Arista Networks, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 4, 2026, reporting third-quarter total revenue of $3,657.6 million and net income of $1,560.4 million.

Key Highlights

  • Total revenue (Q3 2026): $3,657.6 million, compared to $2,308.3 million in Q3 2025, according to the filing.
  • Net income (Q3 2026): $1,560.4 million, up from $853.0 million in Q3 2025, as reported in the condensed consolidated income statements.
  • Diluted EPS (Q3 2026): $1.22 per share, versus $0.67 per share in the year-ago quarter.
  • Nine-month total revenue: $9,402.3 million for the nine months ended September 30, 2026, compared to $6,517.9 million for the same period in 2025.
  • Total assets: $25,264.1 million as of September 30, 2026, up from $19,448.6 million as of December 31, 2025.
  • Marketable securities: $12,070.9 million as of September 30, 2026, compared to $8,779.1 million at December 31, 2025.
  • Shares outstanding: 1,263,402,335 shares of common stock as of October 29, 2026, as stated on the cover page.

Arista Networks Financial Results for the Three and Nine Months Ended September 30, 2026

According to the filing, Arista Networks reported total revenue of $3,657.6 million for the three months ended September 30, 2026, consisting of product revenue of $3,190.0 million and service revenue of $467.6 million. This compares to total revenue of $2,308.3 million in the same quarter of 2025, which included product revenue of $1,911.7 million and service revenue of $396.6 million. For the nine months ended September 30, 2026, the company disclosed total revenue of $9,402.3 million, up from $6,517.9 million for the nine months ended September 30, 2025.

The filing reported gross profit of $2,325.7 million for Q3 2026, compared to $1,490.2 million in Q3 2025. Total operating expenses were $683.3 million for the quarter, including research and development expenses of $486.9 million, sales and marketing expenses of $156.6 million, and general and administrative expenses of $39.8 million. Income from operations reached $1,642.4 million for the three months ended September 30, 2026, against $978.2 million in the prior-year period. Net income for Q3 2026 was $1,560.4 million, with diluted net income per share of $1.22, based on weighted-average diluted shares of 1,278.2 million.

On the balance sheet, the company reported total assets of $25,264.1 million as of September 30, 2026, compared to $19,448.6 million as of December 31, 2025. Cash and cash equivalents stood at $2,288.1 million, while marketable securities totaled $12,070.9 million. Total deferred revenue, combining current and non-current portions, was $6,839.5 million as of September 30, 2026 ($5,102.2 million current and $1,737.3 million non-current), up from $5,372.4 million at December 31, 2025. Total stockholders' equity was $16,446.7 million at the end of the quarter. The company is listed on the New York Stock Exchange under the ticker NYSE:ANET.

What Was Disclosed

Arista Networks filed a quarterly report on Form 10-Q covering the period ended September 30, 2026. The filing disclosed income statement, balance sheet, and cash flow data for the three and nine months ended September 30, 2026 and 2025, along with notes and management discussion.