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Arista Networks, Inc. (ANET)
NYSE: ANET · Real-Time Price · USD
186.45
-6.73 (-3.48%)
At close: Aug 19, 2026, 4:00 PM EDT
185.24
-1.21 (-0.65%)
Pre-market: Aug 20, 2026, 8:43 AM EDT

Arista Networks Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
3,0362,7092,4882,3082,2052,0051,9301,8111,6901,5711,5401,5091,4591,3511,2761,1771,052877.07824.46748.7
Revenue Growth
37.69%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%
Gross Profit
1,9101,6771,5641,4901,4391,2761,2311,1621,0971,001999.23942.42884.13804.51768.61709.98643.27553.85522.71478.62
Operating Income
1,3781,1581,033978.2986.2858.8799.6785.3699.6660.2639.91602.7530.06484.58468.92417.35362.85277.99265.79233.29
Net Income
1,2131,023955.8853888.8813.8801748665.4637.7613.64545.33491.89436.47427.09354299.1272.26239.3224.31
Earnings Per Share
0.950.800.750.670.700.640.630.580.520.500.480.430.390.340.340.280.230.210.190.17
EPS Growth
35.71%25.00%19.06%15.52%34.62%28.00%30.01%34.88%34.19%44.93%43.26%52.21%64.89%62.35%82.71%61.43%51.61%49.12%27.53%32.07%

Revenue by Segment
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Product
2,6052,3112,0961,9121,8771,6931,6081,5241,4231,3291,3101,2861,2621,1721,0971,009885.81724.72667.96604.16
Service
430.5397.7392.1396.6327.8312.3322.34287.13267.13242.53230.12223.91197.39179.26178.69168.11166.09152.35156.5144.54
Revenue (Total)
3,0362,7092,4882,3082,2052,0051,9301,8111,6901,5711,5401,5091,4591,3511,2761,1771,052877.07824.46748.7

Cash & Debt
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash & Investments
13,34312,35310,74310,1068,8448,1508,3047,4286,2745,4505,0084,4563,7413,3313,0242,9802,9023,4243,4083,386
Total Debt
--90.5----69.861.665.965.5248.0451.755.2963.8477.351.7957.4776.8361.63
Net Cash (Debt)
13,34312,35310,65310,1068,8448,1508,3047,3596,2125,3844,9424,4083,6893,2762,9602,9032,8503,3663,3313,325
Net Cash Growth
50.87%51.58%28.29%37.34%42.37%51.37%68.00%66.95%68.38%64.35%66.98%51.84%29.45%-2.69%-11.15%-12.70%-11.42%13.73%19.72%19.99%
Net Cash Per Share
10.469.708.357.926.966.376.475.744.854.213.883.472.912.602.352.312.252.632.602.60

Cash Flow & CapEx
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Operating Cash Flow
1,0831,6941,2621,2681,200641.71,0311,175989513.8526.46698.98434.09374.4840.47134.11101.1217.14225.24272.58
Capital Expenditures
-29.7-54.5-37-30.1-24-28.4-12.4-7-3.2-9.4-6.01-11.21-11.58-5.63-10.46-10.44-8.87-14.88-9.28-45.89
Free Cash Flow
1,0531,6391,2251,2381,176613.31,0191,168985.8504.4520.45687.77422.51368.8530.01123.6792.23202.26215.96226.69
Free Cash Flow Growth
-10.44%167.24%20.27%6.05%19.30%21.59%95.69%69.75%133.32%36.75%1634.10%456.15%358.11%82.36%-86.10%-45.45%-64.38%-18.96%20.48%6.63%

Margins
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Gross Margin
62.93%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%
Operating Margin
45.39%42.74%41.52%42.38%44.73%42.84%41.42%43.36%41.39%42.01%41.54%39.93%36.33%35.86%36.76%35.47%34.49%31.70%32.24%31.16%
Pretax Margin
49.55%46.93%45.72%46.66%48.99%47.64%46.05%48.75%45.58%46.00%45.08%42.70%40.19%36.76%38.09%36.04%34.44%35.28%32.42%31.34%
Profit Margin
39.95%37.76%38.42%36.95%40.31%40.59%41.49%41.30%39.36%40.58%39.84%36.13%33.72%32.30%33.48%30.08%28.43%31.04%29.02%29.96%
FCF Margin
34.70%60.50%49.24%53.64%53.34%30.59%52.76%64.47%58.32%32.10%33.79%45.56%28.96%27.30%2.35%10.51%8.77%23.06%26.19%30.28%

Valuation
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
PE Ratio
52.8941.4746.9954.5639.5232.2748.8245.2544.6139.6135.1029.9629.2333.9127.4229.4927.9245.8552.5333.60
Forward PE
45.0234.6940.8648.7939.4031.0646.8744.6143.7638.7333.5628.8827.3228.8923.5326.6524.6538.2544.1830.99
P/FCF Ratio
41.4929.2338.8045.2632.3225.8237.8837.9440.7042.4636.6437.7352.8783.6682.7454.1739.2047.3146.4428.83
PS Ratio
20.2915.8918.3221.6816.1613.1419.8818.2317.4014.9112.5010.189.4910.598.468.748.2513.5414.989.51