Share Arista Networks (ANET) Q3 2026 Earnings Review: Sales surge and Q4 outlook signals further growth
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Earnings results
Arista NetworksANET · Computer Hardware
ANET · November 3, 2026After close · Since the same-day regular close
+12.10%Session snapshot

Arista Networks (ANET) Q3 2026 Earnings Review: Sales surge and Q4 outlook signals further growth

Earnings results

  • EPS beat $0.12

    Actual: $1.20 adjusted · Cons.: $1.08

  • Revenue beat about 9.8%

    Actual: $3.66B · Cons.: $3.33B

  • Guidance issued

    Q4 revenue $3.9–4.0B; adjusted EPS $1.26–$1.30.

By Stocks To Buy Now AI ResearchPublished

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Rack-mounted Arista network switch with connected cables
Archive photograph of an Arista network switch used at The Gathering in Norway, April 2025. Illustrative product image. Photo: Premeditated / Wikimedia Commons · CC BY-SA 4.0 · Wikimedia-supplied thumbnail; displayed with a responsive crop.
THE CATALYST

What the company reported

Arista reported 58.5% revenue growth and adjusted earnings above consensus, while its new fourth-quarter sales outlook points to further sequential expansion.

AT A GLANCE

Q3 2026 earnings recap

Arista’s sales growth accelerated to 58.5%, and its fourth-quarter outlook points to further expansion as the networking company scales its cloud and AI business.

  • Adjusted profit per share reached $1.2 versus the $1.08 consensus, while revenue of $3.66 billion exceeded the $3.33 billion forecast.
  • The new fourth-quarter outlook calls for $3.9–4.0 billion in sales and adjusted profit of $1.26–$1.3 per share, extending growth beyond the record third quarter.
  • Adjusted operating margin rose to 49.1% from 48.6% a year earlier, though the fourth-quarter range of 48–49% leaves room for some easing.
  • Operating cash flow reached $3.98 billion over nine months against $185 million in equipment spending, supporting the company’s capacity to fund expansion.
  • At the November 3 close, the shares traded at about 46 times trailing reported earnings, making sustained growth important to supporting the valuation.
  • The stock gained about 12.6% after close versus its $169.91 regular close, bringing the $187–194 area around its recent price averages back into focus.

Watch delivery against the fourth-quarter outlook, because reliance on large customers and limited chip suppliers can make growth uneven.

THE VISUAL RESEARCH

Financials, technicals and earnings

Charts through Nov 3, 2026.

Financials
Technicals
Earnings & peers
WHAT TO WATCH

Technical setup and risks

The regular close remained below the 20-day and 50-day averages before earnings; the after-close recovery approaches the $187–194 area, where regular-session confirmation matters.

AI-assisted earnings research with verified issuer results. Charts use the stated completed session. Educational information; investing involves risk.

EXPLORE COMPANY RESEARCH

Arista Networks: the full stock picture

Earnings history, financials, price action and peer comparisons — all below.
Open ANET stock page ↗

EXPLORE THE COMPANY

Arista Networks (ANET)

Explore earnings, price action, financials and industry comparisons.

Symbol
ANET
Sector
Technology
Industry
Computer Hardware
Instrument type
EQUITY

Profile information from our saved company catalog. This is not a live quote or confirmation of current listing status.

EARNINGS & COMPANY RESEARCH

ANET earnings, valuation & price action

View in calendar ↗
NEXT EXPECTED REPORTNov 3 2026After close · ET
EPS ESTIMATE1.08
REVENUE ESTIMATE3.33B

Expected dates may change. Estimates use the source’s reporting currency. Quotes and research are snapshots, not live prices.

COMPANY RESEARCH · Technology

Arista Networks, Inc. ANET

Computer Hardware · Updated 11/3/2026

Adjusted closing price · USD164.14 Nov 2
108146183221Oct 30May 4Nov 2
Price50-day average200-day average+3.6% in view
VALUATION & EXPECTATIONS
Trailing P/E56.4×
Forward P/E39.9×
Trailing P/S21.7×
Forward P/S18.0×
EPS beat rate100%
Revenue beat rate88%
Positive window38%

EPS beats: 8 of 8 comparable reports. Positive price windows: 3 of 8.

Market caps may be up to 14 days old; prices up to seven days old; ratios and analyst estimates up to fourteen days old. Forward multiples use consensus for the fiscal year ending 2026-12-31, not the next 12 months. Negative or unavailable earnings multiples show “N/A”. Forward ADR multiples are omitted when the currency/share basis is not reconciled.

