Arista Networks Inc. 2026年季度报告

FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OFTHE SECURITIES EXCHANGEACT OF 1934 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 submit 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 growth 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. The number of shares outstanding of the registrant’s Common Stock, $0.0001 par value, as of April30, 2026 was 1,259,202,593. ARISTA NETWORKS, INC. TABLE OF CONTENTS PART I. FINANCIAL INFORMATION 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 ARISTA NETWORKS, INC.Condensed Consolidated Statements of Comprehensive Income ARISTA NETWORKS, INC.Condensed Consolidated Statements of Cash Flows ARISTA NETWORKS, INC.Notes to Condensed Consolidated Financial Statements 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-owned 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 prepared on the same basis as the audited consolidatedfinancial statements and include all adjustments, which include only normal recurring adjustments, necessary for the fair presentationof our financial information. The results for the three months ended March31, 2026, are not necessarily indicative of the results Our condensed consolidated financial statements and related financial information in this Quarterly Report on Form 10-Q should beread in conjunction with the audited consolidated financial statements and related footnotes included in our Annual Report on Form Use of Estimates The preparation of the accompanying consolidated financial statements in conformity with GAAP requires us to make estimates andassumptions that affect the amounts reported and disclosed in the consolidated financial statements and accompanying notes. Thoseestimates and assumptions include, but are not limited to, valuation of inventory and contract manufacturer/supplier liabilities,accounting for income taxes, including the recognition of deferred tax assets and liabilities, valuation allowance on deferred tax assets Recent Accounting Pronouncements Not Yet Effective In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses (Subtopic 220-40). TheASU requires the disaggregated disclosure of specific expense categories, including purchases of inventory, employee compensation,depreciation, and amortization, within relevant income statement captions, and also requires disclosure of the total amount of sellingexpenses along with the definition of selling expenses. The ASU is effective for annual periods begin