Arista Networks, Inc. (ANET)
NYSE: ANET · IEX Real-Time Price · USD
289.98
+1.57 (0.54%)
At close: Mar 28, 2024, 4:00 PM
289.79
-0.19 (-0.07%)
After-hours: Mar 28, 2024, 7:59 PM EDT
Arista Networks Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Quarter Ended | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | +5 Quarters |
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Revenue | 1,540 | 1,509 | 1,459 | 1,351 | 1,276 | 1,177 | 1,052 | 877.07 | 824.46 | 748.7 | 707.32 | 667.56 | 648.48 | 605.43 | 540.57 | 523.03 | 552.55 | 654.42 | 608.32 | 595.42 | 595.73 | 563.31 | 519.85 | 472.49 | 467.87 | 437.63 | 405.21 | 335.48 | 327.97 | 290.26 | 268.74 | 242.2 | 245.45 | 217.55 | 195.55 | 179.05 | 173.49 | 155.46 | 137.95 | 117.21 | Upgrade
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Revenue Growth (YoY) | 20.77% | 28.27% | 38.70% | 54.08% | 54.71% | 57.18% | 48.72% | 31.38% | 27.14% | 23.66% | 30.85% | 27.63% | 17.36% | -7.49% | -11.14% | -12.16% | -7.25% | 16.17% | 17.02% | 26.02% | 27.33% | 28.72% | 28.29% | 40.84% | 42.66% | 50.77% | 50.78% | 38.51% | 33.62% | 33.42% | 37.43% | 35.27% | 41.48% | 39.94% | 41.76% | 52.76% | 51.17% | 52.98% | 65.24% | 91.05% | Upgrade
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Cost of Revenue | 541.21 | 567.04 | 574.8 | 546.84 | 506.95 | 466.82 | 408.63 | 323.22 | 301.75 | 270.08 | 253.14 | 242.29 | 233.9 | 220.47 | 196.48 | 184.78 | 196.24 | 237.14 | 218.13 | 214.85 | 220.73 | 201.73 | 185.96 | 169.57 | 160.7 | 157.02 | 145.43 | 121.27 | 117.81 | 103.84 | 97.29 | 87.11 | 89.28 | 75.8 | 67.66 | 61.29 | 57.05 | 54.51 | 44.57 | 35.89 | Upgrade
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Gross Profit | 999.23 | 942.42 | 884.13 | 804.51 | 768.61 | 709.98 | 643.27 | 553.85 | 522.71 | 478.62 | 454.18 | 425.27 | 414.58 | 384.96 | 344.09 | 338.25 | 356.3 | 417.27 | 390.19 | 380.57 | 374.99 | 361.58 | 333.88 | 302.92 | 307.17 | 280.62 | 259.78 | 214.21 | 210.16 | 186.42 | 171.45 | 155.09 | 156.17 | 141.75 | 127.89 | 117.75 | 116.44 | 100.96 | 93.38 | 81.31 | Upgrade
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Selling, General & Admin | 147.83 | 127.37 | 124.39 | 118.52 | 109.26 | 104.83 | 102.25 | 103.85 | 99.05 | 92.23 | 91.52 | 86.49 | 86.1 | 68.52 | 65.56 | 75.44 | 70.25 | 69.94 | 69.06 | 66.56 | 62.91 | 63.22 | 64.61 | 61.82 | 60.6 | 60.18 | 61.95 | 59.18 | 61.26 | 52.75 | 49.27 | 42.84 | 49.36 | 51.7 | 45.08 | 38.66 | 33.09 | 30.85 | 27.84 | 25.89 | Upgrade
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Research & Development | 211.48 | 212.35 | 229.68 | 201.41 | 190.42 | 187.81 | 178.16 | 172.01 | 157.88 | 153.09 | 143.29 | 132.49 | 133.85 | 128.05 | 111.54 | 113.15 | 110.06 | 118.73 | 114.3 | 119.67 | 118.44 | 117.59 | 104.08 | 102.36 | 107.18 | 79.61 | 81.19 | 81.61 | 71.4 | 70.65 | 69.02 | 62.52 | 57.41 | 58.75 | 49.95 | 43.34 | 44.34 | 36.23 | 34.89 | 33.45 | Upgrade
