### @ANET — Confirmed — from the Q1 2026 earnings call
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.
- tier: Confirmed (✓)
- source: ANET / Demand the best in a career, supply the opposite tale
- receipt: https://ticker.thevixguy.com/p/p-day-20260810-anet-src-anet-supply-constraint-rotation
- posted: 2026-08-10T10:00:58.678Z