 FY2025
2025-11-05 05:00:00 UTCOpen source
2026-08-05 04:01:16 UTCat least $1.3B
Within this guide, our 2026 campus revenue goal is at least $1.25 billion, and our AI Fabrics goal is at least $3.5 billion.
ANET · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-05-06 04:00:59 UTC$1.3Bmaintained
We maintain our 2026 campus revenue goal of $1.25 billion and raise our AI fabrics goal from $3.25 billion-$3.5 billion.
ANET · transcript · Q1 FY2026
2026-05-06 04:00:00 UTCOpen source
2026-02-13 05:00:57 UTC$1.3Bmaintained
We maintain our 2026 campus revenue goal of $1.25 billion and raise our AI centers goal from $2.75 billion to $3.25 billion.
ANET · transcript · Q4 FY2025
2026-02-13 05:00:00 UTCOpen source
2025-11-05 05:01:08 UTC$1.3Bnew
Full-year revenue growth of approximately 20%, now at a higher dollar amount of $10.65 billion, inclusive of both a campus target of $1.25 billion and an AI center target of $2.75 billion.
ANET · transcript · Q3 FY2025
2025-11-05 05:00:00 UTCOpen source
2026-08-05 04:01:16 UTC$12.6Braised +9.6%39.9% vs FY2025
We are raising our 2026 fiscal year outlook to 40% revenue growth, equating to approximately $12.6 billion.
ANET · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-05-06 04:00:59 UTC$11.5Braised +2.2%27.7% vs FY2025
As Jayshree mentioned, we are now pleased to raise our 2026 fiscal year outlook to 27.7% revenue growth, delivering approximately $11.5 billion.
ANET · transcript · Q1 FY2026
2026-05-06 04:00:00 UTCOpen source
2026-02-13 05:00:57 UTC$11.3Braised +5.6%
As we have moved through 2025, we have gained visibility and confidence for fiscal year 2026. As Jayshree mentioned, we are now pleased to raise our 2026 fiscal year outlook to 25% revenue growth, delivering approximately $11.25 billion.
ANET · transcript · Q4 FY2025
2026-02-13 05:00:00 UTCOpen source
2025-11-05 05:01:08 UTC$10.7Bnew
Full-year revenue growth of approximately 20%, now at a higher dollar amount of $10.65 billion, inclusive of both a campus target of $1.25 billion and an AI center target of $2.75 billion.
ANET · transcript · Q3 FY2025
2025-11-05 05:00:00 UTCOpen source
ANETArista Networks, Inc.Q3 FY2026 · ends 2026-09-30
1 metric1 maintainedearnings call · 2026-08-05 04:01:16 UTC
2026-08-05 04:01:16 UTC$3.3Bmaintained43% vs Q3 FY2025
More specifically, our guidance for the third quarter is as follows. Revenues of approximately $3.3 billion.
ANET · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-08-04 20:07:04 UTC$3.3Bnew43% vs Q3 FY2025
Revenue of approximately $3.3 billion;
ANET · EX-99.1 · Q2 FY2026
2026-08-04 20:06:44 UTCOpen source
ANETArista Networks, Inc.FY2026 · ends 2026-12-31
2 metrics1 new1 maintainedearnings call · 2026-05-06 04:00:59 UTC
2026-05-06 04:00:59 UTC$180Mnew
We continue the construction work to build expanded facilities in Santa Clara. In Q1, we incurred approximately $40 million in CapEx related to this program and estimate it will reach $180 million in 2026.
ANET · transcript · Q1 FY2026
2026-05-06 04:00:00 UTCOpen source
2026-05-06 04:00:59 UTC1 – 2maintained
In terms of the new entrants, we still expect at least one, maybe two.
ANET · transcript · Q1 FY2026
2026-05-06 04:00:00 UTCOpen source
2026-02-13 05:00:57 UTC1 – 2new
With our ever-increasing AI momentum, we anticipate a diversified customer base in 2026, including one, maybe even two additional 10% customers.
ANET · transcript · Q4 FY2025
2026-02-13 05:00:00 UTCOpen source
ANETArista Networks, Inc.Q2 FY2026 · ends 2026-06-30
6 metrics3 new3 maintainedearnings call · 2026-05-06 04:00:59 UTC
2026-05-06 04:00:59 UTC1.3Bnew-0.1% vs Q2 FY2025
Diluted earnings per share of approximately $0.88 with approximately 1.27 billion diluted shares.
ANET · transcript · Q1 FY2026
2026-05-06 04:00:00 UTCOpen source
2026-05-06 04:00:59 UTC21.5%new378 bps vs Q2 FY2025
Our effective tax rate is expected to be approximately 21.5%.
