Companies /Technology

Arista Networks Inc

NYSE: ANET Computer Hardware
$186.10
▼ $3.16 (−1.67%) today
Markets closed · 4:26am ET

Q2 2025 Earnings

Reported Aug 5, 2025, 4:09pm ET · SEC source
$0.73
Beat +12.38%
EPS · est. $0.65
$2.2B
Beat +4.50%
Revenue · est. $2.1B
−1.7%
Trailing market
ANET vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−5%0+5%+10%Aug 5Aug 6report 4:09pm ETearnings+0.8%+8.7%
−5%0+5%+10%Aug 5Aug 6earnings+0.8%+8.7%
ANET +8.7%S&P 500 +0.8%
−5%0+5%+10%Aug 5Aug 6report 4:09pm ETearnings+1.3%+8.7%
−5%0+5%+10%Aug 5Aug 6earnings+1.3%+8.7%
ANET +8.7%NASDAQ +1.3%
−12%−6%0+6%Aug 4Aug 13report 4:09pm ETearnings+2.7%+2.2%
−12%−6%0+6%Aug 4Aug 13earnings+2.7%+2.2%
ANET +2.2%S&P 500 +2.7%
−12%−6%0+6%Aug 4Aug 13report 4:09pm ETearnings+3.7%+2.2%
−12%−6%0+6%Aug 4Aug 13earnings+3.7%+2.2%
ANET +2.2%NASDAQ +3.7%
+17.49%
Day of report
+0.36%
Next session
−0.55%
One week
+0.89%
30 days

S&P 500 over the same 30 days: +2.54%.

Did ANET Beat Earnings? Q2 2025 Results

Arista Networks delivered a standout second quarter of 2025, with results that cleared expectations on both the top and bottom lines and signaled the company's deepening entrenchment in AI-driven networking infrastructure. Revenue came in at $2.20 billion, a 30.4% year-over-year increase that topped the $2.11 billion consensus by 4.50%, while non-GAAP EPS of $0.73 beat the $0.65 estimate by 12.38%, up from $0.53 a year ago. The quarter's most significant milestone was non-GAAP operating income crossing $1.00 billion for the first time, reaching $1.08 billion at a 48.8% margin, reflecting both strong product demand and disciplined cost management. Analysts have since raised long-term AI revenue forecasts for the company, projecting AI sales growth at a 35% compound annual rate through 2029. <a href="https://247wallst.com/investing/2025/08/05/live-will-arista-networks-anet-soar-after-2q-earnings/">Shares responded sharply</a> to the results, and with Q3 guidance pointing to approximately $2.25 billion in revenue, Arista appears well-positioned to sustain its momentum heading into the second half of the year.

Key Takeaways
  • 30.4% year-over-year revenue growth driven by strong customer demand across AI, data center, campus, and routing environments
  • Non-GAAP operating income exceeded $1 billion for the first time, reflecting operational efficiency and scale
  • Non-GAAP gross margin improved to 65.6% from 65.4% year-over-year and 64.1% sequentially
  • Product revenue grew from $1.423 billion to $1.877 billion year-over-year

“Arista is well-positioned in data-driven AI networking, from client to cloud. Our customers are decisively standardizing on our best of breed platform to bring transformational innovation and impact to their technology endeavors.”

Arista Networks CEO, on the earnings call

Forward Guidance & Outlook

For Q3 2025, Arista expects revenue of approximately $2.25 billion, non-GAAP gross margin of approximately 64%, and non-GAAP operating margin of approximately 47%.

ANET YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$700.0M$1.4B$2.1B$1.7B$2.2BRevenue$1.1B$1.4BGross Profit$699.6M$986.2MOperating Income$665.4M$888.8MNet Income
$0$700.0M$1.4B$2.1BRevenueGross ProfitOperating IncomeNet Income

ANET Revenue by Segment

Product$1.9B
Service$327.8M

Figures from SEC filings and company reports. Not investment advice.