How often does Arista Networks move more than the options market prices?

4 of the last 8 reports moved at least as far as the implied move.

ANETNYSEComputer Communications Equipment

Arista Networks, Inc. (ANET) earnings date, market-implied expected move, and options open interest by expiry

169.15

+5.01 · +3.05%

post 186.00 +9.96%

Closed19:59 ET

Open165.57Volume7.4MMkt cap$207.0BP/E57.94EPS3.21

Day165.57 – 195.0069%52-wk114.52 – 217.4169%

ANET

Arista Networks, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Feb 11

after close · in 100 days

est.Q4 FY26

Calendar

Next report

Last report

Nov 3

after close

confirmedNov 2 close

Implied vs realized

Largest filed tie

26.00%

of ANET revenue · Other end customer

customerANET 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

−2.84%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

2,262 managers

Top fund weight

0.98%

ANET weight · XLK

N-PORTJun 30 '26

11 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Arista Networks (ANET) is expected to report on Feb 11 after close (estimated date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±8.3%
avg realized: ±8.3%

Nov 7 '24Nov 7 '24confirmed±7.1%▼−7.09%×1.00

Feb 18 '25Feb 18 '25confirmed±9.4%▼−6.43%×0.69

May 6 '25May 6 '25confirmed±8.3%▼−4.76%×0.58

Q2 FY25Aug 5 '25confirmed±7.8%▲+17.49%×2.23

Q3 FY25Nov 4 '25confirmed±8.2%▼−8.55%×1.04

Q4 FY25Feb 12 '26confirmed±8.8%▲+4.79%×0.54

Q1 FY26May 5 '26confirmed±7.8%▼−13.61%×1.75

Q2 FY26Aug 4 '26confirmed±8.8%▲+3.57%×0.40

quarterimplied−20%0+20%realized×

Q2 FY26±8.8%▲+3.57%×0.40

Q1 FY26±7.8%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 9 expiries · Nov 2 close

1.20OI · 9 expiries · Nov 2 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

6 nearer expiries

6,933+34%Nov 63d0.927,509+34%0.92

1,719+9%Nov 1310d0.702,457+3%0.70

28,849+2%Nov 2017d1.0327,9800%1.03

1,892+7%Nov 2724d1.241,520+4%1.24

294+47%Dec 431d0.281,062+4%0.28

0—Dec 1138d—0——

17,973+4%Dec 1845d1.0816,696+2%1.08

45,111−1%Jan 1573d0.9348,687+2%0.93

report · Feb 11 · after close · est.

ExpiryPutsCallsP/C

6 nearer expiries

Nov 63d6,933+34%7,509+34%0.92

Nov 1310d1,719+9%2,457+3%0.70

Nov 2017d28,849+2%27,980

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ2 FY26

39.95%as filednet margin · revenue +12.06% QoQ · +37.69% YoY

Revenue

$3.0B+12.06% QoQ

Gross profit

$1.9B+13.93% QoQ

62.93% margin

Operating income

$1.4B+19.02% QoQ

45.39% margin

Pre-tax income

$1.5B+18.32% QoQ

Net income

$1.2B+18.57% QoQ

39.95% margin

Cost of revenue

$1.1B+9.03% QoQ

Operating expenses

$532M+2.56% QoQ

R&D $348M

Marketing $150M

SG&A $34M

Tax

$291M+17.26% QoQ

Other income

$126M+11.18% QoQ

Revenue$3.0B+12.06%

Gross profit

$1.9B+13.93%

62.93% margin

Operating income

$1.4B+19.02%

45.39% margin

Pre-tax income

$1.5B+18.32%

Net income

$1.2B+18.57%

39.95% margin

Cost of revenue

$1.1B+9.03%

Operating expenses

$532M+2.56%

R&D $348M

Marketing $150M

SG&A $34M

Other income$126M+11.18%

Tax$291M+17.26%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:45 ET

Intraday

Event sensitivity

GDP ×1.48· ±3.4% vs ±2.3% · 20 releases

eventrelease day|move|up · n×base

GDPgross domestic product±3.4%14 of 20×1.48

CPIconsumer prices±3.3%8 of 11×1.42

PPIproducer prices±3.2%4 of 11×1.39

CPROFcorporate profits±3.1%10 of 12×1.36

FOMCrate decision±2.6%16 of 24×1.14

NFPjobs report±2.3%4 of 10×1.01

PCEpersonal income & outlays±2.2%14 of 20×0.95

Bar = avg |move| to ±4% · tick = ±2.3% avg day · ×base = |move| ÷ ±2.3% · min 6 releases

Earnings history

EPS 0.95 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 4 '26 · confirmed	0.95	—
Q1 FY26	May 5 '26 · confirmed	0.80	—
Q4 FY25	Feb 12 '26 · confirmed	0.82	—
Q3 FY25	Nov 4 '25 · confirmed	0.67	—

Methodology

ties · implied moves · holdersMethod