Arista Networks reported Q2 2026 revenue of $2.71 billion, up 35.1% year-over-year, prompting Truist to raise its price target.
Arista Networks posted Q2 2026 revenue of $2.71 billion, a 35.1% year-over-year increase and 8.9% sequential growth, driven by demand for cloud networking and AI infrastructure. The company also achieved a record non-GAAP operating margin of 47.8% and EPS of $0.87.
The results surpassed expectations, with Truist analysts raising their price target on ANET from $161 to $175 and maintaining a “Buy” rating. The firm cited the post-earnings sell-off as a buying opportunity, highlighting strong underlying demand and AI-driven product adoption.
Management emphasized AI networking solutions, including the new XPO optics, which reduce data center rack use by up to 75%. The company reported a net promoter score of 89, reflecting customer satisfaction.