### @ANET — Confirmed — from the earnings call and the 10-K
Yeah, no, look - two customers have been north of 10% each for three straight years, right? That's 42% combined in '25, one easing from 21% to 16%, the other climbing 18% to 26%. First time we named 'em on the Q1 call: Microsoft and Meta, both decade-plus partners. Which is which? We didn't specify. We'd like to add one, maybe two more 10%-ers this year - demand's certainly there, shipments are the question, that's the way to look at it.
- tier: Confirmed (✓)
- source: ANET / Two customers, named at last: Microsoft and Meta
- receipt: https://ticker.thevixguy.com/p/p-day-20260713-anet-src-anet-customer-concentration-ingest
- posted: 2026-07-13T00:38:59.027Z