Technology · Computer Peripherals
Arista Networks Inc
NYSEANET
ISINUS0404132054 SEC CIK0001596532 Listed on NYSE · USD
$200.80 +4.12 (+2.09%) Pre-market $193.07 (-1.84%) ≈ ₹18,845 a share
Price, last 12 months+46.07% in a year
Key numbers
- Market value
- $253.69B
- P/E (TTM)
- 53.9
- Forward P/E
- 39.2
- EPS (TTM)
- $3.72
- Dividend yield
- —
- Beta
- 1.63
- Day range
- $190.82 – $201.17
- 52-week range
- $114.52 – $217.41
- Volume
- 1,844,849
- 10-day avg volume
- $10.71M
- Revenue (TTM)
- $11.89B
- EBITDA (TTM)
- $5.30B
- Gross margin
- 62.9%
- Net margin
- 40.0%
- Return on equity
- 33.5%
- Debt / equity
- —
- Price / sales
- 21.34
- Shares out
- 1.26B
52W low52W high
Quarterly results
Results for each quarter
Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.
Revenue and net income
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
Revenue · QoQ (vs last quarter)
—+2.0%+7.6%+7.1%+6.6%+3.9%+10.0%+4.7%+7.8%+8.9%+12%+20%
Revenue · YoY (vs a year ago)
————+25%+28%+30%+27%+29%+35%+38%+58%
Net income · QoQ (vs last quarter)
—+3.9%+4.3%+12%+7.1%+1.6%+9.2%-4.0%+12%+7.0%+19%+29%
Net income · YoY (vs a year ago)
————+31%+28%+34%+14%+19%+26%+36%+83%
RevenueOperating incomeNet incomeLine = trend
| US$ | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.54B | $1.57B | $1.69B | $1.81B | $1.93B | $2.00B | $2.20B | $2.31B | $2.49B | $2.71B | $3.04B | $3.66B |
| Cost of revenue | $541.22M | $570.00M | $593.20M | $649.20M | $699.40M | $728.70M | $766.20M | $818.10M | $924.00M | $1.03B | $1.13B | $1.33B |
| Gross profit | $999.25M | $1.00B | $1.10B | $1.16B | $1.23B | $1.28B | $1.44B | $1.49B | $1.56B | $1.68B | $1.91B | $2.33B |
| Gross margin | 64.9% | 63.7% | 64.9% | 64.2% | 63.8% | 63.7% | 65.2% | 64.6% | 62.9% | 61.9% | 62.9% | 63.6% |
| Research & development | $211.46M | $208.40M | $267.50M | $235.80M | $285.00M | $266.40M | $296.50M | $326.00M | $348.40M | $343.70M | $348.20M | $486.90M |
| Operating income | $639.97M | $660.20M | $699.60M | $785.30M | $799.50M | $858.80M | $986.20M | $978.20M | $1.03B | $1.16B | $1.38B | $1.64B |
| Operating margin | 41.5% | 42.0% | 41.4% | 43.4% | 41.4% | 42.8% | 44.7% | 42.4% | 41.5% | 42.7% | 45.4% | 44.9% |
| Pre-tax income | $694.37M | $722.80M | $770.40M | $882.90M | $889.00M | $955.00M | $1.08B | $1.08B | $1.14B | $1.27B | $1.50B | $1.92B |
| Income tax | $80.75M | $85.10M | $105.00M | $134.90M | $88.00M | $141.20M | $191.40M | $224.10M | $181.60M | $248.50M | $291.40M | $355.10M |
| Net income | $613.62M | $637.70M | $665.40M | $748.00M | $801.00M | $813.80M | $888.80M | $853.00M | $955.80M | $1.02B | $1.21B | $1.56B |
| Net margin | 39.8% | 40.6% | 39.4% | 41.3% | 41.5% | 40.6% | 40.3% | 37.0% | 38.4% | 37.8% | 40.0% | 42.7% |
| EPS (diluted) | — | $0.50 | $0.52 | $0.58 | — | $0.64 | $0.70 | $0.67 | — | $0.80 | $0.95 | $1.22 |
Income statement
Results for each year
8 fiscal years from the company's 10-K filings with the US SEC.
Revenue, gross profit and net income
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
Revenue · YoY (vs a year ago)
—+12%-3.9%+27%+49%+34%+20%+29%
Net income · YoY (vs a year ago)
—+162%-26%+33%+61%+54%+37%+23%
RevenueGross profitNet incomeLine = trend
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
EPS (diluted) · YoY (vs a year ago)
—-34%-25%+31%-59%+54%+35%+23%
EPS (diluted)Line = trend
| US$ | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.15B | $2.41B | $2.32B | $2.95B | $4.38B | $5.86B | $7.00B | $9.01B |
| Revenue growth | — | 12.1% | -3.9% | 27.2% | 48.6% | 33.8% | 19.5% | 28.6% |
| Cost of revenue | $777.99M | $866.37M | $835.63M | $1.07B | $1.71B | $2.23B | $2.51B | $3.24B |
| Gross profit | $1.37B | $1.54B | $1.48B | $1.88B | $2.68B | $3.63B | $4.49B | $5.77B |
| Gross margin | 63.8% | 64.1% | 63.9% | 63.8% | 61.1% | 61.9% | 64.1% | 64.1% |
| Research & development | $442.47M | $462.76M | $486.59M | $586.75M | $728.39M | $854.90M | $996.70M | $1.24B |
| Operating income | $273.35M | $805.77M | $699.68M | $924.74M | $1.53B | $2.26B | $2.94B | $3.86B |
| Operating margin | 12.7% | 33.4% | 30.2% | 31.4% | 34.9% | 38.5% | 42.0% | 42.8% |
| Depreciation & amortisation | $27.67M | $32.85M | $35.16M | $50.33M | $62.70M | $70.60M | $62.00M | $72.60M |
| Interest expense | $2.70M | — | — | — | — | — | — | — |
| Pre-tax income | $288.80M | $862.27M | $738.86M | $930.88M | $1.58B | $2.42B | $3.27B | $4.25B |
| Income tax | $-39.31M | $2.40M | $104.31M | $90.03M | $229.35M | $334.70M | $413.00M | $738.30M |
| Tax rate | -13.6% | 0.3% | 14.1% | 9.7% | 14.5% | 13.8% | 12.6% | 17.4% |
| Net income | $328.12M | $859.87M | $634.56M | $840.85M | $1.35B | $2.09B | $2.85B | $3.51B |
| Net margin | 15.3% | 35.7% | 27.4% | 28.5% | 30.9% | 35.6% | 40.7% | 39.0% |
| EPS (diluted) | $4.06 | $2.66 | $2.00 | $2.63 | $1.07 | $1.65 | $2.23 | $2.75 |
Balance sheet
Assets and debt
At each fiscal year end.