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Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 405 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Upgrade
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Operating Expenses | 359.31 | 339.72 | 354.07 | 319.93 | 299.69 | 292.63 | 280.41 | 275.86 | 256.93 | 245.32 | 234.81 | 218.98 | 219.95 | 196.57 | 177.1 | 188.59 | 180.31 | 188.67 | 183.35 | 186.23 | 181.35 | 180.81 | 573.69 | 164.18 | 167.78 | 139.79 | 143.14 | 140.79 | 132.66 | 123.4 | 118.29 | 105.36 | 106.77 | 110.45 | 95.03 | 82 | 77.44 | 67.08 | 62.73 | 59.33 | Upgrade
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Operating Income | 639.91 | 602.7 | 530.06 | 484.58 | 468.92 | 417.35 | 362.85 | 277.99 | 265.79 | 233.29 | 219.37 | 206.29 | 194.64 | 188.4 | 166.99 | 149.66 | 175.99 | 228.61 | 206.84 | 194.34 | 193.64 | 180.77 | -239.8 | 138.74 | 139.39 | 140.83 | 116.63 | 73.42 | 77.5 | 63.02 | 53.16 | 49.74 | 49.4 | 31.3 | 32.86 | 35.76 | 39 | 33.87 | 30.66 | 21.98 | Upgrade
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Interest Expense / Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.69 | -2.04 | 0.7 | 0.62 | 0.72 | 0.92 | 0.74 | 0.73 | 0.75 | 0.75 | 0.75 | 0.83 | 0.82 | 0.77 | 0.76 | 2.2 | 2.54 | Upgrade
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Other Expense / Income | -54.48 | -41.82 | -56.34 | -12.15 | -16.93 | -6.82 | 0.53 | -31.48 | -1.5 | -1.35 | -1.72 | -1.58 | -5.54 | -13.22 | -8.26 | -12.16 | -11.07 | -19.07 | -13.71 | -12.22 | -4.75 | -8.53 | 2.09 | -4.75 | -0.13 | -1.95 | -0.89 | -0.76 | -0.27 | -0.34 | -0.13 | -0.01 | 0.78 | 0.38 | -0.03 | 0.93 | 2.86 | 1.51 | 4.17 | 5.96 | Upgrade
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Pretax Income | 694.39 | 644.51 | 586.4 | 496.72 | 485.85 | 424.16 | 362.32 | 309.47 | 267.29 | 234.64 | 221.08 | 207.87 | 200.18 | 201.62 | 175.25 | 161.82 | 187.06 | 247.68 | 220.55 | 206.56 | 198.39 | 189.3 | -241.89 | 142.81 | 141.56 | 142.09 | 116.9 | 73.46 | 76.84 | 62.63 | 52.56 | 49 | 47.87 | 30.17 | 32.06 | 34.01 | 35.38 | 31.61 | 24.29 | 13.48 | Upgrade
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Income Tax | 80.76 | 99.18 | 94.52 | 60.25 | 58.76 | 70.17 | 63.22 | 37.21 | 27.99 | 10.34 | 24.2 | 27.5 | 17.22 | 33.24 | 30.45 | 23.39 | -73.52 | 38.88 | 31.4 | 5.65 | 28.17 | 20.87 | -86.7 | -1.64 | 37.8 | 8.55 | 14.45 | -9.23 | 18.35 | 11.67 | 13.94 | 14.08 | 4.62 | 1.87 | 8.45 | 9.97 | 7.05 | 10.42 | 10.07 | 7.12 | Upgrade
