Arista Networks, Inc. (ANET)

Arista Networks beat expectations on both the top and bottom line in the third fiscal quarter of 2026, based on preliminary results reported November 3, 2026, with EPS of $1.20 topping the $1.08 estimate (+11.1%) and revenue of $3.658 billion topping the $3.335 billion estimate (+9.7%). Revenue rose ~59% to roughly $3.7 billion from about $2.3 billion a year ago, while net income climbed ~83% to around $1.6 billion versus about $853 million in the year-ago quarter, alongside EPS up ~60% from $0.75. Profitability stayed elevated, with gross margin at about 64% and operating margin near 45%, translating to gross profit of roughly $2.3 billion and operating income of around $1.6 billion. The quarter also generated operating cash flow of about $1.2 billion. For the next period, consensus calls for EPS of $1.14 on revenue of $3.601 billion.