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Gross Margin Drivers

Arista Networks, Inc. · 2026-11-04 · Importance 36 · Surprise 14

Q3 FY2026 gross margin was 64%, down from 65.2% a year earlier but up from 63.4% in the prior quarter. Operating income was $1.8 billion, equal to 49.1% of revenue. The earnings-call report also described operating margin as above 49%.

Key facts

• Q3 FY2026 gross margin was 64%, down from 65.2% a year earlier and up from 63.4% in the prior quarter. source