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Arista Networks (ANET) operating margin by quarter

Arista Networks' operating margin was 44.9% in Q3 2026 (third quarter 2026), -0.5 pts from Q2 2026. Over the last 7 quarters it ranged from 41.5% (Q4 2025) to 45.4% (Q2 2026).

Arista Networks operating margin by quarterArista Networks operating margin by quarter42.8%Q1 202544.7%Q2 202542.4%Q3 202541.5%Q4 202542.7%Q1 202645.4%Q2 202644.9%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202644.9%-0.5 pts+2.5 pts
Q2 202645.4%+2.7 pts+0.7 pts
Q1 202642.7%+1.2 pts-0.1 pts
Q4 202541.5%-0.9 pts—
Q3 202542.4%-2.4 pts—
Q2 202544.7%+1.9 pts—
Q1 202542.8%——

Q3 2026 at a glance

Arista Networks, Q3 2026: revenue $3.7B (+58% year over year), operating margin 44.9%, net earnings $1.6B, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.

Questions

What is Arista Networks' operating margin?

Arista Networks' operating margin was 44.9% in Q3 2026 (third quarter 2026), -0.5 pts from Q2 2026.

How has Arista Networks' operating margin changed?

Over the last 7 quarters it ranged from 41.5% (Q4 2025) to 45.4% (Q2 2026).

Q3 2026 results → · How Arista Networks makes money →