Arista Networks, Inc. (ANET) earnings on August 4, 2026
More Arista Networks, Inc. earnings
Prior outlook: No statistical edge
Arista Networks saw a strong initial surge post-earnings, reaching an intraday high of +16.64%, but ultimately settled at a more modest gain of +3.10%. This suggests profit-taking after the initial positive reaction, consistent with a 'sell-the-news' risk noted in the pre-event thesis.
ANET price around the earnings
197.31
Change: +2.7%
2026-08-05, 20:00 UTC
Start of the measured window
End of the measured window
190.51
201.26
212.00
222.75
192.04
August 4, 2026
August 5, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: No statistical edge
- Thesis published
- Results released
Strong trend strength and strong recent earnings history, but extreme retail crowding and flat analyst upside create sell-the-news risk.
Context analyzed before publication
- Trend
- Score collapsed from 38.6 to 19.9 in one day — trend strength deterioration contexts elevated risk.
Analysts
Evidence
- Analyst consensus
- Strong buy
- Consensus average (1-5)
- 1.3
- Analysts covering the stock
- 27
- Average price target
- 192.31
- Lowest price target
- 164
- Highest price target
- 220
- Upside to price target
- 0.2%
- Quarterly earnings growth
- 25.7%
- Revenue growth
- 35.1%
- Forward EPS
- 4.47
- Trailing EPS
- 2.9
- Analyst moves in the last 60 days
- 6
- Strong buy: 7
- Buy: 22
- Hold: 1
- Sell: 0
- Strong sell: 0
- Strong buy
- 7
- Buy
- 22
- Hold
- 1
- Sell
- 0
- Strong sell
- 0
- July 22, 2026 · Needham: Maintains rating (Buy → Buy)
- July 16, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- July 13, 2026 · TD Cowen: Maintains rating (Buy → Buy)
- June 18, 2026 · Keybanc: Maintains rating (Overweight → Overweight)
- June 12, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
- June 8, 2026 · B of A Securities: Maintains rating (Buy → Buy)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- High
- Normalized volume
- 99%
News
Sources (5)
- Arista Networks Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call (opens in a new tab) — Benzinga
- $100 Invested In Arista Networks 10 Years Ago Would Be Worth This Much Today (opens in a new tab) — Benzinga
- Jim Cramer: Arista Is ‘Terrific,’ Also Likes This Consumer Cyclical Stock (opens in a new tab) — Benzinga
- Needham Maintains Buy on Arista Networks, Raises Price Target to $200 (opens in a new tab) — Benzinga
- Here’s How Much You Would Have Made Owning Arista Networks Stock In The Last 10 Years (opens in a new tab) — Benzinga
Technicals
Evidence
- Price when the context was analyzed
- 184.95
- Average true range (ATR)
- 5.8%
- Distance to 52-week high
- +0.0%
- 14-day change (14d)
- +9.3%
- 30-day change (32d)
- +15.5%
- 30-day relative strength
- +13.8%
- SPY change (32d)
- +1.7%
- Nearest support
- 182.81
- Distance to nearest support
- 1.2%
- Nearest resistance
- 186.07
- Distance to nearest resistance
- 0.6%
- Volume accumulation ratio (14d / 46d)
- 0.84
- Mid: 182.81 (1.2% away, 0.2 ATR, 9 touches)
- Mid: 180.98 (2.2% away, 0.37 ATR, 3 touches)
- Mid: 178.68 (3.4% away, 0.58 ATR, 17 touches)
- Mid: 186.07 (0.6% away, 0.1 ATR, 9 touches)
- Mid: 189.54 (2.5% away, 0.42 ATR, 9 touches)
Trends
Evidence
- Average earnings surprise
- +8.3%
- May 5, 2026: actual EPS 0.87 vs estimate 0.81 (surprise +7.7%)
- February 12, 2026: actual EPS 0.82 vs estimate 0.76 (surprise +8.2%)
- November 4, 2025: actual EPS 0.75 vs estimate 0.71 (surprise +5.0%)
- August 5, 2025: actual EPS 0.73 vs estimate 0.65 (surprise +12.4%)
Expected move
- Implied move
- +7.7%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 6.4%
- 75th percentile move
- 13.7%
- 90th percentile move
- 17.8%
- Up / down moves
- 11 / 9
- Average up move
- +9.9%
- Average down move
- -7.4%
Monitoring and close
What Arista Networks, Inc. reported
- Status
- Finished
| Actual EPS | 1.02 |
|---|---|
| EPS estimate | 0.89 |
| EPS surprise | +14.6% |
| Revenue | $3,036 million |
| Revenue estimate | $2,818 million |
| Revenue surprise | +7.7% |
Arista Networks beat Q2 expectations with record earnings and sales, driven by AI demand. Optimistic guidance lifted shares to new highs.
Sources (12)
- Arista Networks Stock Investors Just Got Fantastic News From CEO Jayshree Ullal (opens in a new tab) — Motley Fool
- Arista forecasts upbeat quarterly revenue on AI-driven networking demand (opens in a new tab) — Reuters
- Dow Jones Futures: SpaceX, AMD, Arista Lead Earnings Movers After S&P 500 Jumps To High (opens in a new tab) — Investor's Business Daily
- Arista Networks (ANET) Q2 Earnings and Revenues Surpass Estimates (opens in a new tab) — Zacks
- AI Cloud Networking Growth Drives Arista Earnings Beat (opens in a new tab) — Investor's Business Daily
- Arista Networks Stock Surges as Earnings Prove AI Demand Is Real (opens in a new tab) — Barrons.com
- Why Arista Networks Stock is Hitting New All-Time Highs After Hours (opens in a new tab) — Benzinga
- Arista Networks soars 13% on strong Q2 beat and raised outlook (opens in a new tab) — Investing.com
- Arista Networks beat expectations with adjusted earnings of $1.02 per share and sales of $3.036 billion, above forecasts. — Benzinga
- Arista Networks Q2 Adj. EPS $1.02 Beats $0.89 Estimate, Sales $3.036B Beat $2.818B Estimate (opens in a new tab) — Benzinga
- Arista Networks Sees Q3 Adj EPS $1.06-$1.08 vs $0.91 Est; Sees Sales $3.300B vs $2.936B Est (opens in a new tab) — Benzinga
- Arista Networks, Inc. Reports Second Quarter 2026 Financial Results (opens in a new tab) — Yahoo
Pre-market second reading after the results
- Verdict
- Beat expectations
Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating +11.3% pre-market, a move above the stock's usual reaction (about 6%). The figures don't confirm the prior scenario: there was no prior directional scenario to check against.
How the stock reacted
- Consolidated
- +3.1%
- Max move
- +16.6%
No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.