Arista Third-Quarter Revenue Rises 58.5% to $3.6576 Billion: Fastest Growth Since Its IPO and Above $3.3 Billion Guidance, Fourth-Quarter Guidance of $3.9–$4.0 Billion
Arista Networks on November 3 reported results for the third quarter ended September 30, 2026: total revenue of $3.6576 billion, up 58.5% year over year and 20.5% sequentially, exceeding the company's $3.3 billion guidance in what the release calls the highest year-over-year revenue growth since its IPO. Product revenue was $3.190 billion and service revenue was $467.6 million; net income was $1.5604 billion.
GAAP operating margin was 44.9% and non-GAAP operating margin was 49.1%, compared with 42.4% and 48.6% a year earlier. GAAP diluted earnings per share were $1.22 and non-GAAP diluted EPS were $1.20, compared with $0.67 and $0.77 in the third quarter of 2025.
For the fourth quarter of 2026, the company expects revenue of $3.9 billion to $4.0 billion, a non-GAAP operating margin of 48% to 49%, and non-GAAP diluted EPS of $1.26 to $1.30. On operations, the release said Arista launched open standards-based rack-scale architectures for AI networks with AMD, Arm, Broadcom, d-Matrix, Meta, Microsoft and Qualcomm, including the Etherlink SU-144 architecture supporting up to 144 accelerators per rack in a single hop and scaling to 1,024 XPUs via cross-rack topologies; the company was also added to the S&P 100 index in September 2026. Chairperson and chief executive Jayshree Ullal said the company registered another momentous quarter with the highest year-over-year revenue growth since its IPO and record profitability. Chief financial officer Chantelle Breithaupt said the quarter set new record highs in revenue growth, net income and EPS. Arista trades on the New York Stock Exchange under the ticker ANET.
Source: Arista Networks
Published by GSM · USA (original Chinese edition)
Photo: 图：Arista Networks 标志。Wikimedia Commons，公共领域（PD-textlogo）。 / Photo: Arista Networks logo. Wikimedia Commons, public domain (PD-textlogo).
