| ANET |
Report |
2Q26 revenue |
BEAT |
pred ~$2.87B vs. cons $2.828B |
MEDIUM |
| ANET |
Report |
2Q26 non-GAAP EPS |
BEAT |
pred ~$0.91 vs. cons $0.89 |
MEDIUM |
| ANET |
Report |
2Q26 non-GAAP gross margin |
IN-LINE |
pred ~62.7% vs. cons 62.6% |
MEDIUM |
| ANET |
Guide |
3Q26 revenue guidance |
LOWER |
guide ~$2.92B vs. cons $2.97B (3Q26) |
MEDIUM |
| ANET |
Guide |
FY26 revenue outlook |
LOWER |
guide ~$11.50B vs. cons $11.68B (FY26) |
MEDIUM |
| ANET |
Guide |
FY26 AI-fabric revenue outlook |
UNCHANGED |
guide ~$3.50B vs. cons $3.50B (FY26) |
MEDIUM |
| ANET |
Guide |
FY26 non-GAAP gross-margin outlook |
UNCHANGED |
guide ~63.0% midpoint vs. cons 63.0% (FY26) |
MEDIUM |
| ANET |
Return |
Day-1 residual (stock − beta × S&P 500) |
-5.5% |
— |
MEDIUM |
| ANET |
Return |
5-day cumulative residual |
-8.0% (FOLLOW-THROUGH) |
A ~$2.87B revenue beat versus $2.828B consensus and ~$0.91 EPS versus $0.89 consensus would be outweighed by a ~$2.92B 3Q guide versus $2.97B consensus and FY26 revenue held at ~$11.50B versus $11.68B consensus. The implicit second-half revenue math and supply-constrained shipment commentary would likely drive out-period estimate cuts after the initial reaction. |
MEDIUM |