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Net Income | 613.64 | 545.33 | 491.89 | 436.47 | 427.09 | 354 | 299.1 | 272.26 | 239.3 | 224.31 | 196.89 | 180.37 | 182.96 | 168.38 | 144.79 | 138.43 | 260.58 | 208.8 | 189.15 | 200.91 | 170.22 | 168.44 | -155.19 | 144.45 | 103.76 | 133.54 | 102.45 | 82.69 | 58.49 | 50.96 | 38.62 | 34.92 | 43.25 | 28.3 | 23.61 | 24.03 | 28.33 | 21.19 | 14.21 | 6.36 | Upgrade
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Net Income Growth | 43.68% | 54.05% | 64.46% | 60.32% | 78.48% | 57.82% | 51.91% | 50.95% | 30.79% | 33.22% | 35.98% | 30.29% | -29.79% | -19.36% | -23.45% | -31.10% | 53.09% | 23.96% | - | 39.09% | 64.06% | 26.13% | - | 74.68% | 77.39% | 162.04% | 165.31% | 136.80% | 35.23% | 80.07% | 63.58% | 45.31% | 52.65% | 33.59% | 66.11% | 277.74% | 310.44% | 262.88% | 187.23% | 103.45% | Upgrade
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Shares Outstanding (Basic) | 312 | 310 | 309 | 307 | 306 | 305 | 307 | 308 | 308 | 307 | 306 | 305 | 303 | 304 | 303 | 305 | 305 | 306 | 306 | 304 | 302 | 300 | 298 | 296 | 293 | 290 | 288 | 284 | 280 | 276 | 273 | 271 | 268 | 267 | 262 | 259 | 194 | 250 | 154 | 116 | Upgrade
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Shares Outstanding (Diluted) | 319 | 318 | 316 | 316 | 316 | 314 | 317 | 320 | 320 | 320 | 319 | 318 | 317 | 317 | 317 | 320 | 321 | 323 | 325 | 325 | 323 | 324 | 298 | 323 | 321 | 317 | 315 | 310 | 298 | 294 | 291 | 289 | 288 | 288 | 285 | 283 | 218 | 279 | 176 | 135 | Upgrade
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Shares Change | 1.03% | 1.03% | -0.03% | -1.27% | -1.38% | -1.64% | -0.71% | 0.36% | 0.89% | 0.75% | 0.52% | -0.40% | -1.12% | -1.78% | -2.50% | -1.55% | -0.79% | -0.33% | 9.17% | 0.59% | 0.65% | 2.14% | -5.40% | 4.13% | 7.88% | 7.99% | 8.16% | 7.34% | 3.48% | 2.18% | 2.25% | 2.11% | 31.80% | 3.08% | 61.64% | 109.14% | 68.07% | 129.31% | 50.61% | 20.58% | Upgrade
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EPS (Basic) | 1.97 | 1.76 | 1.59 | 1.42 | 1.39 | 1.16 | 0.98 | 0.88 | 0.78 | 0.73 | 0.64 | 0.59 | 0.60 | 0.56 | 0.48 | 0.46 | 0.86 | 0.68 | 0.62 | 0.66 | 0.57 | 0.56 | -0.52 | 0.49 | 0.35 | 0.46 | 0.35 | 0.29 | 0.21 | 0.18 | 0.14 | 0.13 | 0.16 | 0.10 | 0.09 | 0.09 | 0.12 | 0.09 | 0.09 | 0.06 | Upgrade
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EPS (Diluted) | 1.92 | 1.72 | 1.55 | 1.38 | 1.35 | 1.13 | 0.94 | 0.85 | 0.74 | 0.70 | 0.62 | 0.57 | 0.58 | 0.53 | 0.46 | 0.43 | 0.81 | 0.65 | 0.58 | 0.62 | 0.53 | 0.52 | -0.52 | 0.45 | 0.32 | 0.42 | 0.33 | 0.27 | 0.20 | 0.17 | 0.13 | 0.12 | 0.15 | 0.10 | 0.08 | 0.09 | 0.11 | 0.07 | 0.09 | 0.05 | Upgrade
