Arista Networks (ANET)
NYSEInformation TechnologyComputer HardwareSnapshot 2026-07-07
$166.44-3.95%
Close 2026-07-07 · 1-day change
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Track ANET free→Arista grows revenue about 30% a year. Profit margins stay near 46%. AI sales are doubling and help growth. New products support more sales.
Supply problems could slow revenue growth. Gross margins have fallen recently. Competition may hurt sales growth.
The price is about 28% above our fair value near $131. Analysts expect about 30% revenue growth. Our fair value is below the Street median of $181.
Breaks if: AI sales growth falls below 50% next year
Breaks if: Gross margin falls below 61% next quarter
Focus on sustaining high gross margins through cost management and operational efficiency.
Stated in 6 of last 6 quarters. Non-GAAP gross margin decreased from 64.6% in 2025-Q4 to 63.4% in 2026-Q1, indicating limited progress in maintaining strong gross margins. Management's focus on cost management is not yet fully delivering.
Breaks if: Operating margin falls below 44% next quarter
Focus on sustaining high gross margins through cost management and operational efficiency.
Stated in 6 of last 6 quarters. Non-GAAP gross margin decreased from 64.6% in 2025-Q4 to 63.4% in 2026-Q1, indicating limited progress in maintaining strong gross margins. Management's focus on cost management is not yet fully delivering.
Breaks if: Revenue falls below ~$2.6B next quarter
Focus on increasing revenue through strategic initiatives and market expansion.
Stated in 6 of last 6 quarters. Revenue grew from $1.930 billion in 2024-Q4 to $2.709 billion in 2026-Q1, showing consistent growth. The trajectory is delivering on management's stated priority of achieving revenue growth.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Non-GAAP gross margin of 63.4%, compared to 64.6% in fiscal year 2025.”
“Non-GAAP gross margin of 63.4%, compared to 65.2% in the third quarter of 2025.”
“Non-GAAP gross margin of 65.2%, compared to 65.6% in the second quarter of 2025.”
“Non-GAAP gross margin of 65.6%, compared to 64.1% in the first quarter of 2025.”
“Non-GAAP gross margin of 64.1%, compared to 64.2% in the fourth quarter of 2024.”
“Non-GAAP gross margin of 64.2%, compared to 64.6% in the third quarter of 2024.”
“Non-GAAP gross margin of 63.4%, compared to 64.6% in fiscal year 2025.”
“Non-GAAP gross margin of 63.4%, compared to 65.2% in the third quarter of 2025.”
“Non-GAAP gross margin of 65.2%, compared to 65.6% in the second quarter of 2025.”
“Non-GAAP gross margin of 65.6%, compared to 64.1% in the first quarter of 2025.”
“Non-GAAP gross margin of 64.1%, compared to 64.2% in the fourth quarter of 2024.”
“Non-GAAP gross margin of 64.2%, compared to 64.6% in the third quarter of 2024.”
“Revenue of $2.709 billion, an increase of 8.9% from the previous quarter.”
“Revenue of $2.488 billion, an increase of 7.8% compared to the third quarter of 2025.”
“Revenue of $2.308 billion, an increase of 4.7% compared to the second quarter of 2025.”
“Revenue of $2.205 billion, an increase of 10.0% compared to the first quarter of 2025.”
“Revenue of $2.005 billion, an increase of 3.9% compared to the fourth quarter of 2024.”
“Revenue of $1.930 billion, an increase of 6.6% compared to the third quarter of 2024.”