ANET · Earnings call · 2026Q3T · Full report
Revenue Performance and Mix
Arista Networks, Inc. · 2026-11-03 · Importance 69 · Surprise 64 · No source text
Q3 2026 revenue was approximately $3.66 billion, up 58.5% year over year and above the $3.3 billion guidance. International revenue was $682.5 million, or 18.6% of total revenue, down from 23% in Q2 as sales mix shifted among large global customers. All three geographic segments achieved double-digit year-over-year growth.
Key facts
- Arista reported Q3 2026 total revenue of approximately $3.66 billion, up 58.5% year over year and above its $3.3 billion guidance.
- Q3 2026 revenue was $3.66 billion, with annual growth of 58.5%.
- Arista's total deferred revenue was approximately $6.8 billion, down from $6.9 billion in the prior quarter; most was product-related.
- Arista achieved year-over-year double-digit growth in all three geographic segments in Q3.
- Arista Q3 international revenue was $682.5 million, or 18.6% of total revenue, versus 23% in the prior quarter, primarily due to geographic mix changes among large global customers.
- Arista product deferred revenue decreased $86 million sequentially.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +44.5% | Arista reported Q3 2026 total revenue of approximately $3.66 billion, up 58.5% year over year and above its $3.3 billion guidance. |
| liability | positive | realized | +0.4% | Arista's total deferred revenue was approximately $6.8 billion, down from $6.9 billion in the prior quarter; most was product-related. |