Arista Networks Raises Q3 2026 Earnings Guidance, Stock Surges 13%

Arista Networks (NYSE:ANET) issued new guidance for the third quarter of fiscal 2026, projecting earnings per share of $1.060‑$1.080 and revenue of $3.3 billion, both above analyst consensus estimates of $0.89 EPS and $2.9 billion revenue. The upbeat outlook followed the company’s recent quarterly results, which reported $1.02 EPS.

The guidance lift sparked a rally in the shares, which closed at $190.45, up about 13% from the prior session. Earlier in the day the stock traded 3.4% higher at $191.21 on volume of roughly 13.9 million shares, well above its average. Technical indicators show the price above the 20‑, 50‑ and 200‑day moving averages, with momentum still positive but showing early signs of short‑term fatigue. Analysts responded by raising price targets, with Rosenblatt moving its target to $210 and Deutsche Bank upgrading the rating to "buy". The consensus rating remains a strong buy with an average target near $190.