Arista Networks, Inc. — fact timeline

Arista Networks, Inc. shareholders approved Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2026 at the 2026-05-29 meeting.

“3. Ratification of Appointment of Independent Registered Public Accounting Firm For Against Abstained Broker Non-votes 1,103,492,066 31,447,422 344,467 – The stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.”

Arista Networks, Inc. shareholders approved To approve, on an advisory basis, the compensation of the Company’s named executive officers at the 2026-05-29 meeting.

“2. Advisory Vote on Named Executive Officer Compensation For Against Abstained Broker Non-votes 624,907,669 410,157,079 862,319 99,356,888 The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers.”

Arista Networks, Inc. shareholders approved To elect three Class III directors to serve until the 2029 annual meeting of stockholders and until their successors are duly elected and qualified at the 2026-05-29 meeting.

“1. Election of Director Nominee For Withheld Broker Non-votes Lewis Chew 810,796,786 225,130,281 99,356,888 Greg Lavender 819,814,267 216,112,800 99,356,888 Mark B. Templeton 655,362,300 380,564,767 99,356,888 Each director nominee was duly elected to serve until the 2029 annual meeting of stockholders and until his or her successor is duly elected and qualified.”

Arista Networks, Inc. reported first quarter ended March 31, 2026 results: revenue $2.709 billion, EPS GAAP and non-GAAP diluted earnings per share of $0.80 and $0.87.

“Revenue of $2.709 billion, an increase of 8.9% compared to the fourth quarter of 2025, and an increase of 35.1% from the first quarter of 2025. • GAAP and non-GAAP operating margin of 42.7% and 47.8%, respectively, compared to GAAP and non-GAAP operating margin of 42.8% and 47.8% in the first quarter of 2025. • GAAP and non-GAAP diluted earnings per share of $0.80 and $0.87”

Arista Networks, Inc.: Amended bylaws to allow multiple individuals to hold the role of President and updated forum selection provision for DGCL amendments (effective 2025-09-05).

“On September 5, 2025, in connection with Mr. Duda’s appointment as President, the Company’s current Amended and Restated bylaws were amended and restated to provide that the role of the President of the Company may be held by more than one individual. In addition, in connection with recent amendments to the Delaware General Corporation Law (“DGCL”), the forum selection provision in Section 9.5 of the Company’s current Amended and Restated bylaws was amended and restated to add that if the Court of Chancery of the State of Delaware does not have jurisdiction, a State court in Delaware or the federal district court of the District of Delaware will be the sole and exclusive forum for (a) any derivative action or proceeding brought on behalf of the Company, (b) any action asserting a claim of breach of a fiduciary duty owed by any director, stockholder, officer or other employee of the Company to the Company or the Company’s stockholders, (c) any action arising pursuant to any provision of”

Todd Nightingale was appointed as President and Chief Operating Officer at Arista Networks, Inc..

“On June 13, 2025 , Arista Networks, Inc. (the “Company”) appointed Todd Nightingale, age 45, to serve as the Company’s President and Chief Operating Officer.”

Marc Taxay resigned as General Counsel at Arista Networks, Inc..

“On May 1, 2025, Marc Taxay, the Company’s General Counsel, notified the company of his intention to resign from the Company effective May 7, 2025.”

Greg Lavender was appointed as independent director at Arista Networks, Inc..

“On March 14, 2025, the Board of Directors (the “Board”) of Arista Networks, Inc. (“Arista”) increased the size of the Board to nine members and appointed Greg Lavender to serve as an independent member of Arista’s Board, effective immediately.”

Arista Networks, Inc.: Amendment to Amended and Restated Certificate of Incorporation to effect a four-for-one forward stock split and increase authorized common stock from 1,000,000,000 to 4,000,000,000 shares (effective 2024-12-03).

“On December 3, 2024, the Company filed an amendment (the “Amendment”) to the Company’s Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the Stock Split and proportionately increase the number of shares of the Company’s authorized common stock from 1,000,000,000 to 4,000,000,000.”

Arista Networks, Inc. reported first quarter ended March 31, 2024 results: revenue $1.571 billion, net income $637.7 million, EPS $1.99 per diluted share. Guidance initiated.

“Revenue of $1.571 billion, an increase of 2.0% compared to the fourth quarter of 2023, and an increase of 16.3% from the first quarter of 2023. • GAAP gross margin of 63.7%, compared to GAAP gross margin of 64.9% in the fourth quarter of 2023 and 59.5% in the first quarter of 2023. • Non-GAAP gross margin of 64.2%, compared to non-GAAP gross margin of 65.4% in the fourth quarter of 2023 and 60.3% in the first quarter of 2023. • GAAP net income of $637.7 million, or $1.99 per diluted share, compared to GAAP net income of $436.5 million, or $1.38 per diluted share in the first quarter of 2023. • Non-GAAP net income of $637.7 million, or $1.99 per diluted share, compared to non-GAAP net income of $452.5 million, or $1.43 per diluted share in the first quarter of 2023.”

