Arista Networks Inc. (ANET) earnings date & stock reaction
ANET · Arista Networks Inc. · IT
Arista Networks Inc. earnings date & time
Schedule
- Korea time (KST)
- Wed, November 4
- Reporting pattern
- 12 of last 12 after close
- Typical move
- ±8.6% · 12-report avg
What the market expects
Consensus EPS
$1.08Coming in above this counts as a beat
- Year-ago quarter
- $0.75→+44.0%
- Guided revenue
- $3.0B→$3.3B+8.7%
- Guided EPS
- $1.02→$1.07+4.9%
“Given our improving stance in supply chain, we are excited to increase our guidance for the third time this year to $12.6 billion revenue in 2026.”
“Total revenues in Q2 were just over $3 billion, up 37.7% year-over-year and above our guidance of $2.8 billion.”
- ▲Strong revenue growth in AI and data centers
- Revenue for the quarter was $3.04 billion, up 37.7% vs last year.
- The number of AI fabric customers has grown to over 100 from 4-5 in 2024.
- ▲Improved profitability and EPS growth
- Non-GAAP EPS was $1.02, up 39.7% vs last year.
- Non-GAAP operating margin was 49.9%, compared to 48.8% in the same quarter last year.
- ▲Supply chain stabilization and raised guidance
- Reflecting supply chain improvements, the 2026 annual revenue growth outlook was raised to 40%.
- Purchase commitments increased to $9.7 billion from $8.9 billion in the previous quarter.
- ▼Increase in DSO and inventory levels
- Days Sales Outstanding (DSO) increased to 68 days from 64 days in the previous quarter.
- Ending inventory was $2.5 billion, up from $2.4 billion in the previous quarter.
- ▼Volatility in gross margin due to product mix
- GAAP gross margin was 62.9%, down from 65.2% in the same quarter last year.
- Gross margin continues to face volatility driven by changes in customer product mix.
Arista Networks Inc. (ANET) rose the day after earnings in 6 of its last 12 reports (50%), moving ±8.6% on average. It has fallen despite beating the consensus estimate 6 times.
Even when EPS beat expectations, the stock fell 6 of the last 12 times. The number alone doesn't move it.
When results drop, skip the EPS number. Check if the growth above holds or accelerates, and whether guidance beats expectations.
The real bar for this stock
Beating estimates isn't enough. Here's where the real surprise started.
The company's own next-quarter revenue guidance (from its 8-K release) vs what it actually reported: delivered 4 of 4 times, averaging +5% above the guide.
- Jun 2026 qtrguided $2.80Bactual $3.04Bhit
- Mar 2026 qtrguided $2.60Bactual $2.71Bhit
- Sep 2025 qtrguided $2.25Bactual $2.31Bhit
- Jun 2025 qtrguided $2.10Bactual $2.20Bhit
How this stock reacts to earnings
Traits seen across its recent earnings reactions
Earnings number vs guidance: which drives it?
How often the beat/miss matched the actual price move
6/12 beats fell next day · watches Cloud revenue · orders
- Jun 2026 report+3.6%
- Mar 2026 report-13.6%
- Dec 2025 report+4.8%
- Sep 2025 report-8.6%
- Jun 2025 report+17.5%
- Mar 2025 report-4.8%
Earnings timeline · bars = next-day move, ▲▼ = beat/miss
Earnings trend · last 12 quarters
Earnings history and price reaction
| Quarter ended | Reported (ET) | vs market expectation (consensus) | Earnings day | After 5 days |
|---|---|---|---|---|
| 6/2026 | 2026-08-04 | +15.2% | +3.6% | +3.9% |
| 3/2026 | 2026-05-05 | +7.7% | -13.6% | -16.3% |
| 12/2025 | 2026-02-12 | +8.2% | +4.8% | -1.7% |
| 9/2025 | 2025-11-04 | +5.0% | -8.6% | -12.1% |
| 6/2025 | 2025-08-05 | +12.4% | +17.5% | +19.6% |
| 3/2025 | 2025-05-06 | +10.0% | -4.8% | +7.1% |
12 reports, quarters ending 9/2023 to 6/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.
Frequently asked questions
When is the next Arista Networks Inc. earnings date?
The next Arista Networks Inc. (ANET) earnings report is expected Tue, November 3 around 4:00 PM ET, after the close. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.
What is the consensus EPS forecast for Arista Networks Inc.'s next earnings?
Analysts expect EPS of about $1.08 for Arista Networks Inc. (ANET). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.
Does Arista Networks Inc. (ANET) stock usually go up after earnings?
Over the last 12 earnings reports, the stock rose on 6 of them (50%). The average move on earnings day was ±8.6%.
Does Arista Networks Inc. react more to the earnings numbers or to guidance?
In 6 of the last 12 reports (50%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.
Can Arista Networks Inc. stock fall even when earnings are good?
Yes. In 6 of the last 12 reports, Arista Networks Inc. fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.
Does Arista Networks Inc. stock keep moving after the earnings day?
Over the last 12 reports, the move continued in the same direction for the following five trading days 75% of the time. This tendency is known as post-earnings announcement drift.