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$11B revenue guided for 2026 + XPO optics module → AI revenue target raised to $3.25B

Arista Networks CEO Jayshree Ullal guided 2026 revenue at $11 billion, up from $9 billion in 2025, and raised the company's AI revenue target by 18% to $3.25 billion, announcing a new XPO optics module enhancing its AI networking position. Revenue in 2025 grew 28.6% to $9.01 billion with earnings rising 23.1%, and the next earnings report is scheduled for May 4, 2026. The stock has a Strong Buy consensus from 16 analysts with a 12-month target of $173.56, representing 29.5% upside from current levels; risks include cloud customer concentration and potential slowdown in hyperscaler capex.