ANET · transcript · Q1 FY2026
2026-05-06 04:00:00 UTCOpen source
2026-05-06 04:00:59 UTC$0.88maintained
Diluted earnings per share of approximately $0.88 with approximately 1.27 billion diluted shares.
ANET · transcript · Q1 FY2026
2026-05-06 04:00:00 UTCOpen source
2026-05-05 20:07:13 UTC$0.88new
Non-GAAP diluted net income per share of approximately $0.88.
ANET · EX-99.1 · Q1 FY2026
2026-05-05 20:06:48 UTCOpen source
2026-05-06 04:00:59 UTC62% – 63%new
Gross margin between 62% and 63%.
ANET · transcript · Q1 FY2026
2026-05-06 04:00:00 UTCOpen source
2026-05-06 04:00:59 UTC46% – 47%maintained
Operating margin between 46% and 47%.
ANET · transcript · Q1 FY2026
2026-05-06 04:00:00 UTCOpen source
2026-05-05 20:07:13 UTC46% – 47%new
Non-GAAP operating margin of 46 - 47%;
ANET · EX-99.1 · Q1 FY2026
2026-05-05 20:06:48 UTCOpen source
2026-05-06 04:00:59 UTC$2.8Bmaintained27% vs Q2 FY2025
More specifically now, our guidance for the second quarter is as follows. Now with the added quarterly metric of diluted earnings per share. Revenues of approximately $2.8 billion.
ANET · transcript · Q1 FY2026
2026-05-06 04:00:00 UTCOpen source
2026-05-05 20:07:13 UTC$2.8Bnew27% vs Q2 FY2025
Revenue of approximately $2.8 billion;
ANET · EX-99.1 · Q1 FY2026
2026-05-05 20:06:48 UTCOpen source
ANETArista Networks, Inc.Q1 FY2026 · ends 2026-03-31
5 metrics2 new3 maintainedearnings call · 2026-02-13 05:00:57 UTC
2026-02-13 05:00:57 UTC1.3Bnew-0.3% vs Q1 FY2025
Our effective tax rate is expected to be approximately 21.5%, with approximately 1.275 billion diluted shares.
ANET · transcript · Q4 FY2025
2026-02-13 05:00:00 UTCOpen source
2026-02-13 05:00:57 UTC21.5%new671 bps vs Q1 FY2025
Our effective tax rate is expected to be approximately 21.5%, with approximately 1.275 billion diluted shares.
ANET · transcript · Q4 FY2025
2026-02-13 05:00:00 UTCOpen source
2026-02-13 05:00:57 UTC62% – 63%maintained
With all of this as a backdrop, our guidance for the first quarter is as follows: revenues of approximately $2.6 billion, gross margin between 62%-63%, and operating margin at approximately 46%.
ANET · transcript · Q4 FY2025
2026-02-13 05:00:00 UTCOpen source
2026-02-12 21:08:23 UTC62% – 63%new
Non-GAAP gross margin between approximately 62-63%;
ANET · EX-99.1 · Q4 FY2025
2026-02-12 21:07:57 UTCOpen source
2026-02-13 05:00:57 UTC46%maintained
With all of this as a backdrop, our guidance for the first quarter is as follows: revenues of approximately $2.6 billion, gross margin between 62%-63%, and operating margin at approximately 46%.
ANET · transcript · Q4 FY2025
2026-02-13 05:00:00 UTCOpen source
2026-02-12 21:08:23 UTC46%new
Non-GAAP operating margin of approximately 46%.
ANET · EX-99.1 · Q4 FY2025
2026-02-12 21:07:57 UTCOpen source
2026-02-13 05:00:57 UTC$2.6Bmaintained29.7% vs Q1 FY2025
With all of this as a backdrop, our guidance for the first quarter is as follows: revenues of approximately $2.6 billion, gross margin between 62%-63%, and operating margin at approximately 46%.
ANET · transcript · Q4 FY2025
2026-02-13 05:00:00 UTCOpen source
2026-02-12 21:08:23 UTC$2.6Bnew29.7% vs Q1 FY2025
Revenue of approximately $2.6 billion;
ANET · EX-99.1 · Q4 FY2025
2026-02-12 21:07:57 UTCOpen source
ANETArista Networks, Inc.FY2025 · ends 2025-12-31
1 metric1 newearnings call · 2025-11-05 05:01:08 UTC
2025-11-05 05:01:08 UTC$100Mnew
In October 2024, we began our initial construction work to build expanded facilities in Santa Clara, and we expect to incur approximately $100 million in CapEx during fiscal year 2025 for this project.
