### @ANET — Confirmed — from the Q1 2026 earnings call and quarterly filing
Yeah, no, look - Q1 came in at $2.71 billion, up 35% year over year, above our $2.6 billion guide, right? But here's what caught my eye: operating cash flow of about $1.69 billion, strongest we've ever seen. Non-GAAP gross margin 62.4%, inside our 62-63% range though down from 63.4% last quarter. And we'd remind you - acceptance timing on customer projects can swing quarters in ways last year didn't teach us. That's the way to look at it.
- tier: Confirmed (✓)
- source: ANET / The quarter, and the twice-raised outlook
- receipt: https://ticker.thevixguy.com/p/p-day-20260802-anet-src-anet-q1-2026-quarter-rotation
- posted: 2026-08-02T17:02:37.520Z