ANET · News · 20261104N

Guidance and Outlook

Arista Networks, Inc. · 2026-11-04 · Importance 95 · Surprise 92 · No source text

CEO Jayshree Ullal projected approximately $18.5 billion in 2027 revenue, representing 38%–40% growth. Management expects AI fabrics revenue to double to approximately $7 billion in 2027 and cognitive campus revenue to rise 60% to approximately $2 billion. Ullal also expects double-digit growth across all sectors, while noting that front-end and back-end network spending can fluctuate between periods.

Key facts

• Management raised FY2026 annual revenue guidance to $13.3 billion, representing 48% annual growth. source
• Arista's initial FY2027 guidance was 38% to 40% annual growth, to approximately $18.5 billion in revenue. source
• Arista expected AI fabrics revenue to double to approximately $7 billion. source
• Arista expected cognitive campus revenue to rise 60% to approximately $2 billion. source
• An analyst note reported Q3 FY2026 revenue growth of 59% year over year, above Street expectations of 44%, and expected another 59% growth in Q4, nearly 1,500 basis points above expectations. source
• Arista's Q3 FY2026 revenue was $3.66 billion and net income was $1.56 billion; management set December-quarter guidance above analyst expectations. source
• Arista's management guided to 39% growth in 2027 versus Street expectations of 28%, supported by AI revenue doubling and 60% campus growth, according to a BofA analyst note. source
• Arista's Q4 FY2026 revenue guidance was $3.9 billion to $4 billion. source

Impact estimates