ANET Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2026-06-30), ANET reported revenue of $3.0B, gross profit of $1.9B (62.9% gross margin), operating income of $1.4B, and net income of $1.2B (40.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
ANET was profitable; revenue grew 12.1% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +12.1% | +18.6% | +2.2 pp |
Consensus estimate data is not available for this report.
ANET Q2 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $3.0B | 100% |
| Cost of Revenue | −$1.1B | 37.1% |
| Gross Profit | $1.9B | 62.9% |
| Research & Development | −$348M | 11.5% |
| Selling, General & Administrative | −$184M | 6.1% |
| Operating Income | $1.4B | 45.4% |
| Other Income, net | $126M | 4.2% |
| Income Tax Expense | −$291M | 9.6% |
| Net Income | $1.2B | 40.0% |
Source: ANET filings on SEC EDGAR (period ended 2026-06-30). Data normalized by EarningsFyi.