TLDR
- Arista Networks (ANET) stock rose more than 9% after hours Tuesday and 9.6% in Wednesday premarket trading.
- Q3 revenue jumped 58.5% to $3.66 billion, topping the $3.33 billion forecast.
- Aristaâs first 2027 revenue outlook is about $18.5 billion, versus $16.4 billion expected.
- The 2026 revenue outlook was raised for the fourth straight time, to $13.3 billion.
- JPMorgan lifted its price target to $270 from $250, and Rosenblatt kept a buy rating with a $280 target.
Arista Networks (ANET) stock climbed more than 9% in after-hours trading on Tuesday. The move came right after the company posted third-quarter results.
The stock had already closed the regular session up 3.52%. Investing.com later reported a 9.6% gain in Wednesday premarket trading.
Revenue hit $3.66 billion, up 58.5% from a year earlier. Analysts had expected about $3.33 billion.
Adjusted earnings came in at $1.20 a share, ahead of the $1.08 forecast. Arista said it was the companyâs fastest year-over-year revenue growth since its 2014 IPO.
The Number Traders Zeroed In On
The biggest surprise was the first look at 2027. Arista expects revenue of about $18.5 billion, which implies growth of 38% to 40%.
Wall Street was at roughly $16.4 billion. That leaves the company about $2.1 billion above the Street.
Management also raised its 2026 revenue outlook to $13.3 billion. That equals 48% growth and marks the fourth raise in a row.
Inside the 2027 plan, AI networking is expected to double to about $7 billion. The cognitive campus business is expected to grow about 60%, to roughly $2 billion.
For the fourth quarter, Arista guided to revenue of $3.9 billion to $4 billion. Adjusted earnings are expected at $1.26 to $1.30 a share.
What the CEO Said
CEO Jayshree Ullal called it âanother memorable quarterâ with record profitability. She said results beat even her high expectations.
âThis strong momentum across customer sectors highlights our increased relevance for the generative and agentic AI era,â she said. Arista is working with AMD, Arm, Broadcom and Qualcomm on gear for AI networks.
Meta and Microsoft are also part of that work. The stock was recently added to the S&P 100.
The premarket jump pushed Arista back into the upper half of its 52-week range of $114.52 to $217.41. The stock had shown some recent weakness before the report.
JPMorgan raised its price target to $270 from $250. Rosenblatt reiterated its buy rating with a $280 target.
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