ANET · 8-K · 20260804PR000174

Operating Expense Trends

Arista Networks, Inc. · 2026-08-04 · Importance 47 · Surprise 22 · In source text

Research and development expense increased 17.4% to $348.2 million in Q2 2026 from $296.5 million in Q2 2025. Sales and marketing expense rose 18.8% to $150.3 million from $126.5 million, while general and administrative expense increased 15.0% to $33.8 million from $29.4 million. Total operating expenses increased 17.7% to $532.3 million from $452.4 million, and Q2 stock-based compensation included $70.1 million in R&D, $32.2 million in sales and marketing, and $10.7 million in G&A.

Key facts

• Total operating expenses for the three months ended June 30, 2026: $532.3 million. source
• Research and development expense for the three months ended June 30, 2026: $348.2 million. source
• Stock-based compensation expense included in total for the three months ended June 30, 2026: $120.4 million. source
• Stock-based compensation in research and development for the three months ended June 30, 2026: $70.1 million. source
• Sales and marketing expense for the three months ended June 30, 2026: $150.3 million. source
• Stock-based compensation in cost of revenue for the three months ended June 30, 2026: $7.4 million. source
• Intangible asset amortization included in GAAP operating adjustments for the three months ended June 30, 2026: $15.3 million. source
• General and administrative expense for the three months ended June 30, 2026: $33.8 million. source

Impact estimates