Form 10-Q · Quarterly report
Arista Networks 10-Q, filed Nov 4, 2026
- Filed
- CIK
- 0001596532
- Accession no.
- 0001596532-26-000254
Summary
Arista Networks reported total revenue of $3.66 billion for the quarter ended September 30, 2026, up 58.5% from $2.31 billion a year earlier, as product revenue rose 66.9% to $3.19 billion; gross margin narrowed to 63.6% from 64.6%. Management said two end customers each accounted for more than 10% of revenue in each of the last three years, and that tightening supply in memory and silicon markets, along with tariff and trade-policy uncertainty, continued to pressure gross margins.
Key points
- Total revenue for the nine months ended September 30, 2026 was $9.40 billion, up 44.3% from $6.52 billion in the same period of 2025.
- One end customer accounted for 16%, 15% and 21% of total revenue in the years ended December 31, 2025, 2024 and 2023, and another accounted for 26%, 20% and 18% over the same years.
- The Americas represented 81.4% of third-quarter 2026 revenue, with EMEA at 10.4% and Asia-Pacific at 8.2%.
- Arista said it expects inventory and purchase commitments to remain elevated and volatile amid new product introductions and tightening supply conditions.
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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