Jim Cramer Says Arista Networks (ANET) Stock Is “On Fire” After Q2 Earnings Beat
TLDR
- Arista Networks posted Q2 revenue of $3.04 billion, up 37.7% year over year, beating estimates by $210 million
- Non-GAAP EPS came in at $1.02, topping the $0.89 consensus by $0.13
- Q3 2026 revenue guidance of ~$3.3 billion easily cleared the $2.95 billion Wall Street estimate
- ANET has rallied roughly 50% since February, with the stock opening at $197.35 Wednesday
- Zacks upgraded ANET to “Strong Buy” and TD Cowen raised its price target to $250
Arista Networks (ANET) opened at $197.35 on Wednesday, near its 52-week high of $214.89, after delivering a Q2 earnings report that cleared Wall Street expectations on every major metric.
Revenue for the quarter hit $3.04 billion, a 37.7% jump year over year. That came in $210 million above the analyst consensus. It marked the first time Arista crossed the $3 billion revenue threshold in a single quarter.
Non-GAAP earnings per share landed at $1.02, beating estimates of $0.89 by $0.13. Return on equity was 30.65% and net margin stood at 38.37%.
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