50-day average194.73
200-day average165.34
RSI (14)33
20-day range168.86 – 216.74
Relative volume1.2×
1-year change+3.6%
Last eight reported earnings for ANET
Report dateEPS estimateEPS actualSurpriseResultRevenue actualPrice window*5 sessions*
Aug 4 20260.891.02+15.1%Beat3.04B+6.7%+7.0%
May 5 20260.810.87+7.7%Beat2.71B-14.8%-17.4%
Feb 12 20260.760.82+8.2%Beat2.49B+0.7%-5.6%
Nov 4 20250.720.75+4.5%Beat2.31B-10.9%-14.4%
Aug 5 20250.650.73+12.5%Beat2.2B+15.3%+17.4%
May 6 20250.590.65+10.2%Beat2B-4.3%+7.6%
Feb 18 20250.570.65+14.6%Beat1.93B-2.8%-13.1%
Nov 7 20240.520.60+15.4%Beat1.81B-5.4%-8.8%

*Adjusted close before the report date to the first (or fifth) trading close after it. This window can span two sessions and is not an isolated earnings-day return. Figures may be revised by the provider.

Smart Money activity

Recent insider and politician transactions, and disclosed fund positions for ANET.

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More ANET research Data,

ANET earnings previews and market catalysts

November 3 after-close earnings preview: AI margins, travel demand and insurance costs in focus
2026-11-03 · Ahead of November 3 after-close earnings, watch whether AMD and Arista turn AI demand into profitable growth, Booking sustains travel demand, and insurers contain costs. Amgen, Block and IFF add distinct business tests.

November 3 earnings preview: AMD and Arista test AI demand as travel and insurers report
2026-11-03 · AMD and Arista put AI spending in focus after close on November 3. Amgen, Booking, Block, AIG, Prudential and IFF add tests of drug growth, travel demand and financial resilience.

Top Market Events to Watch This Week (November 2–6, 2026 | U.S. Eastern Time)
2026-11-01 · Jobs data, U.S. midterm elections and business surveys shape the week, alongside Apple, AMD and other earnings. Watch how demand, costs and company guidance change the outlook for stock prices.

Arista earnings ahead: can AI networking growth protect profit margins?
2026-10-29 · Meta has confirmed Arista equipment inside its Prometheus AI network. November 3 earnings will test how demand turns into sales and profit as investors weigh faster growth against a demanding valuation.

All upcoming earnings catalysts →

02 / FINANCIALS

Arista Networks financials

Revenue, earnings, cash flow and financial strength in one view.

Reporting currency unconfirmed.

Revenue
Net income
Gross profit
Operating income
EBITDA
Operating cash flow
Capital expenditure
Cash
Total assets
Total liabilities
Shareholder equity
Total debt
Net profit margin
Gross margin
Short interest: days to cover
How to read these financial metrics

Figures use the app’s saved statements for the displayed period, not a trailing-year total. Margins divide profit by revenue; quick ratio uses current assets less inventory divided by current liabilities. Compare dates and currencies before comparing companies.

03 / WHAT COMES NEXT

Arista Networks event catalysts

Company earnings and scheduled market events that may change expectations.

2026-11-03

ANET earnings

Watch reported results, management’s outlook and the share-price reaction.

See earnings expectations ↑
2026-11-0310:00 AM ET

JOLTS job openings

Watch vacancies and quits for signs of labor-market cooling.

Release schedule ↗Scheduled
2026-11-0410:00 AM ET

ISM services PMI

Services prices and employment can influence the outlook for inflation and rates.

Release schedule ↗Scheduled
2026-11-058:30 AM ET

Initial jobless claims

Use the multiweek trend to distinguish normal volatility from a sustained increase in layoffs.

Release schedule ↗Scheduled
2026-11-068:30 AM ET

Jobs report · payrolls & unemployment

Read revisions and wages alongside the headline. Strong hiring can support demand but also lift rate expectations.

Release schedule ↗Scheduled
2026-11-0610:00 AM ET

Consumer sentiment · preliminary

Watch changes in inflation expectations as well as sentiment.

Release schedule ↗Scheduled
2026-11-108:30 AM ET

CPI inflation

Compare headline and core inflation with expectations; watch Treasury yields and growth stocks.

Release schedule ↗Scheduled
2026-11-11Time not announced

MSCI · index review announcement

Review official additions, deletions and weight changes; release time is not specified here.

Release schedule ↗Scheduled
2026-11-128:30 AM ET

Initial jobless claims

Use the multiweek trend to distinguish normal volatility from a sustained increase in layoffs.

Release schedule ↗Scheduled

Dates use U.S. Eastern time and can change. Calendar events provide context; they do not determine the direction of a stock move.

04 / SIDE BY SIDE

Compare ANET with its peers

Computer Hardware · Compare valuation, financial strength and price performance.

