Published on: 2026-02-12
Arista Networks (ANET) will announce its Q4 2025 Earnings after US markets close on Thursday, February 12, 2026, followed by a conference call at 4:30 PM ET. Into the print, the Street is looking for about $2.38 billion in revenue and $0.75 in earnings per share, with ANET closing at $140.96 on February 11.
Arista Networks' earnings today will be judged less by whether the company beats Q4 numbers and more by what it says about demand from large cloud customers building out AI data centers.
ANET stock has already priced in a strong 2025 growth story, so the earnings reaction often comes down to the next quarter outlook, margin direction, and any sign that AI-related networking spend is accelerating or cooling.
Arista will release Q4 2025 results after the close on February 12, 2026, with the earnings call at 4:30 PM ET. The quarter in focus ended December 31, 2025.
From a forecast standpoint, the clearest way to frame expectations is to align management's last guidance with analysts' current expectations.
| Metric | Company outlook for Q4 2025 | Street expectation (consensus) |
|---|---|---|
| Revenue | $2.3B to $2.4B | ~$2.38B |
| Non-GAAP gross margin | 62% to 63% | Not consistently published |
| Non-GAAP operating margin | 47% to 48% | Not consistently published |
| EPS | Not provided | ~$0.75 |
Management outlook is from the Q3 2025 report; consensus figures and the most recent close are from widely followed earnings trackers.
A key detail is that the Street’s revenue estimate sits near the upper end of management’s prior range. That raises the bar. If revenue lands closer to the low end of $2.3 billion, the market may focus on why demand was lighter than expected, even if EPS is fine.
Arista entered Q4 with strong momentum. In Q3 2025, the company reported $2.308 billion in revenue and $0.75 in non-GAAP EPS, with a non-GAAP gross margin of 65.2 %.
For comparison, in Q4 2024, Arista reported $1.930 billion in revenue, $0.65 in non-GAAP EPS, and a non-GAAP gross margin of 64.2%.
| Period | Revenue | Non-GAAP EPS | Non-GAAP gross margin | Notes |
|---|---|---|---|---|
| Q4 2024 (actual) | $1.930B | $0.65 | 64.2% | Baseline for year-over-year comparison |
| Q3 2025 (actual) | $2.308B | $0.75 | 65.2% | Strong growth heading into Q4 |
| Q4 2025 (expected) | ~$2.38B | ~$0.75 | 62% to 63% (company outlook) | Margin outlook suggests mix shift |
The consensus forecast suggests about 23% year-over-year revenue growth compared to Q4 2024, showing Arista remains in a high-growth phase.
ANET’s earnings reactions usually focus on a few key factors that show if the company’s growth is still strong.
This quarter, revenue will likely be the main focus. Management previously guided for $2.3 to $2.4 billion, and analysts expect about $2.38 billion.
That’s a tight range. If revenue hits $2.38 billion or higher, it suggests that AI and cloud data centre spending remain strong. If it’s closer to $2.30 billion, the market may see it as demand returning to normal, even though it’s still strong year-over-year growth.
Margins show whether growth comes from higher-value projects or from big, price-sensitive deals.
In Q3 2025, Arista had a 65.2% non-GAAP gross margin and a 48.6% non-GAAP operating margin. For Q4, management expects a 62-63% non-GAAP gross margin and a 47-48% non-GAAP operating margin.
That expected gross margin step-down is meaningful. It suggests the Q4 sales mix could be heavier in large cloud orders, or that pricing and component costs are less favorable than the prior quarter.
If margins come in above the top end of guidance, it often signals a better mix and stronger pricing power. If they fall below, the market may worry that growth is getting more expensive to win.
For ANET, guidance and commentary usually outweigh a small beat on the quarter that just ended. Investors want to know:
whether large cloud customers are still building out AI clusters at scale
whether enterprise and campus demand are improving enough to broaden growth
whether management sees any lumpiness in large orders
Arista has also framed longer-term growth ambitions in prior investor materials. For 2025, the company has set a revenue goal of about $8.2 billion and highlighted opportunities, including campus and AI back-end networking targets of roughly $750 million each.
Those are goals, not quarterly guidance, but they shape market expectations for the growth runway.
Ahead of this report, OptionSlam shows an implied move of 10.02% for the week of earnings and 11.16% over the monthly option period.
Using the February 11 close of $140.96:
Implied move (weekly): about $14.12
Implied post-earnings range (weekly): about $126.84 to $155.08
That’s a wide range, which fits what traders have seen with ANET. Even strong companies can have big price swings when expectations are high.
Technical indicators can’t predict earnings, but they help show where traders might react if results are surprising.
Analyst data from late February 11 shows that ANET has neutral-to-positive momentum, with an RSI in the mid-50s, a positive MACD, and the price above key moving averages.
| Indicator | Value | What it suggests |
|---|---|---|
| Share price (reference) | ~$141.74 | Trading above key averages in this snapshot |
| RSI (14) | 55.95 | Neither overbought nor oversold |
| MACD (12,26) | 1.79 | Upward momentum is still present |
| EMA 20 | 136.33 | Price above short-term trend line |
| EMA 50 | 134.50 | Price above medium-term trend line |
| SMA 200 | 123.80 | Long-term uptrend remains intact |
| ATR (14) | 6.56 | Typical daily swing about 4.6% |
ATR as a percentage is calculated by dividing $6.56 by a reference price of about $141.74.
Analysts' pivot levels provide a practical map for near-term support and resistance:
| Level type | Zone | Why it matters |
|---|---|---|
| Resistance | ~142.43 | Near-term ceiling in pivot framework |
| Resistance | ~147.25 | Higher resistance if earnings are strong |
| Pivot area | ~135.14 | “Balance” level traders often reference |
| Support | ~132.67 | First support if the stock sells off |
| Support | ~127.85 | Deeper support if earnings disappoint |
| Support | ~125.38 | Lower bound in the pivot set |
These levels don’t control the market, but they often affect where buyers and sellers appear after earnings.
Over the past year, ANET’s high and low have been $164.94 and $59.43, respectively.
Arista Networks reports after the US market close on February 12, 2026, and management hosts the earnings call at 4:30 PM ET. The report covers the quarter ended December 31, 2025.
Consensus expectations center on roughly $2.38 billion in revenue and about $0.75 in earnings per share. These forecasts set the baseline for whether results are viewed as a beat or a miss.
In its Q3 update, management guided Q4 revenue to $2.3 to $2.4 billion, with a non-GAAP gross margin of 62 to 63% and a non-GAAP operating margin of 47 to 48%. Those ranges shape how investors judge the quarter.
When a stock is priced for strong growth, the market often focuses on what comes next. If margins soften more than expected or guidance suggests slower order growth, investors may sell despite a headline beat. Arista’s Q4 margin outlook already implies a tougher mix than Q3.
Analyst data shows an implied one-week move of about 10.02 % into earnings. On a $140.96 close, that suggests a roughly $126.84 to $155.08 range right after results, even though the actual move can be smaller or larger.
Near-term pivot resistance sits around $142.43 and $147.25, while support is around $132.67, then $127.85. If the stock gaps hard, these areas often become reference points for whether the first move holds or reverses.
Arista Networks' earnings come with high expectations, thanks to recent strong growth and ongoing interest in AI data center buildouts. The key things to watch are revenue compared to the top of guidance, whether margins hold steady or fall, and what management says about the next quarter.
With options suggesting a double-digit move and technical levels clearly set, ANET is positioned for a strong post-earnings reaction that will depend on future outlook, not just last quarter’s results.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
