ANET · Earnings call · 2026Q3T · Full report

Competition and Market Share

Arista Networks, Inc. · 2026-11-03 · Importance 20 · Surprise 24

Arista said enterprise campus and branch networks are increasingly viewed by customers as mission-critical, with reliability and the ability to apply security updates without downtime driving interest in its platform. Management attributed campus market-share gains to EOS quality, reliability and high uptime. The CTO said long campus refresh cycles mean adoption may take time, making the opportunity a multiyear cycle.

Key facts

• Arista said campus refresh cycles are long and expected the campus adoption opportunity to be a multiyear cycle.
• Arista maintained one of the industry's lowest CVE counts, less than 100 over the last two decades.
• Arista said its CVE count is often 10 to 50 times better than alternatives.