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EPS Growth | 42.22% | 52.21% | 64.89% | 62.35% | 82.43% | 61.43% | 51.61% | 49.12% | 27.59% | 32.08% | 35.37% | 31.94% | -28.83% | -18.08% | -21.44% | -30.10% | 54.65% | 24.42% | - | 37.95% | 63.16% | 23.81% | - | 67.16% | 63.13% | 144.19% | 144.36% | 123.33% | 32.00% | 75.51% | 60.24% | 41.18% | 36.36% | 30.67% | -2.35% | 70.00% | 92.98% | 50.00% | 88.89% | 66.67% | Upgrade
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Free Cash Flow | 520.45 | 687.77 | 422.51 | 368.85 | 30.01 | 123.67 | 92.23 | 202.26 | 215.96 | 226.69 | 258.9 | 249.58 | 179.24 | 212.6 | 136.15 | 191.74 | 324.73 | 264.72 | 192.98 | 164.86 | 289.6 | -123.37 | 123.85 | 189.21 | 180.54 | 203.24 | 74.34 | 158.22 | 60.63 | -37.01 | 60.76 | 68.5 | 147.75 | 5.44 | 48.97 | 15.63 | 30.83 | 32.55 | 40.78 | 14.59 | Upgrade
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Free Cash Flow Per Share | 1.67 | 2.22 | 1.37 | 1.20 | 0.10 | 0.41 | 0.30 | 0.66 | 0.70 | 0.74 | 0.85 | 0.82 | 0.59 | 0.70 | 0.45 | 0.63 | 1.06 | 0.87 | 0.63 | 0.54 | 0.96 | -0.41 | 0.42 | 0.64 | 0.62 | 0.70 | 0.26 | 0.56 | 0.22 | -0.13 | 0.22 | 0.25 | 0.55 | 0.02 | 0.19 | 0.06 | 0.16 | 0.13 | 0.27 | 0.13 | Upgrade
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Gross Margin | 64.87% | 62.43% | 60.60% | 59.53% | 60.26% | 60.33% | 61.15% | 63.15% | 63.40% | 63.93% | 64.21% | 63.71% | 63.93% | 63.58% | 63.65% | 64.67% | 64.48% | 63.76% | 64.14% | 63.92% | 62.95% | 64.19% | 64.23% | 64.11% | 65.65% | 64.12% | 64.11% | 63.85% | 64.08% | 64.22% | 63.80% | 64.03% | 63.63% | 65.16% | 65.40% | 65.77% | 67.12% | 64.94% | 67.69% | 69.38% | Upgrade
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Operating Margin | 41.54% | 39.93% | 36.33% | 35.86% | 36.76% | 35.46% | 34.50% | 31.70% | 32.24% | 31.16% | 31.01% | 30.90% | 30.01% | 31.12% | 30.89% | 28.61% | 31.85% | 34.93% | 34.00% | 32.64% | 32.51% | 32.09% | -46.13% | 29.36% | 29.79% | 32.18% | 28.78% | 21.88% | 23.63% | 21.71% | 19.78% | 20.54% | 20.13% | 14.39% | 16.80% | 19.97% | 22.48% | 21.79% | 22.22% | 18.75% | Upgrade
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Profit Margin | 39.84% | 36.13% | 33.72% | 32.30% | 33.48% | 30.08% | 28.43% | 31.04% | 29.02% | 29.96% | 27.84% | 27.02% | 28.21% | 27.81% | 26.79% | 26.47% | 47.16% | 31.91% | 31.09% | 33.74% | 28.57% | 29.90% | -29.85% | 30.57% | 22.18% | 30.51% | 25.28% | 24.65% | 17.83% | 17.56% | 14.37% | 14.42% | 17.62% | 13.01% | 12.07% | 13.42% | 16.33% | 13.63% | 10.30% | 5.43% | Upgrade
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Free Cash Flow Margin | 33.79% | 45.56% | 28.96% | 27.30% | 2.35% | 10.51% | 8.77% | 23.06% | 26.19% | 30.28% | 36.60% | 37.39% | 27.64% | 35.12% | 25.19% | 36.66% | 58.77% | 40.45% | 31.72% | 27.69% | 48.61% | -21.90% | 23.82% | 40.04% | 38.59% | 46.44% | 18.35% | 47.16% | 18.49% | -12.75% | 22.61% | 28.28% | 60.20% | 2.50% | 25.04% | 8.73% | 17.77% | 20.94% | 29.56% | 12.44% | Upgrade
