Vlad Schepkov
2 min read
Investing.com — Arista Networks Inc. shares rose more than 6% in after-hours trading Tuesday following the release of third-quarter results that exceeded Wall Street expectations.
The cloud networking company posted earnings per share of $1.20 for the third quarter, beating analyst estimates of $1.08 by $0.12. Revenue reached $3.66 billion, surpassing the consensus estimate of $3.33 billion.
The company also provided fourth-quarter guidance above market expectations. Arista Networks projected earnings per share between $1.26 and $1.30, compared to analyst estimates of $1.15. Revenue for the fourth quarter is expected to fall between $3.9 billion and $4.0 billion, above the consensus estimate of $3.6 billion.
Third-quarter revenue of $3.66 billion represented 58.5% year-over-year growth, marking the highest revenue growth rate since the company’s initial public offering.
“Arista registered another momentous quarter with the highest year-over-year revenue growth since our IPO and record profitability, surpassing even my high expectations,” stated Jayshree Ullal, Chairperson and CEO of Arista Networks. “This strong momentum across customer sectors highlights our increased relevance for the generative and agentic AI era.”
The company announced partnerships with AMD, Arm, Broadcom, d-Matrix, Meta, Microsoft, and Qualcomm to launch open standards-based rack-scale architectures for scale-up and scale-out AI networks.
In September, Arista was added to the S&P 100, an index that includes 100 major companies across multiple industry groups.
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