Anshul Sadana resigned as Chief Operating Officer at Arista Networks, Inc..

“On April 18, 2024, Anshul Sadana, the Company’s Chief Operating Officer, notified the Company of his intention to resign from the Company effective May 21, 2024.”

Arista Networks, Inc. reported quarter ending March 31, 2024 results: revenue $1.52 billion to $1.56 billion. Guidance initiated.

“Financial Outlook For the first quarter of 2024, we expect: • Revenue between $1.52 billion to $1.56 billion; • Non-GAAP gross margin of approximately 62%; and • Non-GAAP operating margin of approximately 42%.”

Arista Networks, Inc. reported quarter ended December 31, 2023 results: revenue $1,540.4 million, net income $613.6 million, EPS $1.92 per diluted share.

“• Revenue of $1,540.4 million, an increase of 2.1% compared to the third quarter of 2023, and an increase of 20.8% from the fourth quarter of 2022. • GAAP gross margin of 64.9%, compared to GAAP gross margin of 62.4% in the third quarter of 2023 and 60.3% in the fourth quarter of 2022. • Non-GAAP gross margin of 65.4%, compared to non-GAAP gross margin of 63.1% in the third quarter of 2023 and 61.0% in the fourth quarter of 2022. • GAAP net income of $613.6 million, or $1.92 per diluted share, compared to GAAP net income of $427.1 million, or $1.35 per diluted share, in the fourth quarter of 2022. • Non-GAAP net income of $664.3 million, or $2.08 per diluted share, compared to non-GAAP net income of $445.1 million, or $1.41 per diluted share, in the fourth quarter of 2022.”

Arista Networks, Inc. reported year ended December 31, 2023 results: revenue $5,860.2 million, net income $2,087.3 million, EPS $6.58 per diluted share.

“• Revenue of $5,860.2 million, an increase of 33.8% compared to fiscal year 2022 . • GAAP gross margin of 61.9%, compared to GAAP gross margin of 61.1% in fiscal year 2022 . • Non-GAAP gross margin of 62.6%, compared to non-GAAP gross margin of 61.9% in fiscal year 2022 . • GAAP net income of $2,087.3 million, or $6.58 per diluted share, compared to GAAP net income of $1,352.4 million, or $4.27 per diluted share, in fiscal year 2022 . • Non-GAAP net income of $2,199.4 million or $6.94 per diluted share, compared to non-GAAP net income of $1,448.3 million or $4.58 per diluted share, in fiscal year 2022 .”

Arista Networks, Inc.: Adopted amended and restated bylaws adding proxy access provision for stockholders to include director nominees in proxy materials (effective 2023-12-18).

“On December 18, 2023, the Board of Directors (the “Board”) of Arista Networks, Inc. (the “Company”), acting upon the recommendation of the Board’s Nominating and Corporate Governance Committee, adopted amended and restated bylaws (the “Amended and Restated Bylaws”), which became effective immediately.”

Chantelle Breithaupt was appointed as Senior Vice President, Chief Financial Officer at Arista Networks, Inc..

“On December 1, 20 23, Arista Networks, Inc. (the “Company”) announced the appointment of Chantelle Breithaupt to serve as the Company’s Senior Vice President, Chief Financial Officer.”

Arista Networks, Inc. reported third quarter ended September 30, 2023 results: revenue $1.509 billion, net income $545.3 million, EPS $1.72 per diluted share.

“in the third quarter,” says Jayshree Ullal, President and CEO of Arista Networks. “Customer momentum remained strong in both enter prise and cloud/AI sectors.” • Revenue of $1.509 billion, an increase of 3.5% compared to the second quarter of 2023, and an increase of 28.3% from the third quarter of 2022. • GAAP gross margin of 62.4%, compared to GAAP gross margin”

Arista Networks, Inc. reported its second quarter ended June 30, 2023 results: revenue $1.459 billion, net income $491.9 million, or $1.55 per diluted share, EPS $1.55 per diluted share. Guidance raised.

“President and CEO of Arista Networks. “Our customers now represent more than 75 million cumulative cloud networking ports.” Second Quarter Financial Highlights • Revenue of $1.459 billion, an increase of 8.0% compared to the first quarter of 2023, and an increase of 38.7% from the second quarter of 2022. • GAAP gross margin of 60.6%, compared to GAAP gross margin”

Ita Brennan departed as Senior Vice President, Chief Financial Officer at Arista Networks, Inc..