ANET · transcript · Q3 FY2025
2025-11-05 05:00:00 UTCOpen source
ANETArista Networks, Inc.Q4 FY2025 · ends 2025-12-31
2 metrics2 newearnings call · 2025-11-05 05:01:08 UTC
2025-11-05 05:01:08 UTC1.3Bnew-0.2% vs Q4 FY2024
Our effective tax rate is expected to be approximately 21.5% with approximately $1.281 billion diluted shares.
ANET · transcript · Q3 FY2025
2025-11-05 05:00:00 UTCOpen source
2025-11-05 05:01:08 UTC21.5%new1161 bps vs Q4 FY2024
Our effective tax rate is expected to be approximately 21.5% with approximately $1.281 billion diluted shares.
ANET · transcript · Q3 FY2025
2025-11-05 05:00:00 UTCOpen source
ANETArista Networks, Inc.FY2025 · ends 2025-12-31
1 metric1 newearnings call · 2025-11-05 05:01:08 UTC
2025-11-05 05:01:08 UTC64%new
For gross margin, the outlook is approximately 64%, inclusive of possible known tariff scenarios.
ANET · transcript · Q3 FY2025
2025-11-05 05:00:00 UTCOpen source
ANETArista Networks, Inc.Q4 FY2025 · ends 2025-12-31
1 metric1 maintainedearnings call · 2025-11-05 05:01:08 UTC
2025-11-05 05:01:08 UTC62% – 63%maintained
Gross margin in the range of 62%-63%, inclusive of possible known tariff scenarios.
ANET · transcript · Q3 FY2025
2025-11-05 05:00:00 UTCOpen source
2025-11-04 21:09:12 UTC62% – 63%new
•Non-GAAP gross margin of 62-63%; and
ANET · EX-99.1 · Q3 FY2025
2025-11-04 21:08:44 UTCOpen source
ANETArista Networks, Inc.FY2025 · ends 2025-12-31
1 metric1 newearnings call · 2025-11-05 05:01:08 UTC
2025-11-05 05:01:08 UTC48%new
We anticipate operating margin of roughly 48%, demonstrating Arista's strong operational execution and scalable business model.
ANET · transcript · Q3 FY2025
2025-11-05 05:00:00 UTCOpen source
ANETArista Networks, Inc.Q4 FY2025 · ends 2025-12-31
1 metric1 maintainedearnings call · 2025-11-05 05:01:08 UTC
2025-11-05 05:01:08 UTC47% – 48%maintained
Operating margin of approximately 47%-48%.
ANET · transcript · Q3 FY2025
2025-11-05 05:00:00 UTCOpen source
2025-11-04 21:09:12 UTC47% – 48%new
•Non-GAAP operating margin of 47-48%.
ANET · EX-99.1 · Q3 FY2025
2025-11-04 21:08:44 UTCOpen source
ANETArista Networks, Inc.FY2025 · ends 2025-12-31
3 metrics3 newearnings call · 2025-11-05 05:01:08 UTC
2025-11-05 05:01:08 UTCat least $1.5Bnew
We are on track to deliver between $750 million-$800 million for our campus segment, and our AI center target of at least $1.5 billion.
ANET · transcript · Q3 FY2025
2025-11-05 05:00:00 UTCOpen source
2025-11-05 05:01:08 UTC$750M – $800Mnew
We are on track to deliver between $750 million-$800 million for our campus segment, and our AI center target of at least $1.5 billion.
ANET · transcript · Q3 FY2025
2025-11-05 05:00:00 UTCOpen source
2025-11-05 05:01:08 UTC$8.9Bnew26.7% vs FY2024
Full-year revenue growth of approximately 26%-27%, or $8.87 billion at the midpoint.
ANET · transcript · Q3 FY2025
2025-11-05 05:00:00 UTCOpen source
ANETArista Networks, Inc.Q4 FY2025 · ends 2025-12-31
1 metric1 maintainedearnings call · 2025-11-05 05:01:08 UTC
2025-11-05 05:01:08 UTC$2.3B – $2.4Bmaintained19.1% – 24.3% vs Q4 FY2024
Revenue of $2.3 billion-$2.4 billion with continued growth expected across our cloud, AI, enterprise, and providers markets.
ANET · transcript · Q3 FY2025
2025-11-05 05:00:00 UTCOpen source
2025-11-04 21:09:12 UTC$2.3B – $2.4Bnew19.1% – 24.3% vs Q4 FY2024
•Revenue of $2.3-$2.4 billion
ANET · EX-99.1 · Q3 FY2025
2025-11-04 21:08:44 UTCOpen source