A full reconciliation of our selected GAAP to non-GAAP results is provided in our earnings release. Now endorsed by greater than 100 vendors, salient features include record-breaking throughput, delivering 12.8 TB per pluggable module. Our VeloCloud acquisition is also integrating well into our branch and campus strategy, bringing more distributed enterprise use cases and a new channel motion with managed service providers, MSPs. Arista's AI leaf and spine Etherlink products were deployed at 800 Gb to provide the incredible performance modern AI networks require.

This was a strategic NeoCloud win with large potential for upside growth in an area where we are seeing enormous opportunity and velocity in both NeoCloud and Sovereign cloud customers. On the hardware side, we deployed popular 7280 routing platforms using EOS's FlexRoute capabilities, which unlock deep buffering, a rich control plane software stack, and full internet route scale. On the software side, Arista's AVD framework again automates router provisioning to reduce the time it takes to turn up services while also reducing errors. To achieve deep network observability, the customer deployed our R3 series for filter and delivery roles on our monitoring fabric, DMF.

Our demand is actually the best I have ever seen in my Arista tenure. We anticipate gross margin pressure due to mix and trade-offs we are making to pay more to assure supply continuity to our customers. Nevertheless, it gives us confidence to increase our forecasted growth slightly to 27.7%, aiming now for $11.5 billion for 2026. It is a core tenet that underpins our strong financial return to shareholders.

More on Arista Networks, Inc.

Reported 2026-05-05 · figures from the Arista Networks, Inc. Q1 2026 earnings call.

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