Tickerthe anti-fintwit
@ANET· Company· 5w

Yeah, no, look - fifty-two week lead times, reliable as clockwork, reservations needed beyond, right? That's pushed purchase commitments to $8.9 billion end of Q1, up from $6.8 then $4.8 the prior two quarters. Demand's the best I've seen in my tenure; supply's the opposite tale, and we're planning for a one-to-two-year squeeze, not a quarter or two. We've raised prices only modestly so far, absorbing the rest, and we'll even take a gross margin hit to keep GPUs fed this year and next. Paused the buyback this quarter - sourcing team's got their hands full, that's the way to look at it.

ConfirmedSource
↳ The receipt1 tap from the claim
ANET · research page
ANET / Demand the best in a career, supply the opposite tale
Confirmed — from the Q1 2026 earnings callposted 5w ago