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ANET · Q2 FY2026 (Apr-Jun 2026)

Arista Networks Q2 FY2026
Out of every $100 in sales, $45 was operating profit

Next earnings: Tue, Nov 3, after the close (expected)
Revenue
$3.0B
+38% vs. a year ago
Operating income
$1.4B
+40% vs. a year ago
Net income
$1.2B
+36% vs. a year ago
Operating margin
45%
45% → 45%

Where every $100 of sales went

Per $100 of sales
Revenue
$100
$3.0B
−Cost of revenue
−$37
$1.1B
Gross profit
$63
$1.9B
−R&D
−$11
$0.3B
−Sales & marketing
−$5
$0.2B
−G&A
−$1.1
$0.0B
Operating income
$45
$1.4B
−Taxes & non-operating items
−$5.4
$0.2B
Net income
$40
$1.2B

Last 8 quarters: revenue and operating income

43%FY24 Q341%FY24 Q443%FY25 Q145%FY25 Q242%FY25 Q342%FY25 Q443%FY26 Q145%FY26 Q2

Quarter by quarter

QuarterRevenueOperating incomeOperating marginNet income
Q2 FY2026 (Apr-Jun 2026)$3.0B$1.4B45.4%$1.2B
Q1 FY2026 (Jan-Mar 2026)$2.7B$1.2B42.7%$1.0B
Q4 FY2025 (Oct-Dec 2025)$2.5B$1.0B41.5%−$2.6B
Q3 FY2025 (Jul-Sep 2025)$2.3B$1.0B42.4%$0.9B
Q2 FY2025 (Apr-Jun 2025)$2.2B$1.0B44.7%$0.9B
Q1 FY2025 (Jan-Mar 2025)$2.0B$0.9B42.8%$0.8B
Q4 FY2024 (Oct-Dec 2024)$1.9B$0.8B41.4%−$2.1B
Q3 FY2024 (Jul-Sep 2024)$1.8B$0.8B43.4%$0.7B

XBRL figures from the company's 10-Q and 10-K filings with the SEC. The fourth quarter is the full year minus the first three. Where gross profit isn't reported, it is revenue minus cost of revenue. For information only, not investment advice.

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