Arista Networks (ANET) posted better-than-expected earnings as quarterly revenue reached a record high.

Arista reported first-quarter revenue of $2.01 billion, up 28% year-over-year and above the analyst consensus from Visible Alpha. Adjusted net income of $826.2 million, or 65 cents per share, rose from $637.7 🍌million, or 50 cents per share, a year earlier, surpassing Wall Street’s estimates. 

"AI, cloud, and enterprise customers continue to drive network transformation," CEO Jayshree Ullal said. That drove the company's quarterly revenue above $2 billion for the first time "despite the unknowns around tariffs," Ullal added.

Still, shares of the cloud networking company fell about 7% 💙in aft𝓡er-hours trading. The stock was down 18% for 2025 through Tuesday’s close.

Expectations were high ahead of the results after Meta (META) and Microsoft (MSFT)—which make up an estimated 40% of Arista's sales—committed to big investments in 澳洲幸运5开奖号码ꦑ历史查询:artificial intel𝕴ligence infrastructure. The tech giants' plans "eased concerns that spending would be cut," Citi analysts said ahead of Tuesday's report.

Looking ahead, Arista said it expects second-quarter revenಌue of $2.1 billion, above the analyst consensus.

The company also said its board authorized a 澳洲幸运5开奖号码历史查询:share repurchase program of up to $1.5 billion.