Filing Flows › Arista Networks (ANET) › Q2 2026
Arista Networks (ANET) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Arista Networks (ANET) reported revenue of $3.0B for the second quarter 2026 (Q2 2026), +38% from a year earlier and +12% from the quarter before. Operating margin was 45.4%, net earnings $1.2B (40.0% of revenue).
Arista Networks, Q2 2026: revenue $3.0B (+38% year over year), operating margin 45.4%, net earnings $1.2B, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | +12% | +38% |
| Gross profit | $1.9B | +14% | +33% |
| Operating profit | $1.4B | +19% | +40% |
| Net earnings | $1.2B | +19% | +36% |
| Operating cash flow | $1.1B | -36% | -10% |
| Free cash flow | $1.1B | -36% | -10% |
What changed
Revenue was $3.0B in Q2 2026, up 38% year over year and up 12% from the previous quarter. Product was the largest line at 86% of revenue. Product added $0.73B year over year (up 39%), 88% of the total change.
Gross margin was 62.9%, down 2.3 points from Q2 2025. Operating profit was $1.4B, a 45.4% margin (up 0.7 points year over year). Of the extra revenue versus Q2 2025, 47% reached operating profit, above the 45% margin then. Operating expenses grew 18% against revenue growth of 38%. The fastest-growing cost line was Sales & marketing (+19%). Net earnings were $1.2B, up 36% year over year. The effective tax rate was 19.4%.
Operating cash flow was $1.1B (down 10% year over year), 89% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.12B of share-based compensation. Working capital and other items used $0.27B. Capital expenditures of $0.03B left free cash flow of $1.1B.
Questions
What was Arista Networks' revenue in the second quarter 2026?
Arista Networks (ANET) reported revenue of $3.0B for the second quarter 2026 (Q2 2026), +38% from a year earlier and +12% from the quarter before.
Was Arista Networks profitable in the second quarter 2026?
Operating profit was $1.4B (45.4% of revenue) and net earnings $1.2B.
Source: Arista Networks 10-Q on SEC EDGAR.