Arista Networks, Inc. (ANET)

Arista Networks Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Quarter	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021
Revenue	2,709	2,488	2,308	2,205	2,005	1,930	1,811	1,690	1,571	1,540	1,509	1,459	1,351	1,276	1,177	1,052	877.07	824.46	748.7	707.32
Revenue Growth (YoY)	35.13%	28.88%	27.47%	30.43%	27.58%	25.31%	19.97%	15.87%	16.28%	20.77%	28.27%	38.70%	54.08%	54.71%	57.18%	48.72%	31.38%	27.14%	23.66%	30.85%
Cost of Revenue	1,032	924	818.1	766.2	728.7	699.4	649.2	593.2	570	541.22	567.04	574.8	546.84	506.95	466.82	408.63	323.22	301.75	270.08	253.14
Gross Profit	1,677	1,564	1,490	1,439	1,276	1,231	1,162	1,097	1,001	999.25	942.42	884.13	804.51	768.61	709.98	643.27	553.85	522.71	478.62	454.18
Selling, General & Admin	175.3	182.5	186	155.9	150.9	146.4	140.6	130.1	132.8	147.82	127.37	124.39	118.52	109.26	104.83	102.25	103.85	99.05	92.23	91.52
Research & Development	343.7	348.4	326	296.5	266.4	285	235.8	267.5	208.4	211.46	212.35	229.68	201.41	190.42	187.81	178.16	172.01	157.88	153.09	143.29
Total Operating Expenses	519	530.9	512	452.4	417.3	431.4	376.4	397.6	341.2	359.28	339.72	354.07	319.93	299.69	292.63	280.41	275.86	256.93	245.32	234.81
Operating Income	1,158	1,033	978.2	986.2	858.8	799.6	785.3	699.6	660.2	639.97	602.7	530.06	484.58	468.92	417.35	362.85	277.99	265.79	233.29	219.37
Total Non-Operating Income (Expense)	113.6	104.5	98.9	94	96.2	89.4	97.6	70.8	62.6	54.4	41.82	56.34	12.15	16.93	6.82	-0.53	31.48	1.5	1.35	1.72
Pretax Income	1,271	1,137	1,077	1,080	955	889	882.9	770.4	722.8	694.37	644.51	586.4	496.72	485.85	424.16	362.32	309.47	267.29	234.64	221.08
Provision for Income Taxes	248.5	181.6	224.1	191.4	141.2	88	134.9	105	85.1	80.75	99.18	94.52	60.25	58.76	70.17	63.22	37.21	27.99	10.34	24.2
Net Income	1,023	955.8	853	888.8	813.8	801	748	665.4	637.7	613.62	545.33	491.89	436.47	427.09	354	299.1	272.26	239.3	224.31	196.89
Net Income to Common	1,023	955.8	853	888.8	813.8	801	748	665.4	637.7	613.62	545.33	491.89	436.47	427.09	354	299.1	272.26	239.3	224.31	196.89
Net Income Growth	25.69%	19.33%	14.04%	33.57%	27.62%	30.54%	37.16%	35.28%	46.10%	43.67%	54.05%	64.46%	60.31%	78.48%	57.82%	51.91%	50.95%	30.79%	33.22%	35.98%
Shares Outstanding (Basic)	1,258	1,258	1,258	1,256	1,260	1,260	1,258	1,255	1,252	1,246	1,241	1,235	1,228	1,225	1,220	1,227	1,232	1,230	1,230	1,223
Shares Outstanding (Diluted)	1,274	1,276	1,277	1,271	1,279	1,283	1,282	1,280	1,279	1,275	1,271	1,266	1,262	1,261	1,258	1,266	1,279	1,279	1,279	1,275