“On July 27, 2023, Ita Brennan, the Company’s Senior Vice President, Chief Financial Officer, notified the Company of her intention to retire in 2024, effective after the Company has hired her replacement to ensure a smooth and orderly transition of her responsibilities.”

Arista Networks, Inc. shareholders approved Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-06-14 meeting.

“3. Ratification of Appointment of Independent Registered Public Accounting Firm For Against Abstained Broker Non-votes 277,621,422 4,817,256 194,330 0 The stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.”

Arista Networks, Inc. shareholders approved Advisory vote to approve the compensation of the Company’s named executive officers at the 2023-06-14 meeting.

“2. Advisory Vote on Named Executive Officer Compensation For Against Abstained Broker Non-votes 244,852,222 12,622,587 2,260,178 22,898,021 The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers.”

Arista Networks, Inc. shareholders approved Election of two Class III directors to serve until the 2026 annual meeting of stockholders at the 2023-06-14 meeting.

“ITEM 5.07 Submission of Matters to a Vote of Security Holders. On June 14, 2023, the Company held its 2023 Annual Meeting of Stockholders (the "Annual Meeting"). The stockholders voted on the following proposals at the Annual Meeting: 1. To elect two Class III directors to serve until the 2026 annual meeting of stockholders and until their successors are duly elected and qualified, subject to earlier resignation or removal; 2. To approve, on an advisory basis, the compensation of the Company’s named executive officers; and 3. To ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2023. For more information about the foregoing proposals, see the Company’s proxy statement, filed with the Securities and Exchange Commission on April 28, 2023. The voting results for each of the proposals are as follows: 1.Election of Directors Nominee For Withheld Broker Non-votes Lewis Chew 190,172,554”

Arista Networks, Inc. reported first quarter ended March 31, 2023 results: revenue $1.351 billion, net income $436.5 million, EPS $1.38 per diluted share. Guidance initiated.

“Arista Networks, Inc. Reports First Quarter 2023 Financial Results SANTA CLARA, Calif.- May 1, 2023 -- Arista Networks, Inc. (NYSE: ANET), an industry leader in data-driven, client to cloud networking for large data center, campus and routing environments, today announced financial results for its first quarter ended March 31, 2023. “Amid macroeconomic uncertainty and a gradually recovering supply chain, Arista continues to bring innovative, leading-edge platforms to market, while delivering superior customer and financial outcomes,” said Jayshree Ullal, President and CEO of Arista Networks. “Our Q1 results illustrate this with continued growth in revenue and profits.” First Quarter Financial Highlights • Revenue of $1.351 billion, an increase of 5.9% compared to the fourth quarter of 2022, and an increase of 54.1% from the first quarter of 2022. • GAAP gross margin of 59.5%, compared to GAAP gross margin of 60.3% in the fourth quarter of 2022 and 63.1% in the first quarter of 2022. •”

Arista Networks, Inc. reported financial results for the quarter and year ended December 31, 2022.

“On February 13, 2023, Arista Networks, Inc. (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2022.”

Arista Networks, Inc. reported third quarter ended September 30, 2022 results: revenue $1.177 billion, net income $354.0 million, EPS $1.13 per diluted share. Guidance initiated.

““Clearly, we are entering the next phase of Arista’s evolution in products, customer intimacy and new market expansion.” Third Quarter Financial Highlights • Revenue of $1.177 billion, an increase of 11.9% compared to the second quarter of 2022, and an increase of 57.2% from the third quarter of 2021. • GAAP gross margin of 60.3%, compared to GAAP gross margin”

Yvonne Wassenaar was appointed as Director at Arista Networks, Inc..

“On July 21, 2022, the Board of Directors (the “Board”) of Arista Networks, Inc. (“Arista”) increased the size of the Board to nine members and appointed Yvonne Wassenaar to serve as an independent member of Arista’s Board effective immediately.”

Ann Mather resigned as Director at Arista Networks, Inc..

“On March 28, 2022, Ann Mather, a Class II director, notified Arista Networks, Inc. (the “Company”) that she will not stand for re-election as a director at the end of her current term and intends to resign from the board of directors of the Company (“Board”), effective as of the date of the Company’s 2022 Annual Meeting of Stockholders”

Lewis Chew was appointed as independent director at Arista Networks, Inc..

“On July 19, 2021, the Board of Directors (the “Board”) of Arista Networks, Inc. (“Arista”) increased the size of the Board to nine members and appointed Lewis Chew to serve as an independent member of Arista’s Board effective immediately.”