Evercore ISI analyst Amit Daryanani added IBM and Arista Networks to its tactical outperform list ahead of Q1 earnings.
IBM, reporting April 22, is expected to post $15.6 bn revenue and $1.81 EPS, with a 21% sequential decline yet software boost from Confluent.
Arista Networks, reporting May 5, is expected to beat $2.61 bn revenue and $0.81 EPS, with Q2 revenue above $2.78 bn and target near $11.25 bn.
Evercore notes hyperscaler capex reaching ~$700 bn in 2026, up ~65% YoY, supporting strong AI‑driven demand for networking gear.