Arista Says Its AI Business Will Double to $7 Billion

Arista Networks (ANET) stock rose 6% after Q3 revenue grew 58.5% to $3.66B. The company guided 2027 revenue to $18.5B, exceeding analyst expectations of $16.4B. This news benefits Broadcom (AVGO) and Microsoft (MSFT), while posing a challenge to Nvidia (NVDA).

Arista Networks (ANET) reported Q3 revenue growth of 59% YoY, exceeding expectations of 44%. The company's guidance also surpassed estimates, leading to a 3.5% pre-market share price increase. Analysts anticipate positive catalysts ahead.

Arista Networks (ANET) shares rose 9.6% premarket after reporting Q3 2026 revenue of $3.66B (+58.5% YoY) and EPS of $1.20, beating estimates. The company raised 2026 revenue guidance to $13.3B and introduced a 2027 target of $18.5B, driven by AI and cloud demand. JPMorgan raised its price target to $270.

AMD reported Q3 revenue of $13.38B and EPS of $2.09, beating expectations. SMCI posted Q1 EPS of $1.81 and revenue growth of 299% Y/Y. ANET saw revenue grow 58.4% Y/Y. All three companies are involved in AI and data center solutions.

Arista Networks (NYSE:ANET) reported Q3 revenue of $3.66B, up 58.5% YoY, beating estimates. Non-GAAP EPS was $1.20, above consensus. CEO Ullal noted results exceeded expectations. The company launched AI network architectures with partners including AMD, AVGO, META, and MSFT.

Melius raised its price target for Arista Networks (NYSE:ANET) to $305 from $275, citing strong growth trends and conservative guidance. The stock is currently trading at $169.91. Arista reported Q3 revenue of $3.66B, up 58.5% YoY, and raised its Q4 guidance. Several analysts have updated their price targets and ratings for the company.