Pre-earnings brief
Reports
Tue, Nov 3, 2026
Est. EPS
$1.08
Est. revenue
$3.3B
Implied move
±12.4%
EPS beat rate
100%
Arista Networks, Inc. is a leading provider of cloud networking solutions, primarily serving large data centers and cloud service providers. With a market cap of $269 billion, the company plays a crucial role in the growing demand for high-speed data connectivity, driven by trends in cloud computing and AI.
Last quarter
In Q2 2026, Arista reported an EPS of $1.02, significantly beating expectations of $0.80. The stock rose 3.04% the following day, indicating positive market sentiment.
Management promises and guidance
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+23.31%
Avg 1-day reaction
-0.06%
Analysts are optimistic about Arista's upcoming earnings, expecting a solid performance based on previous earnings surprises.
Bull case
If Arista exceeds the consensus EPS and revenue estimates, it could signal strong demand for its products, leading to further stock appreciation.
Bear case
Conversely, if the company fails to meet expectations, it may raise concerns about slowing growth in the cloud sector, negatively impacting the stock.
Key metrics to watch
EPS
$1.08Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating profit.
Revenue
$3.3BRevenue growth reflects the company's ability to expand its market share and meet customer demand, particularly in the cloud sector.
The print will turn on these.
Q1
Will Arista's revenue exceed $3.3 billion this quarter?
A revenue beat would indicate strong demand and market share growth, which is crucial for investor confidence.
Q2
Can EPS surpass the consensus estimate of $1.08?
An EPS beat would reinforce the company's profitability and operational efficiency, impacting stock performance.
—
Est. EPS
$-0.50
Est. Rev
$257M
Impl. Move
±7.5%
Why consensus could be wrong
The consensus may underestimate the impact of Arista's recent innovations in cloud networking, which could drive higher-than-expected demand.
Supporting evidence
Recent earnings surprises indicate a strong operational performance.
Options pricing suggests a significant move, indicating investor uncertainty.
Insider selling may reflect a strategic shift rather than a lack of confidence.
Key risk
If revenue growth significantly exceeds expectations, it could challenge the current market narrative.
Pre-commit to what would confirm each case.
The market is closely watching how Arista navigates the competitive landscape in cloud networking, especially in light of recent earnings surprises.
Bull confirmed if
Revenue growth of at least 10% year-over-year would confirm the bullish case.
Bear confirmed if
A revenue decline or flat growth would indicate potential issues in demand.
What the market is pricing for the move.
Implied Move
±12.38%
Historical Avg
±2.4%
The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.
Options are pricing ±12.4% while ANET has averaged ±2.4% over the last 8 prints — setup is pricing rich.
ATM IV
0.5%
30d HV
36.6%
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$112.2M
529,220 sh
3 insiders
Net
$112.2M
Net selling
Most Active Insiders· 18 open-market trades
$110.9M
Net selling
Smart-money positioning from the most recent 13F filings.
Institutional
73.32%
of float
Insider
17.25%
of float
Holders
3,113
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
91,383,843 sh · $19.7B
7.25%
-0.6%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Arista beats expectations, history suggests a potential stock increase of around 2.38%, confirming strong demand.
In line / cautious
If results are in line with expectations, the stock may see muted movement as investors assess future guidance.
Miss
A miss could lead to a decline, with historical patterns suggesting a drop of approximately 2.38%.
House and Senate STOCK Act disclosures over the trailing 6 months.
Trades
1
1 buy·0 sells
Members
1
House only
Est. Notional
$1,001.00–$15,000.00
disclosed dollar ranges
Most Active Members
1 trade
The lines on the call that would change the story.
$1.0M
Net selling
$263,160.00
Net selling
Recent Transactions
Oct 6, 2026 · @ $212.27
259,045 sh
$55.0M
Oct 6, 2026 · @ $211.36
65,897 sh
$13.9M
Oct 6, 2026 · @ $212.27
51,805 sh
$11.0M
Oct 6, 2026 · @ $212.27
51,805 sh
$11.0M
Sep 25, 2026 · @ $211.40
44,726 sh
$9.5M
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.
Vanguard Capital Management LLC
68,688,349 sh · $14.8B
5.45%
0.6%
State Street Corporation
48,165,803 sh · $10.4B
3.82%
3.0%
FMR, LLC
47,349,865 sh · $10.2B
3.75%
-9.5%
Geode Capital Management, LLC
27,505,753 sh · $5.9B
2.18%
1.0%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.
Net buying
Recent Transactions
Traded Jul 10, 2026 · disclosed Jul 17, 2026
$1,001.00–$15,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.