Arista Networks jumps after blowout Q2 results and strong Q3 outlook

Arista Networks (ANET) is up 15.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The rally appears tied to a strong second-quarter earnings release that showed Arista clearing the $3 billion quarterly revenue mark for the first time, with earnings growth also accelerating. Investors also seem to be responding to management’s third-quarter outlook, which pointed to another step up in revenue as AI and cloud networking demand remains robust.

Details:

In its earnings release, Arista posted second-quarter 2026 revenue of about $3.04 billion, up 37.7% from a year earlier and above its prior quarterly outlook of roughly $2.8 billion.

Non-GAAP diluted earnings per share reached $1.02, up from $0.73 a year earlier and ahead of pre-report analyst expectations that were clustered below that level.

Management guided for third-quarter 2026 revenue of about $3.3 billion and non-GAAP EPS of $1.06 to $1.08, signaling continued momentum after the company’s first $3 billion quarter.

The release also highlighted new 1.6-terabit AI fabric platforms and ongoing customer demand tied to AI, cloud, campus, and routing infrastructure, reinforcing the growth narrative around Arista’s networking portfolio.

Sources:

Arista Networks, SEC, Benzinga

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ANET Insider Trading Activity

$ANET insiders have traded $ANET stock on the open market 272 times in the past 6 months. Of those trades, 0 have been purchases and 272 have been sales.

Here’s a breakdown of recent trading of $ANET stock by insiders over the last 6 months:

ANDREAS BECHTOLSHEIM has made 0 purchases and 72 sales selling 1,945,000 shares for an estimated $318,513,606.
JAYSHREE ULLAL (CEO and Chairperson) has made 0 purchases and 44 sales selling 1,781,621 shares for an estimated $307,347,345.
KENNETH DUDA (President and CTO) has made 0 purchases and 96 sales selling 318,666 shares for an estimated $48,453,424.
CHARLES H GIANCARLO has made 0 purchases and 29 sales selling 40,000 shares for an estimated $6,129,378.
CHANTELLE YVETTE BREITHAUPT (Senior Vice President, CFO) has made 0 purchases and 2 sales selling 11,338 shares for an estimated $1,762,500.
YVONNE WASSENAAR has made 0 purchases and 18 sales selling 5,576 shares for an estimated $778,163.
KELLY BODNAR BATTLES has made 0 purchases and 11 sales selling 844 shares for an estimated $115,839.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

EARLY ACCESS

Receive ANET Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$ANET Hedge Fund Activity

We have seen 1,123 institutional investors add shares of $ANET stock to their portfolio, and 855 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 13,268,327 shares (+34.0%) to their portfolio in Q1 2026, for an estimated $1,576,940,663
CURATED WEALTH PARTNERS LLC added 8,082,832 shares (+93714.0%) to their portfolio in Q2 2026, for an estimated $1,373,111,500
PRICE T ROWE ASSOCIATES INC /MD/ removed 7,849,793 shares (-21.1%) from their portfolio in Q1 2026, for an estimated $932,947,898
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN added 4,725,369 shares (+131.3%) to their portfolio in Q1 2026, for an estimated $561,610,105
BLACKROCK, INC. removed 3,541,313 shares (-3.7%) from their portfolio in Q1 2026, for an estimated $420,885,050
CLEARBRIDGE INVESTMENTS, LLC added 2,923,962 shares (+193.2%) to their portfolio in Q1 2026, for an estimated $347,512,883
GOLDMAN SACHS GROUP INC added 2,755,613 shares (+37.4%) to their portfolio in Q1 2026, for an estimated $327,504,605

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$ANET Congressional Stock Trading

Members of Congress have traded $ANET stock 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $ANET stock by members of Congress over the last 6 months:

REPRESENTATIVE DAN NEWHOUSE purchased up to $15,000 on 07/10.
SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $15,000 on 03/25.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$ANET Analyst Ratings

Wall Street analysts have issued reports on $ANET in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

UBS issued a "Buy" rating on 05/06/2026
Needham issued a "Buy" rating on 02/13/2026

To track analyst ratings and price targets for $ANET, check out Quiver Quantitative's $ANET forecast page.

$ANET Price Targets

Multiple analysts have issued price targets for $ANET recently. We have seen 15 analysts offer price targets for $ANET in the last 6 months, with a median target of $190.0.

Here are some recent targets:

Brandon Nispel from Keybanc set a target price of $200.0 on 06/18/2026
Meta Marshall from Morgan Stanley set a target price of $190.0 on 06/12/2026
Tal Liani from B of A Securities set a target price of $200.0 on 06/08/2026
Tim Long from Barclays set a target price of $195.0 on 05/07/2026
Ryan Koontz from Needham set a target price of $185.0 on 05/06/2026
Mike Genovese from Rosenblatt set a target price of $210.0 on 05/06/2026
James Fish from Piper Sandler set a target price of $181.0 on 05/06/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.