ANET Q4 2025 Earnings
Reported Feb 12, 2026 at 4:07 PM ET · SEC Source
Q4 25 EPS
$0.82
BEAT +18.84%
Est. $0.69
Q4 25 Revenue
$2.49B
BEAT +4.41%
Est. $2.38B
vs S&P Since Q4 25
+7.9%
BEATING MARKET
ANET +13.7% vs S&P +5.7%
Full Year 2025 Results
FY 25 EPS
$2.98
BEAT +3.50%
Est. $2.88
FY 25 Revenue
$9.01B
BEAT +1.18%
Est. $8.90B
Market Reaction
Did ANET Beat Earnings? Q4 2025 Results
Arista Networks closed out fiscal 2025 with a standout quarter, posting non-GAAP EPS of $0.82 against a consensus estimate of $0.69, a beat of 18.84%, while revenue of $2.49 billion topped the $2.38 billion estimate by 4.41% and grew 28.9% year-over-… Read more Arista Networks closed out fiscal 2025 with a standout quarter, posting non-GAAP EPS of $0.82 against a consensus estimate of $0.69, a beat of 18.84%, while revenue of $2.49 billion topped the $2.38 billion estimate by 4.41% and grew 28.9% year-over-year. Heading into the print, investors were watching closely whether the company's AI networking momentum could sustain the pace, and the results delivered a clear answer: continued demand from hyperscale cloud and AI customers drove the top-line strength, while the quarter also marked the first time Arista crossed $1.00 billion in quarterly net income. CEO Jayshree Ullal framed the period as validation of the company's broader 'Arista 2.0' strategy, which has now generated full-year revenue exceeding $9.00 billion. Looking ahead, management guided Q1 2026 revenue to approximately $2.60 billion, though non-GAAP gross margin of 62-63% and operating margin of approximately 46% signal modest continued compression as the company scales its AI and campus initiatives.
Key Takeaways
- • AI networking demand driving product revenue growth
- • Campus networking expansion
- • Strong operating leverage with 47.5% non-GAAP operating margin
- • 28.9% year-over-year revenue growth in Q4
- • Cumulative shipment milestone of 150 million ports
ANET Forward Guidance & Outlook
For Q1 2026, Arista expects revenue of approximately $2.6 billion, non-GAAP gross margin between approximately 62-63%, and non-GAAP operating margin of approximately 46%.
ANET YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
ANET Revenue by Segment
With YoY comparisons, source: SEC Filings
“2025 was the year of validation of our Arista 2.0 momentum, as we hit the milestone of shipping a cumulative of 150 million ports.”
— Jayshree Ullal, Q4 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% |