Companies with valuation data6
Peer median positive P/E27.9×
ANET P/E56.4×
ANET peer comparison: valuation
CompanyPriceMarket capP/EForward P/EP/SForward P/S
ANETArista Networks2026-11-02 · USD164.14228.52B56.4×39.9×21.7×18.0×
CSCOCisco Systems, Inc.2026-11-02 · USD101.61424.03B32.0×19.9×6.7×5.8×
DELLDell Technologies Inc.2026-11-02 · USD392.58302.37B27.2×15.2×2.0×1.6×
HPEHewlett Packard Enterprise Company2026-11-03 · USD53.9074.5B27.9×11.5×1.8×1.4×
IBMInternational Business Machines Corporation2026-11-02 · USD252.51243.66B21.7×20.3×3.5×3.5×
NTAPNetApp, Inc.2026-11-03 · USD190.6641.24B29.2×19.1×5.6×5.0×
ANET56.4×
CSCO32.0×
DELL27.2×
HPE27.9×
IBM21.7×
NTAP29.2×

The peer median excludes the selected stock and is based on 5 available positive multiples. P/E median excludes negative or missing earnings multiples. Peer reports can have different fiscal periods and currencies; values are not currency-converted.

05 / PEER ANALYSIS

Explore ANET alongside its peers

Computer Hardware · 14 companies · Cached market data

Comparison

Compare companies

Tap a bubble to inspect a company, then × to hide it. Undo restores the last company hidden. Bubble area reflects market cap, with a minimum size for visibility.

Price / sales
0.0×08.1×111.88B16.2×223.75B24.2×335.63BDELL · Dell Technologies Market cap: 302.37B Price / sales: 2.0×SNDK · Sandisk Market cap: 155.38B Price / sales: 5.4×HPQ · HP Market cap: 25.27B Price / sales: 0.4×ANET · Arista Networks, Inc. Market cap: 228.52B Price / sales: 21.7×Hide ANET · Undo restores itMarket cap
ANETArista Networks, Inc.

Market cap: 228.52B
Price / sales: 21.7×

Valuation snapshot: 2026-11-02
View research ↗
4 of 14 companies have both plotted values.

P/S distribution

Trailing price-to-sales multiples · 4 companies

Median P/S3.7×
Middle 50%1.6× to 9.4×
ANET P/S21.7×
ANET
0.4×22.8×

Tap a bar to see the companies in that P/S range. ANET has a higher P/S than 75% of this group.

10 companies excluded from P/S statistics because sales are non-positive or the saved multiple is missing. Statistics include all valid positive values, including those outside the focused chart range.

Companies

Showing 8 of 14 matching companies · Largest market cap first

  • Market cap 302.37BP/E 27.2×P/S 2.0×Forward P/E Forward P/S Price snapshot: 2026-11-02
    ↗
  • Market cap 228.52BP/E 56.4×P/S 21.7×Forward P/E Forward P/S Price snapshot: 2026-11-02
    ↗
  • Market cap 188.03BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗
  • Market cap 181.72BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗
  • Market cap 155.38BP/E 8.1×P/S 5.4×Forward P/E Forward P/S Price snapshot: 2026-11-02
    ↗
  • Market cap 25.27BP/E 10.6×P/S 0.4×Forward P/E Forward P/S Price snapshot: 2026-11-03
    ↗
  • Market cap 18.53BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗
  • Market cap 15.05BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗

Explore industries

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U.S.-listed companies from the app’s catalog. Medians use saved positive P/E values; coverage and snapshot dates vary.

How this comparison works

Uses the saved companies from the same industry and listing market, including ANET, ordered by cached market cap. Company snapshots can have different dates; the web cache may cover fewer metrics and periods than the app.

Periods end at each company’s dated price snapshot. Change compares the latest saved observation with one at or before the selected period’s start. A daily price change uses consecutive saved sessions. Financial data updates quarterly, so short periods may show no change. Missing history and zero starting values are excluded; a negative starting value uses its absolute value as the denominator.

Metrics use saved ratios and percentages. Market caps use the listing market’s reporting currency; underlying financial statements may use different currencies. Circle sizes have a minimum for touch visibility, and an outlined circle indicates a missing market cap. These comparisons describe data, not recommendations or price predictions.

Related research

Company research, movers, earnings and options results.

INDUSTRY COMPARISON

ANET industry peers

Computer Hardware · Oct 16, 2026 · Closing-price performance

Compare ANET with 4 other stocks in the available heatmap coverage.

DELLDell Technologies Inc.-4.58%ANETCurrent stockArista Networks, Inc.-4.63%SNDKSandisk Corporation-6.85%WDCWestern Digital Corporation-6.86%STXSeagate Technology Holdings plc-7.50%