These Analysts Boost Their Forecasts On Arista Networks After Upbeat Q2 Results

Arista Networks (NYSEANET) posted upbeat second-quarter financial results Tuesday after market close.

Arista Networks reported second-quarter revenue of $3.04 billion, up 37.7% year-over-year.

The revenue total beat a Street consensus estimate of $2.82 billion, according to data Pro.

Earnings per share for the quarter were $1.02, beating a Street consensus estimate of 89 cents per share. “Our second quarter 2026 reflects strong, broad-based growth, with revenue up 37.7% and EPS up 39.7%.

This performance underscores the strength of our market position and the continued dedication of our global team,” Arista Chief Financial Officer Chantelle Breithaupt said.

Guidance from Arista calls for third-quarter revenue of $3.3 billion, higher than a Street estimate of $2.94 billion, according to Pro.

The company expects third-quarter adjusted EPS in a range of $1.06 to $1.08, versus a Street estimate of 91 cents per share.

Arista Networks shares gained 12.5% to $214.25 in pre-market trading.

These analysts made changes to their price targets on Arista Networks following earnings announcement.

Needham analyst Ryan Koontz maintained the stock with a Buy and raised the price target from $200 to $260.

B of A Securities analyst Tal Liani maintained the stock with a Buy and raised the price target from $200 to $240.

Considering buying ANET stock? Here’s what analysts think: Photo via Shutterstock