Short answer
Arista Networks (ANET) filed its Q2 2026 10-Q quarterly report on Aug 5, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $3.0B (up 37.7% year over year) with net income of $1.2B.
Q2 2026 key financials · XBRL
- Revenue
- $3.0B
- +37.7% YoY · +12.1% QoQ
- Net income
- $1.2B
- +36.5% YoY · +18.6% QoQ
- Operating margin
- 45.4%
- Gross margin
- 62.9%
- EPS (diluted)
- $0.95
- +35.7% YoY · +18.7% QoQ
Source: XBRL data from the Arista Networks (ANET) Q2 2026 10-Q on SEC EDGAR. USD.
Arista Networks Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $3,035.7M, up 37.7% YoY from $2,204.8M
- Product revenue $2,605.2M, up 38.8% YoY; service revenue $430.5M, up 31.3%
- Gross margin 62.9% vs 65.2% YoY, pressured by higher large-customer discounts
- Operating cash flow $2,776.5M vs $1,841.8M; cash, equivalents and securities $13.3B
- Headwinds: memory and silicon constraints, tariffs, elevated inventory commitments and uncertain AI demand variability
Risk Factors
- Tariff risk updated by February 2026 Supreme Court invalidation of IEEPA tariffs, alongside continuing retaliatory measures and trade-policy uncertainty
- Regulatory risk from enhanced U.S. trade restrictions and China export controls on critical minerals, including rare earth metals
- Customer concentration risk, with one end customer representing 26% of 2025 revenue
- Supply-chain risk from tightening memory and silicon availability driven by AI infrastructure and advanced automotive demand
- Financial liquidity risk from uninsured or excess-FDIC-limit cash and investments held with potentially insolvent financial institutions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Arista Networks quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.