Arista Networks 2026年季度报告

SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OFTHE SECURITIES EXCHANGEACT OF 1934For the quarterly period ended June30, 2026or ☐TRANSITION REPORT PURSUANT TO SECTION13 OR15(d)OFTHE SECURITIES EXCHANGEACT OF 1934For the transition period fromto Commission File Number:001-36468 Arista Networks,Inc. (Exact Name of Registrant as Specified in its Charter) Not Applicable Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule12b-2 of the Exchange Act. Large accelerated filer☒Acceleratedfiler☐Non-accelerated filer☐Smallerreportingcompany☐Emerging growthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No The number of shares outstanding of the registrant’s Common Stock, $0.0001 par value, as of July30, 2026 was 1,261,224,648. ARISTA NETWORKS, INC. TABLE OF CONTENTS PART I. FINANCIAL INFORMATION Item 1.Financial Statements (Unaudited)1Condensed Consolidated Balance Sheets as ofJune30, 2026 andDecember31, 20251Condensed Consolidated Income Statements for the Three Months and Six Months EndedJune30, 2026 and20252Condensed Consolidated Statements of Comprehensive Income for the Three Months and Six Months EndedJune30, 2026 and 20253Condensed Consolidated Statements of Stockholders’ Equity for the Three Months and Six Months EndedJune30, 2026 and 20254Condensed Consolidated Statements of Cash Flows for the Six Months EndedJune30, 2026 and 20255Notes to Condensed Consolidated Financial Statements6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations15Item 3.Quantitative and Qualitative Disclosures About Market Risk21Item 4.Controls and Procedures22 PART II. OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures ARISTA NETWORKS, INC.Condensed Consolidated Income Statements(Unaudited, in millions, except per share amounts) ARISTA NETWORKS, INC.Condensed Consolidated Statements of Cash Flows(Unaudited, in millions) The accompanying notes are an integral part of these condensed consolidated financial statements (unaudited). ARISTA NETWORKS, INC.Notes to Condensed Consolidated Financial Statements(Unaudited) 1.Organization and Summary of Significant Accounting Policies Organization Arista Networks, Inc. (together with our subsidiaries, “we,” “our,” "Arista," "Company" or “us”) is an industry leader in data-driven,client-to-cloud networking for large AI, data center, campus and routing environments. Our cloud networking solutions consist of ourExtensible Operating System ("EOS®"), a set of network applications and our Ethernet switching and routing platforms. We areincorporated in the state of Delaware. Our corporate headquarters are located in Santa Clara, California, and we have wholly-ownedsubsidiaries throughout the world, including North America, Europe, Asia and Australia. Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of Arista Networks, Inc. and ourwholly-owned subsidiaries and have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) andthe requirements of the U.S. Securities and Exchange Commission (the “SEC”) for interim reporting. As permitted under those rules,certain footnotes or other financial information that are normally required by GAAP can be condensed or omitted. In management’sopinion, the unaudited condensed consolidated financial statements have been pre