Arista Networks Forecasts $2.3–2.4B Q4 Sales with 62–63% Gross Margin
Arista Networks forecasts Q4 fiscal 2025 revenue of $2.30–$2.40B, non-GAAP gross margin of 62–63%, and operating margin of 47–48%, driven by hyperscaler demand and AI-driven networking. Piper Sandler raised its price target to $159, and Giverny notes a 27.1% share gain over 52 weeks, valuing the company at $178.5B.
1. Q4 Guidance Highlights
Arista Networks projects fiscal Q4 2025 revenue between $2.30 billion and $2.40 billion, with a non-GAAP gross margin of 62–63% and operating margin of 47–48%. Management cites continued strength in hyperscale demand and AI-driven networking platforms as the primary drivers of these targets.
2. Analyst Sentiment and Price Targets
Melius Research maintained a Buy rating with a $200 price target, while Piper Sandler upgraded to Overweight and increased its target from $145 to $159, labeling 2026 a “Year of Refresh” fueled by enterprise spending, AI exposure, and stable market share dynamics.
3. Share Performance and Valuation
Giverny Capital highlighted a 27.12% share price increase over the past 52 weeks, with Arista’s shares closing at $141.74 on January 30, 2026. This performance places the company’s market valuation at approximately $178.49 billion.