ANET · Q3 revenue +58.5% YoY

Arista Networks reported Q3 2026 revenue of $3.66 billion, up 58.5% YoY and well above its own guidance of $3.3 billion, with GAAP EPS of $1.22 and non-GAAP EPS of $1.20. Q4 2026 guidance calls for revenue of $3.9-$4.0 billion and non-GAAP EPS of $1.26-$1.30, both above the consensus estimate of $1.08 EPS and $3.33B revenue.

• Q3 2026 revenue of $3.66 billion, up 58.5% YoY and 20.5% QoQ
• GAAP diluted EPS of $1.22 vs $0.67 in Q3 2025; non-GAAP diluted EPS of $1.20 vs $0.77
• GAAP operating margin 44.9% (vs 42.4% YoY); non-GAAP operating margin 49.1% (vs 48.6% YoY)
• Q4 2026 guidance: revenue $3.9-$4.0 billion, non-GAAP EPS $1.26-$1.30, non-GAAP operating margin 48-49%