ANET Q1 2026 Earnings — Income Statement Breakdown
For its Q1 2026 period (ending 2026-03-31), ANET reported revenue of $2.7B, gross profit of $1.7B (61.9% gross margin), operating income of $1.2B, and net income of $1.0B (37.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
ANET was profitable; revenue grew 8.9% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +8.9% | +7.0% | −0.7 pp |
Consensus estimate data is not available for this report.
ANET Q1 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $2.7B | 100% |
| Cost of Revenue | −$1.0B | 38.1% |
| Gross Profit | $1.7B | 61.9% |
| Research & Development | −$344M | 12.7% |
| Selling, General & Administrative | −$175M | 6.5% |
| Operating Income | $1.2B | 42.7% |
| Other Income, net | $114M | 4.2% |
| Income Tax Expense | −$249M | 9.2% |
| Net Income | $1.0B | 37.8% |
Source: original SEC filing (filed 2026-05-05). Accession 0001596532-26-000074. Data normalized by EarningsFyi.