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 from Benzinga 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 Benzinga 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:

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