ARISTA NETWORKS $ANET Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $3.66B (Est. $3.33B) 🟢; +58.5% YoY 🔹 Adj. EPS: $1.20 (Est. $1.08) 🟢; +56% YoY Q4 Guide: 🔹 Revenue: ~$3.9B-$4.0B (Est. $3.6B) 🟢 🔹 Adj. EPS: $1.26-$1.30 (Est. $1.15) 🟢 🔹 Non-GAAP Operating Margin: 48%-49% Announcements: 🔹 Open Ethernet Architectures: up to 144 accelerators/rack; 1,024 XPUs 🔹 Added to S&P 100 Other Q3 Metrics: 🔹 Non-GAAP Oper Income: $1.80B (Est. $1.62B) 🟢 🔹 Non-GAAP Gross Margin: 64.0% (Est. 62.9%) 🟢; -120 bps YoY 🔹 Non-GAAP Operating Margin: 49.1%; +50 bps YoY 🔹 Deferred Revenue: $5.10B Comments: 🔸 “Arista registered another momentous quarter with the highest year-over-year revenue growth since our IPO and record profitability, surpassing even my high expectations” — Jayshree Ullal, Chairperson and CEO 🔸 “This quarter brought a true trifecta for our company, setting new record highs in revenue growth, net income, and EPS.” — Chantelle Breithaupt, CFO