Arista Networks (ANET) beat expectations in Q2 FY2026 on revenue of $3.0B versus the $2.8B estimate (+37.7% YoY) and EPS of $1.02. The next Arista Networks (ANET) earnings date is Nov 3, 2026. Below is the full Arista Networks earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
$3.0B (vs $2.8B est · +7.3% surprise · +37.7% YoY)
EPS
$1.02 (vs $0.89 est · +15.1% surprise · +35.2% YoY)
Share price
$198.82 (-2.4%)
Market cap
$250.3B
Arista Networks (ANET) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$3.0B vs $2.8B est
$1.02 vs $0.89 est
+15.1%
+6.7%
Beat
Q2 FY2026
$2.7B vs $2.6B est
$0.87 vs $0.81 est
+7.7%
-14.8%
Beat
Q1 FY2026
$2.5B vs $2.4B est
$0.82 vs $0.76 est
+8.2%
+0.7%
Beat
Q4 FY2025
$2.3B vs $2.3B est
$0.75 vs $0.72 est
+4.5%
-10.9%
Mixed
Q3 FY2025
$2.2B vs $2.1B est
$0.73 vs $0.65 est
+12.5%
+15.3%
Beat
Q2 FY2025
$2.0B vs $2.0B est
$0.65 vs $0.59 est
+10.2%
-4.3%
Mixed
Q1 FY2025
$1.9B vs $1.9B est
$0.65 vs $0.57 est
+14.6%
-2.8%
Mixed
Q4 FY2024
$1.8B vs $1.8B est
$0.60 vs $0.52 est
+15.4%
-5.4%
Mixed
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Blackrock, INC.
7.3%
91.4M
$15.5B
-0.6%
Vanguard Capital Management LLC
5.5%
68.7M
$11.7B
+0.6%
State Street Corp
3.8%
48.2M
$8.2B
+3.0%
Fmr LLC
3.8%
47.3M
$8.0B
-9.5%
Geode Capital Management, LLC
2.2%
27.5M
$4.7B
+1.0%
Undisclosed filer
2.1%
25.8M
$4.4B
-0.1%
Price T Rowe Associates INC /Md/
1.8%
23.2M
$3.9B
-20.8%
Morgan Stanley
1.6%
19.7M
$3.3B
+6.4%
Cresset Asset Management, LLC
1.5%
19.4M
$3.3B
-6.4%
Capital Research Global Investors
1.0%
13.2M
$2.2B
-10.8%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
Ullal Jayshree
director, officer: CEO and Chairperson
2026-08-12
Sell
227K
$47.2M
Ullal Jayshree
director, officer: CEO and Chairperson
2026-08-12
Sell
118K
$24.5M
Ullal Jayshree
director, officer: CEO and Chairperson
2026-08-12
Sell
8K
$1.7M
Ullal Jayshree
director, officer: CEO and Chairperson
2026-08-12
Sell
44K
$9.3M
Ullal Jayshree
director, officer: CEO and Chairperson
2026-08-12
Sell
2K
$427389
Ullal Jayshree
director, officer: CEO and Chairperson
2026-08-12
Sell
417
$88141
Ullal Jayshree
director, officer: CEO and Chairperson
2026-08-12
Sell
9K
$1.9M
Ullal Jayshree
director, officer: CEO and Chairperson
2026-08-12
Sell
2K
$349695
What you'll find
Next Arista Networks (ANET) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment Arista Networks reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in Arista Networks (ANET)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is Arista Networks's next earnings date?
Arista Networks's (ANET) next scheduled earnings date is Nov 3, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Arista Networks (ANET) beat or miss earnings?
In Q2 FY2026, Arista Networks (ANET) posted beat results — revenue of $3.0B versus the $2.8B estimate (+7.3% surprise) and EPS of $1.02 versus $0.89 expected (+15.1% surprise). Magnisto decodes every Arista Networks (ANET) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Arista Networks beat earnings estimates?
Over its last 8 reported quarters, Arista Networks (ANET) beat Wall Street EPS estimates 8 times, most recently a beat result in Q3 FY2026. Magnisto tracks every Arista Networks (ANET) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Arista Networks stock move after earnings?
Over its last 8 quarterly reports, Arista Networks (ANET) moved an average of ±7.6% the day after earnings — ranging from -14.8% (Q2 FY2026) to +15.3% (Q3 FY2025). The stock rose after 3 of those 8 reports and fell after 5. Heading into its next report on Nov 3, 2026, options-implied volatility is pricing in a move of roughly ±28.4% (derived). Magnisto tracks the realized post-earnings move for every Arista Networks (ANET) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Arista Networks?
Institutions hold about 55.7% of Arista Networks's (ANET) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Blackrock, INC. (7.3%), Vanguard Capital Management LLC (5.5%), State Street Corp (3.8%). Magnisto lists Arista Networks's (ANET) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Arista Networks (ANET)?
In the most recent Form 4 filings Magnisto tracks, Arista Networks (ANET) insiders recorded 0 purchases and 12 sales — net selling. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Arista Networks (ANET) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Arista Networks (ANET), anchored to the current $198.82 share price, so you can weigh the bull, base and bear cases for Arista Networks side by side.
Is Arista Networks (ANET) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Arista Networks fits your own thesis and risk profile. This is research, not investment advice.