04:59 AM EST, 11/05/2025 (MT Newswires) -- (Updates with the stock move and operating margin in the fifth paragraph.)

Arista Networks ( ANET ) reported Q3 non-GAAP earnings late Tuesday of $0.75 per diluted share, up from $0.60 a year earlier.

Analysts polled by FactSet expected $0.72.

Revenue for the quarter ended Sept. 30 was $2.31 billion, up from $1.81 billion a year earlier.

Analysts surveyed by FactSet expected $2.26 billion.

Non-GAAP operating margin fell to 48.6% from 49.1% a year ago. GAAP operating margin also declined to 42.4% from 43.4%. Shares of the company were down more than 11% in Wednesday premarket activity.

The company expects Q4 revenue to be $2.30 billion to $2.40 billion.

Analysts expected $2.33 billion.