Shares Change (YoY)	-0.42%	-0.59%	-0.41%	-0.66%	-0.02%	0.63%	0.89%	1.09%	1.35%	1.16%	1.03%	-0.03%	-1.27%	-1.42%	-1.64%	-0.71%	0.36%	0.85%	0.75%	0.52%
EPS (Basic)	0.81	0.76	0.68	0.71	0.65	0.64	0.59	0.53	0.51	0.49	0.44	0.40	0.35	0.35	0.29	0.24	0.22	0.20	0.18	0.16
EPS (Diluted)	0.80	0.75	0.67	0.70	0.64	0.62	0.58	0.52	0.50	0.48	0.43	0.39	0.34	0.34	0.28	0.23	0.21	0.19	0.17	0.15
EPS Growth	25.00%	20.97%	15.52%	34.62%	28.00%	29.17%	34.88%	34.19%	44.93%	42.22%	52.21%	64.89%	62.35%	80.00%	61.43%	51.61%	49.12%	29.31%	32.07%	35.52%
Free Cash Flow	1,639	1,262	1,238	1,176	613.3	1,031	1,168	985.8	504.4	526.45	687.77	422.51	368.85	40.47	123.67	92.23	202.26	225.24	226.69	258.9
Free Cash Flow Growth	167.24%	22.41%	6.05%	19.30%	21.59%	95.82%	69.75%	133.32%	36.75%	1200.74%	456.15%	358.11%	82.36%	-82.03%	-45.45%	-64.38%	-18.96%	20.50%	6.63%	90.16%
Free Cash Flow Per Share	1.29	0.99	0.97	0.93	0.48	0.80	0.91	0.77	0.39	0.41	0.54	0.33	0.29	0.03	0.10	0.07	0.16	0.18	0.18	0.20
Gross Margin	61.90%	62.86%	64.56%	65.25%	63.65%	63.77%	64.15%	64.91%	63.73%	64.87%	62.43%	60.60%	59.53%	60.26%	60.33%	61.15%	63.15%	63.40%	63.93%	64.21%
Operating Margin	42.74%	41.52%	42.38%	44.73%	42.84%	41.42%	43.37%	41.39%	42.01%	41.54%	39.93%	36.33%	35.86%	36.76%	35.46%	34.50%	31.70%	32.24%	31.16%	31.01%
Profit Margin	37.76%	38.42%	36.95%	40.31%	40.59%	41.49%	41.31%	39.36%	40.58%	39.83%	36.13%	33.72%	32.30%	33.48%	30.08%	28.43%	31.04%	29.02%	29.96%	27.84%
FCF Margin	60.50%	50.72%	53.64%	53.34%	30.59%	53.40%	64.47%	58.32%	32.10%	34.17%	45.56%	28.96%	27.30%	3.17%	10.51%	8.77%	23.06%	27.32%	30.28%	36.60%
EBITDA	1,181	1,056	1,001	999	872.6	814.9	800.9	715.1	675.8	654.33	619.7	548.38	505.48	486.45	434.5	377.77	291.08	278.26	245.92	231.94
EBITDA Margin	43.60%	42.44%	43.38%	45.31%	43.53%	42.21%	44.23%	42.30%	43.01%	42.48%	41.05%	37.59%	37.41%	38.14%	36.92%	35.91%	33.19%	33.75%	32.85%	32.79%
EBIT	1,158	1,033	978.2	986.2	858.8	799.6	785.3	699.6	660.2	639.97	602.7	530.06	484.58	468.92	417.35	362.85	277.99	265.79	233.29	219.37
EBIT Margin	42.74%	41.52%	42.38%	44.73%	42.84%	41.42%	43.37%	41.39%	42.01%	41.54%	39.93%	36.33%	35.86%	36.76%	35.46%	34.50%	31.70%	32.24%	31.16%	31.01%
Effective Tax Rate	19.55%	15.97%	20.81%	17.72%	14.79%	9.90%	15.28%	13.63%	11.77%	11.63%	15.39%	16.12%	12.13%	12.09%	16.54%	17.45%	12.02%	10.47%	4.40%	10.94%

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: May 5, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jun 17, 2026

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