Results
1Delivered 40% growth in non-GAAP EPS year-over-year as the company achieved its first $3+ billion revenue quarter.
Corporate events
Recognized on the 2026 Fortune 500 list of the largest United States corporations by revenue and named a Leader in the 2026 Gartner® Magic Quadrant™ for Enterprise Wired and Wireless LAN.
Introduced 1.6 Tbps AI fabric platforms, including liquid-cooled options optimized for scale-up, scale-out, and scale-across networks.
Management commentary
2“As we deliver our first $3 billion quarter in Q2 2026, it is clear that our Arista 2.0 platform strategy is compelling,” stated Jayshree Ullal, Chairperson and CEO of Arista Networks.
“Customers see networking as the central nervous system for infrastructure from the client to campus to data and AI centers.”
Results
Second Quarter Financial Highlights
4Revenue of $3.036 billion, an increase of 12.1% compared to the first quarter of 2026, and an increase of 37.7% from the second quarter of 2025.
7GAAP and non-GAAP operating margin of 45.4% and 49.9%, respectively, compared to GAAP and non-GAAP operating margin of 44.7% and 48.8% in the second quarter of 2025.
6GAAP and non-GAAP diluted earnings per share of $0.95 and $1.02, respectively, compared to GAAP and non-GAAP diluted earnings per share of $0.70 and $0.73 in the second quarter of 2025.
Management commentary
3Commenting on the company's financial results, Chantelle Breithaupt, Arista’s CFO, said, “Our second quarter 2026 reflects strong, broad-based growth, with revenue up 37.7% and EPS up 39.7%.
This performance underscores the strength of our market position and the continued dedication of our global team."
Results
Company Highlights
Corporate events
Defending the Keys to the Kingdom: Resilient Infrastructure vs. AI-Capable Adversaries – Join Arista, Anthropic and Palo Alto Networks for a webinar to discuss the future of security in an AI world.
Register here: https://events.arista.com/webinar-defending-the-keys-to-the-kingdom.
Arista Networks was named a Leader in the 2026 Gartner® Magic Quadrant™ for Enterprise Wired and Wireless LAN – The recognition reflects Arista's continued momentum in the enterprise campus, built on its unified, single-EOS architecture spanning the data center to the campus edge.
5Arista introduced the 7060XE7 Series, a next-generation 1.6-terabit portfolio for AI fabrics – The new Etherlink™ platforms deliver up to 100 Tbps of system bandwidth and support Linear Pluggable Optics, cutting interconnect power consumption by approximately 60% compared to traditional pluggable optics.
Arista detailed new innovations for scale-up, scale-out, and scale-across AI fabrics – The company outlined techniques including multi-planar leaf-spine designs, the open Multipath Reliable Connection
Management commentary
(MRC) protocol, and segment routing over IPv6 (SRv6), aimed at maximizing AI cluster utilization and resilience.
Outlook
Financial Outlook
For the third quarter of 2026, we expect:
Revenue of approximately $3.3 billion;
Non-GAAP operating margin of 48 - 49%; and
8Non-GAAP diluted net income per share between $1.06 and $1.08.
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