Arista Networks

government 2,881.6 0.6 ( 9.4 ) 2,872.8 2,970.4 8.8 2,979.2 Corporate bonds 6,310.1 1.6 ( 23.0 ) 6,288.7 4,321.2 16.0 ( 0.9 ) 4,336.3 Municipal bonds 17.6 ( 0.1 ) 17.5 14.5 14.5 Agency securities 1,358.2 0.1 ( 8.3 ) 1,350.0 1,495.5 2.7 ( 0.6 ) 1,497.6 Total $ 11,147.8 $ 2.3 $ ( 40.8 ) $ 11,109.3 $ 8,914.4 $ 27.5 $ ( 1.5 ) $ 8,940.4 For debt securities in unrealized loss positions, it is not likely that we will be required to sell such securities before recovery of their amortized cost basis nor do we have the intent to sell such securities before maturity.

SEC original ↗Arista Networks — 10-Q Quarterly report10-QAug 5, 2026

We invest in debt securities that have maximum maturities of three years that are generally deemed to be low risk based on their credit ratings from the major rating agencies.

SEC original ↗Arista Networks — 10-Q Quarterly report10-QAug 5, 2026

The longer the duration of these debt securities, the more susceptible they are to changes in market interest rates and bond yields.

SEC original ↗Arista Networks — 10-Q Quarterly report10-QAug 5, 2026

Given the relatively short-term and conservative nature of our portfolio, our debt securities are generally not subject to credit risk; therefore, we did not recognize any credit losses or non-credit-related impairments related to such securities for the three and six months ended June 30, 2026.

SEC original ↗Arista Networks — 10-Q Quarterly report10-QAug 5, 2026

The following table is an analysis of our debt securities in unrealized loss positions (in millions): June 30, 2026 Unrealized Losses within 12 months Fair Value Unrealized Losses U.

SEC original ↗Arista Networks — 10-Q Quarterly report10-QAug 5, 2026

government notes 2,113.7 ( 9.4 ) Corporate bonds 5,108.9 ( 23.0 ) Municipal bonds 17.4 ( 0.1 ) Agency securities 1,249.7 ( 8.3 ) Total $ 8,489.7 $ ( 40.8 ) Debt securities in unrealized losses positions 12 months or greater were not material as of June 30, 2026 As of June 30, 2026, we had no marketable debt securities with contractual maturities that exceeded three years .

SEC original ↗Arista Networks — 10-Q Quarterly report10-QAug 5, 2026

1 Arista Expands Commitment to India for Enterprise Networking and AI Innovation The Make in India initiative drives domestic manufacturing of key campus and data center switches as well as Wi-Fi 7 access points.

SEC original ↗Arista Networks — Earnings release (8-K exhibit)EX-99Aug 5, 2025

These non-GAAP financial measures exclude stock-based compensation expense, intangible asset amortization, (gains) losses on strategic investments, and the income tax effect of these non-GAAP exclusions.

SEC original ↗Arista Networks — Earnings release (8-K exhibit)EX-99Aug 5, 2025

A significant portion of our purchase orders for finished goods and strategic components, including integrated circuits consigned to contract manufacturers, consists of non-cancellable commitments.

SEC original ↗Arista Networks — 10-Q Quarterly report10-QAug 5, 2026

The financial information reviewed by the CODM reflects quarterly and year-to-date operating results, with a primary focus on revenue, gross margin, operating margin and net income as reported on the consolidated statements of income.

SEC original ↗Arista Networks — 10-Q Quarterly report10-QAug 5, 2026

Consolidated financial information is used by the CODM to evaluate performance and make decisions regarding resource allocation and other strategic initiatives.

SEC original ↗Arista Networks — 10-Q Quarterly report10-QAug 5, 2026

Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors that could cause actual results, performance or achievements to differ materially from those anticipated in or implied by the forward-looking statements including but not limited to risks associated with escalated or escalating U.

SEC original ↗Arista Networks — Earnings release (8-K exhibit)EX-99Aug 5, 2025

tariffs and countermeasures and retaliatory actions taken by affected countries enhanced import export restrictions, such as enhanced export controls the U.

SEC original ↗Arista Networks — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Additional risks and uncertainties that could affect us can be found in our most recent filings with the Securities and Exchange Commission, including, but not limited to, our annual report on Form 10-K and quarterly reports on Form 10-Q.

SEC original ↗Arista Networks — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Legal Proceedings 22 Item 1A.

SEC original ↗Arista Networks — 10-Q Quarterly report10-QAug 5, 2026

Legal Proceedings In the ordinary course of business, we are a party to various claims, litigation and other legal proceedings, including matters relating to intellectual property and patent disputes.

SEC original ↗Arista Networks — 10-Q Quarterly report10-QAug 5, 2026

Based on currently-available information, management does not believe that any additional liabilities relating to other unresolved matters are probable or that the amount of any resulting loss is estimable, and believes these other matters are not likely, individually and in the aggregate, to have a material adverse effect on our financial position, results of operations or cash flows; however, litigation is subject to inherent uncertainties and our view of these matters may change in the future.

SEC original ↗Arista Networks — 10-Q Quarterly report10-QAug 5, 2026