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Effective Tax Rate | 11.63% | 15.39% | 16.12% | 12.13% | 12.09% | 16.54% | 17.45% | 12.02% | 10.47% | 4.40% | 10.94% | 13.23% | 8.60% | 16.49% | 17.38% | 14.45% | -39.30% | 15.70% | 14.24% | 2.73% | 14.20% | 11.02% | - | -1.15% | 26.70% | 6.01% | 12.36% | -12.57% | 23.88% | 18.63% | 26.52% | 28.73% | 9.65% | 6.19% | 26.35% | 29.33% | 19.92% | 32.97% | 41.48% | 52.80% | Upgrade
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EBITDA | 713.41 | 665.98 | 609.24 | 522.26 | 508.19 | 446 | 381.87 | 327.09 | 284.13 | 251.6 | 237.83 | 224.77 | 207.73 | 216.81 | 190.36 | 176.1 | 199.14 | 259.92 | 233.21 | 218.61 | 207.62 | 196.42 | -236.26 | 149.19 | 144.81 | 148.11 | 122.62 | 79.12 | 82.7 | 68.51 | 58.17 | 54.53 | 52.56 | 34.4 | 36.24 | 37.72 | 38.8 | 35.02 | 28.92 | 18.31 | Upgrade
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EBITDA Margin | 46.31% | 44.12% | 41.76% | 38.65% | 39.84% | 37.90% | 36.30% | 37.29% | 34.46% | 33.60% | 33.62% | 33.67% | 32.03% | 35.81% | 35.21% | 33.67% | 36.04% | 39.72% | 38.34% | 36.71% | 34.85% | 34.87% | -45.45% | 31.58% | 30.95% | 33.84% | 30.26% | 23.58% | 25.22% | 23.60% | 21.65% | 22.51% | 21.41% | 15.81% | 18.53% | 21.07% | 22.37% | 22.53% | 20.96% | 15.62% | Upgrade
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Depreciation & Amortization | 19.02 | 21.47 | 22.84 | 25.54 | 22.34 | 21.83 | 19.55 | 17.62 | 16.84 | 16.96 | 16.74 | 16.9 | 7.55 | 15.19 | 15.11 | 14.28 | 12.07 | 12.24 | 12.66 | 12.05 | 9.23 | 7.11 | 5.63 | 5.7 | 5.29 | 5.32 | 5.09 | 4.94 | 4.94 | 5.15 | 4.88 | 4.78 | 3.95 | 3.48 | 3.35 | 2.89 | 2.66 | 2.65 | 2.43 | 2.29 | Upgrade
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EBIT | 694.39 | 644.51 | 586.4 | 496.72 | 485.85 | 424.16 | 362.32 | 309.47 | 267.29 | 234.64 | 221.08 | 207.87 | 200.18 | 201.62 | 175.25 | 161.82 | 187.06 | 247.68 | 220.55 | 206.56 | 198.39 | 189.3 | -241.89 | 143.49 | 139.52 | 142.79 | 117.52 | 74.18 | 77.76 | 63.37 | 53.29 | 49.75 | 48.62 | 30.92 | 32.89 | 34.83 | 36.15 | 32.37 | 26.49 | 16.02 | Upgrade
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EBIT Margin | 45.08% | 42.70% | 40.19% | 36.76% | 38.09% | 36.04% | 34.44% | 35.28% | 32.42% | 31.34% | 31.26% | 31.14% | 30.87% | 33.30% | 32.42% | 30.94% | 33.85% | 37.85% | 36.26% | 34.69% | 33.30% | 33.61% | -46.53% | 30.37% | 29.82% | 32.63% | 29.00% | 22.11% | 23.71% | 21.83% | 19.83% | 20.54% | 19.81% | 14.21% | 16.82% | 19.45% | 20.84% | 20.82% | 19.20% | 13.67% | Upgrade
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