Form 10-Q · Quarterly report
Arista Networks 10-Q, filed Aug 5, 2026
- Filed
- CIK
- 0001596532
- Accession no.
- 0001596532-26-000175
Summary
Arista Networks reported second-quarter 2026 revenue of $3.04 billion, up 37.7% from a year earlier, while gross margin fell to 62.9% from 65.2% as cost of revenue rose 46.9%. Management said AI-driven demand is lifting sales of its switching and routing platforms but that supply constraints in memory and silicon markets, tariff uncertainty, and the pricing discounts required by large customers are pressuring margins, and noted that two end customers each accounted for more than 10% of revenue in each of the last three years.
Key points
- Total revenue for the three months ended June 30, 2026 was $3.04 billion, up 37.7% year over year, with product revenue up 38.8% to $2.61 billion and service revenue up 31.3% to $430.5 million.
- Gross margin declined to 62.9% for the quarter from 65.2% a year earlier, and to 62.4% for the six-month period from 64.5%.
- One end customer represented 16%, 15%, and 21% of total revenue and another represented 26%, 20%, and 18% for the years ended December 31, 2025, 2024, and 2023.
- Management said it is working with contract manufacturers and suppliers on component constraints, trade policy and tariff uncertainty, and expects inventory and purchase commitments to remain elevated.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview In a world where data is increasingly a precious commodity and competitive differentiator, Arista was founded to enable our customers to access all their centers of data in the quickest, most reliable, and secure manner. Over the last two decades, we have established ourselves as an industry leader in data-driven, client-to-cloud networking-as-a-service. Our “Centers of Data” strategy is a fundamental pivot from legacy, siloed networking to a unified, data-driven approach in which the network is a service that interconnects four primary domains: AI Centers, Data Centers, Campus Centers, and WAN Centers. …
An excerpt of the text as filed with the SEC, cut for length.
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