Arista Networks (ANET) tops Q1 expectations but shares slide on softer 2026 outlook upgrade
Key takeaways
- The networking equipment maker posted first-quarter 2026 revenue of $2.71 billion, ahead of analyst expectations of $2.61 billion and representing year-over-year growth of 35%.
- Arista said billings growth accelerated to 54% year over year during the quarter, compared with 43% growth in the previous quarter, reflecting continued momentum in AI-related infrastructure spending.
- “Arista is off to a strong start in Q1 2026, with both our results and our industry-leading net promoter score,” said Jayshree Ullal, chairperson and chief executive officer of the company.
Arista Networks (ANET) tops Q1 expectations but shares slide on softer 2026 outlook upgrade Fiona Craig Wed, May 6, 2026 at 5:41 PM GMT+7 2 min read ANET blockchain handshake ©Shutterstock Arista Networks (NYSE:ANET) reported stronger-than-expected first-quarter results driven by robust demand for artificial intelligence networking infrastructure, although the company’s shares fell about 9% in premarket trading on Wednesday after investors reacted to a smaller-than-expected increase in full-year guidance.
The networking equipment maker posted first-quarter 2026 revenue of $2.71 billion, ahead of analyst expectations of $2.61 billion and representing year-over-year growth of 35%.
Arista said billings growth accelerated to 54% year over year during the quarter, compared with 43% growth in the previous quarter, reflecting continued momentum in AI-related infrastructure spending.