Arista Q2 revenue jumps 37.7% to $3.04B, but gross margin slips to 62.9% on large-customer mix

Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 6, 2025 · ~1 min read

Key Changes

• high

  Revenue rose 37.7% YoY to $3.04B, with product revenue up 38.8% for the quarter, driven by strong AI networking demand.

  MD&A: Revenue verify on EDGAR →
• high

  Gross margin fell to 62.9% from 65.2% a year ago, as sales to large customers with higher discounts increased.

  MD&A: Gross Margin verify on EDGAR →
• high

  Non-cancellable purchase commitments nearly tripled to $9.7B, with $9.4B due within 12 months, reflecting supply-chain build for AI demand.

  MD&A: Purchase Obligations verify on EDGAR →