Arista Networks stock holds firm after a $3 billion quarter
Published on 08/27/2026 at 17:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Arista Networks (US0404131064) is trading around $201.59 after a second-quarter fiscal 2026 report that brought in $3.04 billion in revenue, up 37.7% year over year, and $1.02 in adjusted earnings per share.
The stock also carried a market value of $254.313 billion and a 52-week range of $114.52 to $214.89 in morning trading on August 27, 2026. The latest quarter topped consensus on both revenue and EPS, while guidance for the third quarter was set at $1.06 to $1.08 in EPS and full-year 2026 revenue at $11.5 billion.
Quarterly run rate stays high
The second quarter was Arista's first above the $3 billion revenue mark, and the company paired that with 62.4% gross margin and $1.29 billion in operating income. Net income reached $1.11 billion, and cash, cash equivalents, and marketable securities ended the period at $12.35 billion.
The comparison matters for investors: revenue rose 37.7% from the same quarter a year earlier, and EPS increased 31.8% from $0.87 in the prior year period. That combination is supporting a valuation that still sits at 63.79 times trailing earnings.
AI demand drives the debate
Management said AI and specialty providers remained a major demand driver, and it lifted the full-year 2026 revenue outlook to $11.5 billion from prior guidance. The company also said purchase commitments reached $8.9 billion, up from $6.8 billion in the prior quarter, as lead times for chips and optics stayed stretched.
The operational picture is still tied to supply. Inventory ended the quarter at $2.38 billion, and operating cash flow reached $1.69 billion, both figures that underline how much working capital is being pushed into the build-out.
Ethernet push matters
Arista continues to lean on its EOS software and Ethernet switching portfolio, especially in AI fabrics, data center networks, and campus deployments. Management said scale-across already contributed materially to demand and could become a larger share of revenue over the next couple of years.
What the shares say
As of August 27, 2026, Arista's shares were 0.33% lower at $201.59 in morning trading, after trading as high as $206.13 and as low as $200.50 in the session. The market capitalization stood at $254.313 billion, and the stock was still sitting close to its 52-week high of $214.89.
Go deeper
Arista Networks sells cloud and AI networking systems built around its EOS operating system, with switches, routing platforms, and related software designed for data center and campus environments.
Investor Relations
Company: Arista Networks, Inc.
ISIN: US0404131064
Ticker: ANET
Exchange: NYSE/Nasdaq
Price (as of August 27, 2026, 11:26 a.m. ET): $201.59 USD
Market cap: $254.313 billion (as of August 27, 2026)
Sector / Industry: Technology / Computer Hardware
Index membership: S&P 500
Next earnings date: November 3, 2026
