Revenue Growth Acceleration
Revenue grew 35.1% YoY from $2.00B to $2.71B in Q1 2026, reflecting sustained strong demand for Arista's cloud networking products and services across hyperscaler and enterprise customers.
Arista Networks, Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Arista Networks delivered a strong Q1 2026 with revenue surging 35.1% YoY to $2.71B and net income rising 25.7% to $1.02B, driven by robust demand for cloud networking solutions, while operating cash flow more than doubled to $1.69B.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue grew 35.1% YoY from $2.00B to $2.71B in Q1 2026, reflecting sustained strong demand for Arista's cloud networking products and services across hyperscaler and enterprise customers.
Gross margin declined modestly by approximately 1.8 percentage points YoY to 61.9% (from 63.7%), likely reflecting a higher mix of hardware revenue and elevated cost of revenue which grew 41.6% YoY — faster than revenue growth of 35.1%.
Operating income grew 34.8% YoY to $1.16B, with operating margin holding nearly flat at 42.7% (vs. 42.8% prior year), demonstrating Arista's ability to scale efficiently despite increased R&D investment of $343.7M (+29.0% YoY).
Revenue
$2.71B
++35.13% YoY
EPS (Basic)
$0.81
++24.62% YoY
Gross Margin
61.9%
-1.75% YoY
Operating Income
$1.16B
++34.82% YoY
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