ANET · 8-K · 20261103PR000252
Revenue Performance and Mix
Arista Networks, Inc. · 2026-11-03 · Importance 74 · Surprise 64 · Contradicted
Third-quarter 2026 revenue was $3,657.6 million, up 58.5% year over year and 20.5% sequentially, and exceeded the $3.3 billion guidance cited in the release. Product revenue was $3,190.0 million, up 66.9% year over year, while service revenue was $467.6 million, up 17.9%. Product revenue increased to 87.2% of total revenue from 82.8% a year earlier, shifting the revenue mix toward products.
Key facts
- Q3 2026 revenue was $3.66 billion, exceeding guidance of $3.3 billion and increasing 58.5% year over year. source
- Q3 2026 revenue was $3.66 billion, up 20.5% sequentially and 58.5% year over year. source
- Q3 2026 product revenue was $3,190.0 million, compared with $1,911.7 million in Q3 2025. source
- For the nine months ended September 30, 2026, product revenue was $8,106.5 million, compared with $5,481.2 million in 2025. source
- For the nine months ended September 30, 2026, service revenue was $1,295.8 million, compared with $1,036.7 million in 2025. source
- Q3 2026 service revenue was $467.6 million, compared with $396.6 million in Q3 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +86.5% | For the nine months ended September 30, 2026, product revenue was $8,106.5 million, compared with $5,481.2 million in 2025. |
| revenue | positive | realized | +45.1% | Q3 2026 revenue was $3.66 billion, up 20.5% sequentially and 58.5% year over year. |
| revenue | positive | realized | +8.5% | For the nine months ended September 30, 2026, service revenue was $1,295.8 million, compared with $1,036.7 million in 2025. |