Companies /Technology

Arista Networks Inc

NYSE: ANET Computer Hardware
$186.10
▼ $3.16 (−1.67%) today
Markets closed · 7:15am ET

Q4 2025 Earnings

Reported Feb 12, 2026, 4:07pm ET · SEC source
$0.82
Beat +8.18%
EPS · est. $0.76
$2.5B
Beat +4.30%
Revenue · est. $2.4B
−0.9%
Trailing market
ANET vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%0+6%Feb 12Feb 13report 4:07pm ETearnings−0.1%−2.6%
−6%0+6%Feb 12Feb 13earnings−0.1%−2.6%
ANET −2.6%S&P 500 −0.1%
−6%0+6%Feb 12Feb 13report 4:07pm ETearnings−0.1%−2.6%
−6%0+6%Feb 12Feb 13earnings−0.1%−2.6%
ANET −2.6%NASDAQ −0.1%
−15%−10%−5%0Feb 11Feb 20report 4:07pm ETearnings+1.0%−14.6%
−15%−10%−5%0Feb 11Feb 20earnings+1.0%−14.6%
ANET −14.6%S&P 500 +1.0%
−15%−10%−5%0Feb 11Feb 20report 4:07pm ETearnings+1.1%−14.6%
−15%−10%−5%0Feb 11Feb 20earnings+1.1%−14.6%
ANET −14.6%NASDAQ +1.1%
+4.79%
Day of report
+0.70%
Next session
−10.00%
One week
−3.90%
30 days

S&P 500 over the same 30 days: −2.98%.

Did ANET Beat Earnings? Q4 2025 Results

Arista Networks closed out fiscal 2025 with a standout quarter, posting non-GAAP EPS of $0.82 against a consensus estimate of $0.69, a beat of 18.84%, while revenue of $2.49 billion topped the $2.38 billion estimate by 4.41% and grew 28.9% year-over-year. <a href="https://247wallst.com/investing/2026/02/12/live-will-arista-networks-beat-q4-earnings-after-the-bell/">Heading into the print</a>, investors were watching closely whether the company's AI networking momentum could sustain the pace, and the results delivered a clear answer: continued demand from hyperscale cloud and AI customers drove the top-line strength, while the quarter also marked the first time Arista crossed $1.00 billion in quarterly net income. CEO Jayshree Ullal framed the period as validation of the company's broader 'Arista 2.0' strategy, which has now generated full-year revenue exceeding $9.00 billion. Looking ahead, management guided Q1 2026 revenue to approximately $2.60 billion, though non-GAAP gross margin of 62-63% and operating margin of approximately 46% signal modest continued compression as the company scales its AI and campus initiatives.

Key Takeaways
  • AI networking demand driving product revenue growth
  • Campus networking expansion
  • Strong operating leverage with 47.5% non-GAAP operating margin
  • 28.9% year-over-year revenue growth in Q4
  • Cumulative shipment milestone of 150 million ports

“2025 was the year of validation of our Arista 2.0 momentum, as we hit the milestone of shipping a cumulative of 150 million ports.”

Arista Networks CEO, on the earnings call

Forward Guidance & Outlook

For Q1 2026, Arista expects revenue of approximately $2.6 billion, non-GAAP gross margin between approximately 62-63%, and non-GAAP operating margin of approximately 46%.

ANET YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$700.0M$1.4B$2.1B$1.9B$2.5BRevenue$1.2B$1.6BGross Profit$799.6M$1.0BOperating Income$801.0M$955.8MNet Income
$0$700.0M$1.4B$2.1BRevenueGross ProfitOperating IncomeNet Income

ANET Revenue by Segment

Product$2.1B
Service$392.1M

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