ANET Q2 2025 Earnings
Reported Aug 5, 2025 at 4:09 PM ET · SEC Source
Q2 25 EPS
$0.73
BEAT +12.38%
Est. $0.65
Q2 25 Revenue
$2.20B
BEAT +4.50%
Est. $2.11B
vs S&P Since Q2 25
+15.5%
BEATING MARKET
ANET +29.4% vs S&P +13.9%
Market Reaction
Did ANET Beat Earnings? Q2 2025 Results
Arista Networks delivered a standout second quarter of 2025, with results that cleared expectations on both the top and bottom lines and signaled the company's deepening entrenchment in AI-driven networking infrastructure. Revenue came in at $2.20 bi… Read more Arista Networks delivered a standout second quarter of 2025, with results that cleared expectations on both the top and bottom lines and signaled the company's deepening entrenchment in AI-driven networking infrastructure. Revenue came in at $2.20 billion, a 30.4% year-over-year increase that topped the $2.11 billion consensus by 4.50%, while non-GAAP EPS of $0.73 beat the $0.65 estimate by 12.38%, up from $0.53 a year ago. The quarter's most significant milestone was non-GAAP operating income crossing $1.00 billion for the first time, reaching $1.08 billion at a 48.8% margin, reflecting both strong product demand and disciplined cost management. Analysts have since raised long-term AI revenue forecasts for the company, projecting AI sales growth at a 35% compound annual rate through 2029. Shares responded sharply to the results, and with Q3 guidance pointing to approximately $2.25 billion in revenue, Arista appears well-positioned to sustain its momentum heading into the second half of the year.
Key Takeaways
- • 30.4% year-over-year revenue growth driven by strong customer demand across AI, data center, campus, and routing environments
- • Non-GAAP operating income exceeded $1 billion for the first time, reflecting operational efficiency and scale
- • Non-GAAP gross margin improved to 65.6% from 65.4% year-over-year and 64.1% sequentially
- • Product revenue grew from $1.423 billion to $1.877 billion year-over-year
ANET YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
ANET Revenue by Segment
With YoY comparisons, source: SEC Filings
“Arista is well-positioned in data-driven AI networking, from client to cloud. Our customers are decisively standardizing on our best of breed platform to bring transformational innovation and impact to their technology endeavors.”
— Jayshree Ullal, Q2 2025 Earnings Press Release
ANET Earnings Trends
ANET vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ANET EPS Trend
Earnings per share: estimate vs actual
ANET Revenue Trend
Quarterly revenue: estimate vs actual
ANET Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $0.69 | $0.82 | +18.84% | $2.49B | +4.41% |
| FY Full Year | $2.88 | $2.98 | +3.50% | $9.01B | +1.18% |
| Q3 25 BEAT | $0.71 | $0.75 | +4.97% | $2.31B | +1.84% |
| Q2 25 BEAT | $0.65 | $0.73 | +12.38% | $2.20B | +4.50% |
| Q1 25 BEAT | $0.59 | $0.65 | +9.98% | $2.00B | +1.74% |