Arista Networks Earnings On Deck As Stock (ANET) Retests $120 – What To Expect

Arista Networks (NYSE: ANET) is set to announce its second-quarter 2025 financial results before market open tomorrow, with the stock rallying in to the print, testing $120 after what has been a year of two halves.

The consensus estimate for Q2 2025 earnings per share (EPS) is $0.65, a notable increase from the $0.46 reported in the same quarter last year. Analysts expect Arista Networks to report revenue of $2.11 billion, reflecting a 24.78% year-over-year increase from $1.69 billion in Q2 2024.

This projected growth underscores strong demand in cloud networking and AI infrastructure as key drivers heading into the earnings release.

The earnings release and subsequent conference call are expected to provide critical insights into Arista’s strategic direction and financial health.

Arista's Q1 2025 results set a high bar, with revenues reaching $2.005 billion, a 27.6% increase year-over-year. GAAP net income also surged, rising to $813.8 million, or $0.64 per diluted share, compared to $637.7 million, or $0.50 per diluted share, in the same period last year.

These impressive figures underscore Arista's continued success in capturing market share and capitalizing on the growing demand for its cloud networking solutions. Moreover, the company's authorization of an additional $1.5 billion stock repurchase program in May 2025 signals management's confidence in its future prospects and commitment to returning value to shareholders.

Markets will be closely scrutinizing the earnings report for details on revenue growth, profitability, and management's outlook for the remainder of the year. The company's participation in upcoming investor events, including the J.P. Morgan Hardware & Semis Access Forum and Deutsche Bank’s Annual Technology Conference, will further shape market perceptions.

Looking ahead, the market's reaction to the Q2 earnings report will be crucial in determining the stock's near-term trajectory. A strong earnings beat and positive guidance could propel the stock towards new all-time highs, while a miss could trigger a correction.

Analysts have been actively tweaking their EPS outlooks ahead of earnings, 2 boosting estimates in the month leading in. The stock, currently priced at $119.18, has demonstrated significant upward momentum in recent weeks, rebounding from the mid-$80s to outperform monthly averages.

With the stock having had a tough start to the year, and subsequently rallied strongly, there is somewhat of an inflection point here around $120. All eyes will be looking to earnings for clues about the next leg in ANET.