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Published on 05/05/2026 at 04:37 pm EDT
By Elias Schisgall
Arista Networks reported a higher profit and growing revenue in the first quarter.
The network infrastructure company on Tuesday logged a profit of $1.02 billion, or 80 cents a share, compared with a profit of $813.8 million, or 64 cents a share, a year earlier.
Stripping out certain one-time items, the company reported adjusted earnings of 87 cents a share. Analysts polled by FactSet were expecting 81 cents a share.
Revenue rose to $2.71 billion, up from $2 billion a year earlier. Analysts were expecting $2.62 billion, according to FactSet. The company had guided for $2.6 billion in revenue.
For the current second quarter, the company expects adjusted earnings of around 88 cents a share on revenue of about $2.8 billion. Analysts are expecting adjusted earnings of 86 cents a share on $2.78 billion in revenue.
Shares slipped 7.7% to $157.11 in post-market trading after closing down 1.4% at $170.22. At close, the stock was up 30% year-to-date.
Write to Elias Schisgall at [email protected]
(END) Dow Jones Newswires
05-05-26 1636ET