ANET: ANET Announces 7060EX7-Series 1.6T Switches; Highlights Evolution Toward Tightly Integrated Rack-Scale Systems

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ANET: ANET Announces 7060EX7-Series 1.6T Switches; Highlights Evolution Toward Tightly Integrated Rack-Scale Systems

Equity Research

Company Update — June 9, 2026

IT Hardware & Communications Networking

Arista Networks, Inc.

ANET Announces 7060EX7-Series 1.6T Switches; Overweight

Highlights Evolution Toward Tightly Integrated Rack-Scale Price Target: $185.00

Systems

Our Call Ticker ANET

Upside/(Downside) to Target 17.3%

ANET intro's next-gen 1.6T portfolio for AI Fabrics - the 7060XE7-series; availability

commencing in 4Q26 / 1Q27. More notably, we would highlight ANET's Blog (here) post Price (06/09/2026) $157.68

discussing new 8-plane network fabric + MRC w/in SRv6-enabled forwarding plane. 52 Week Range $85.58 - 179.80

Market Cap (MM) $200,853

What's New: Arista has announced their 1.6T portfolio of 7060XE7-series switches Enterprise Value (MM) $188,500

for AI fabrics. ANET's press release (here) highlights Meta, Microsoft, and Oracle as key Average Daily Value (MM) $1,413

customers; also outlines partnerships with AMD for next-gen compute silicon and NICs to Dividend Yield 0.0%

enable scale-out Ethernet-based AI fabrics. ANET notes that this introduction reflects a

transition from providing high-performance switches to delivering comprehensive rack- $ (Dec) Q1 Q2 Q3 Q4 FY

scale systems; tight coupling w/ rack-scale AI supersystems. EPS

2026E 0.87 A 0.87 E 0.91 E 0.96 E 3.61 E

Our Thought: ANET's intro of 1.6T switches based on Broadcom's Tomahawk 6 silicon is 2027E 1.29 E 1.34 E 1.38 E 1.45 E 4.49 E

not a surprise. We think the more notable takeaway from ANET's announcement is the

Source: Company Data, Wells Fargo Securities estimates, and Factset.

emphasis on deep rack-scale integration - focus on elastic & integrated backplanes vs.