Overview
- Revenue rose 27.5% year over year to $2.308 billion and adjusted EPS reached $0.75, topping estimates.
- Management guided fourth-quarter revenue to $2.3 billion–$2.4 billion, implying roughly 22% growth and a slower sequential pace.
- The stock fell about 7.1% intraday after the report, according to S&P Global Market Intelligence data.
- Arista detailed AI-focused moves, including partnerships with NVIDIA, AMD and OpenAI; new offerings such as Etherlink, Arista AVA and ESUN; leadership changes naming Kenneth Duda President and CTO and Tyson Lamoreaux SVP; and a 2026 revenue goal of $10.65 billion with $2.75 billion from AI.
- Investor debates center on a roughly 50x 2025 P/E and exposure to concentrated demand, with Microsoft and Meta representing about 35% of 2024 revenue.