04:19 AM EDT, 05/07/2025 (MT Newswires) -- (Updates with the latest stock move in the headline and the last paragraph.)

Arista Networks ( ANET ) reported Q1 non-GAAP earnings late Tuesday of $0.65 per diluted share, up from $0.50 a year earlier.

Analysts polled by FactSet expected $0.59.

Revenue in the three months ended March 31 rose to $2 billion from $1.57 billion a year earlier.

Analysts expected $1.97 billion.

The company expects Q2 revenue of $2.1 billion, while analysts project $2.08 billion.

Arista Networks' ( ANET ) board authorized an additional share buyback program of up to $1.5 billion.

The company's shares were down 4.8% in recent premarket activity Wednesday.