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Operating Margin Drivers

Arista Networks, Inc. · 2026-08-20 · Importance 20 · Surprise 24 · In source text

Arista’s second-quarter 2026 non-GAAP operating margin was 49.9%. Gross-margin sensitivity remains tied to customer mix, while component inflation and supply-chain costs could pressure margins. Sustaining gross margins within the company’s guided range is a key condition for maintaining the higher earnings outlook.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
marginunclearrealized—Q2 2026 non-GAAP operating margin: 49.9%.