Arista Networks

ANET Information Technology Market cap $237B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 5, 2026

Revenue$3.04B +38% year over year

Gross profit$1.91B 63% margin

Operating profit$1.38B 45% margin

Net profit$1.21B 40% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3.04	100%	+38%
Cost of revenue	−1.13	37%
Gross profit	1.91	63% margin	−2pp
R&D	−0.35	12%	−2pp
Sales & marketing	−0.15	5%	−1pp
G&A	−0.03	1%	+0pp
Operating profit	1.38	45% margin	+1pp
Other income, net	0.13
Tax	−0.29
Net profit	1.21	40% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	2.71	100%	+35%
Americas	2.29	84%	+43%
EMEA	0.24	9%	+35%
Asia Pacific	0.18	7%	−21%
Cost of revenue	−1.03	38%
Gross profit	1.68	62% margin	−2pp
R&D	−0.34	13%	−1pp
Sales & marketing	−0.14	5%	−1pp
G&A	−0.03	1%	+0pp
Operating profit	1.16	43% margin	+0pp
Other income, net	0.11
Tax	−0.25
Net profit	1.02	38% margin	−3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.49	100%	+29%
Americas	1.96	79%	+21%
EMEA	0.38	15%	+86%
Asia Pacific	0.15	6%	+40%
Cost of revenue	−0.92	37%
Gross profit	1.56	63% margin	−1pp
R&D	−0.35	14%	−1pp
Sales & marketing	−0.14	5%	+0pp
G&A	−0.04	2%	+0pp
Operating profit	1.03	42% margin	+0pp
Interest & other costs	−3.41
Tax	−0.18
Net profit	−2.56	−103% margin	+4pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.31	100%	+27%
Americas	1.84	80%	+24%
EMEA	0.24	10%	+25%
Asia Pacific	0.23	10%	+64%
Cost of revenue	−0.82	35%
Gross profit	1.49	65% margin	+0pp
R&D	−0.33	14%	+1pp
Sales & marketing	−0.15	7%	+1pp
G&A	−0.04	1%	+0pp
Operating profit	0.98	42% margin	−1pp
Other income, net	0.10
Tax	−0.22
Net profit	0.85	37% margin	−4pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.21	100%	+30%
Americas	1.72	78%	+25%
EMEA	0.28	13%	+57%
Asia Pacific	0.20	9%	+45%
Cost of revenue	−0.77	35%
Gross profit	1.44	65% margin	+0pp
R&D	−0.30	13%	−2pp
Sales & marketing	−0.13	6%	+0pp
G&A	−0.03	1%	+0pp
Operating profit	0.99	45% margin	+3pp
Other income, net	0.09
Tax	−0.19
Net profit	0.89	40% margin	+1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 5, 2026 Operating margin 45% Net profit $1.21B	Apr 1 – Jun 30, 2026	Aug 5, 2026	$3.0B	+38%	45%	$1.21B	40%
Q1 FY26 Jan 1 – Mar 31, 2026 reported May 6, 2026 Operating margin 43% Net profit $1.02B	Jan 1 – Mar 31, 2026	May 6, 2026	$2.7B	+35%	43%	$1.02B	38%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 17, 2026 Operating margin 42% Net profit −$2.56B	Oct 1 – Dec 31, 2025	Feb 17, 2026	$2.5B	+29%	42%	−$2.56B	−103%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Nov 5, 2025 Operating margin 42% Net profit $0.85B	Jul 1 – Sep 30, 2025	Nov 5, 2025	$2.3B	+27%	42%	$0.85B	37%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Aug 6, 2025 Operating margin 45% Net profit $0.89B	Apr 1 – Jun 30, 2025	Aug 6, 2025	$2.2B	+30%	45%	$0.89B	40%