ANET · Earnings call · 2026Q2T · Full report

Operating Expense Trends

Arista Networks, Inc. · 2026-08-04 · Importance 58 · Surprise 42 · From source text

Q2 operating expenses were $411 million, or 13.5% of revenue, up from $396.8 million in Q1. The increase reflected additional investment in liquid cooling, high-radix switching, and AI-optimizing software. R&D expense rose to $278.1 million, or 9.2% of revenue, from $271.5 million sequentially. Sales and marketing expense was $109.8 million, or 3.6% of revenue, while G&A increased to $23.1 million from $21.8 million.

Key facts

• Operating expenses for the quarter were $411 million or 13.5% of revenue, up from $396.8 million last quarter.
• R&D spending was $278.1 million or 9.2% of revenue, up from $271.5 million last quarter.
• Sales and marketing expense was $109.8 million or 3.6% of revenue, down from 3.8% of revenue last quarter.
• G&A costs were $23.1 million or 0.8% of revenue, up from $21.8 million last quarter.

Impact estimates