Equity, debt and cash
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
Shareholders' equity · YoY (vs a year ago)
—+35%+15%+20%+23%+48%+38%+24%
Shareholders' equityTotal debtCash + short-term investmentsLine = trend
| US$ | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $649.95M | $1.11B | $893.22M | $620.81M | $671.71M | $1.94B | $2.76B | $1.96B |
| Short-term investments | $1.31B | $1.61B | $1.98B | $2.79B | $2.35B | $3.07B | $5.54B | $8.78B |
| Current assets | $2.71B | $3.47B | $3.84B | $4.81B | $5.55B | $8.40B | $11.91B | $16.39B |
| Total assets | $3.08B | $4.19B | $4.74B | $5.73B | $6.78B | $9.96B | $14.04B | $19.45B |
| Current liabilities | $606.50M | $597.07M | $768.24M | $1.11B | $1.29B | $1.92B | $2.73B | $5.38B |
| Total liabilities | $938.59M | $1.29B | $1.42B | $1.76B | $1.89B | $2.74B | $4.05B | $7.08B |
| Shareholders' equity | $2.14B | $2.89B | $3.32B | $3.98B | $4.89B | $7.22B | $9.99B | $12.37B |
| Current ratio | 4.48 | 5.81 | 4.99 | 4.34 | 4.29 | 4.38 | 4.36 | 3.05 |
| Return on equity | 15.3% | 29.7% | 19.1% | 21.1% | 27.7% | 28.9% | 28.5% | 28.4% |
Cash flow
Cash coming in and going out
Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.
Free cash flow and shareholder returns
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
Operating cash flow · YoY (vs a year ago)
—+91%-24%+38%-51%+313%+82%+18%
Free cash flow · YoY (vs a year ago)
—+98%-24%+32%-53%+346%+84%+16%
Operating cash flowFree cash flowDividends + buybacksLine = trend
| US$ | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $503.12M | $963.03M | $735.11M | $1.02B | $492.81M | $2.03B | $3.71B | $4.37B |
| Capital spending | $-23.83M | $-15.75M | $-15.38M | $-64.74M | $-44.64M | $-34.40M | $-32.00M | $-119.50M |
| Free cash flow | $479.29M | $947.28M | $719.73M | $951.12M | $448.17M | $2.00B | $3.68B | $4.25B |
| FCF margin | 22.3% | 39.3% | 31.1% | 32.3% | 10.2% | 34.1% | 52.5% | 47.2% |
| Stock-based pay | $91.20M | $101.28M | $137.04M | $186.88M | $230.93M | $296.80M | $355.40M | $439.20M |
| Cash from investing | $-755.11M | $-284.07M | $-608.80M | $-925.56M | $216.33M | $-687.50M | $-2.46B | $-3.58B |
| Cash from financing | $42.85M | $-217.96M | $-346.34M | $-360.88M | $-654.60M | $-83.80M | $-421.80M | $-1.60B |
| Share buybacks | $0 | $-266.14M | $-395.17M | $-411.65M | $-670.29M | $-112.30M | $-423.60M | $-1.60B |
About
About Arista Networks Inc
Arista Networks, Inc. is an American provider of client to cloud networking services for large data center/AI, campus and routing environments.
From Wikipedia (CC BY-SA 4.0).
Company details
- Company name
- Arista Networks Inc
- Ticker
- ANET
- Exchange
- NYSE
- ISIN
- US0404132054
- SEC CIK
- 0001596532
- Sector
- Technology
- Industry
- Computer Peripherals
- SEC industry (SIC)
- Computer Communications Equipment (3576)
- Incorporated in
- Delaware
- Financial year ends
- 31 December
- Filer type
- Large accelerated filer
- Latest annual report (10-K)
- 17 Feb 2026
- CEO
- Jayshree Ullal
- Chair
- Jayshree Ullal
- Headquarters
- Santa Clara, California, United States
- Address
- 5453 Great America Parkway, Santa Clara, Ca 95054
- Founded
- 2004
- Employees
- 5,115
- Trades in
- US dollars (USD)
- Website
- arista.com
News
Latest news
From Google News; each link opens the publisher's story.
The Open Question Under Arista Networks Stock’s PriceTrefis · 12 Nov, 8:55 pmArista’s Co-Founder Has Sold About $668 Million of Stock Since MayYahoo Finance · 12 Nov, 1:07 amArista Networks Inc Stock (ANET) Moved Up by 5.31% on Nov 11: Facts Behind the MovementTradingKey · 11 Nov, 8:45 pmArista Networks, Inc. 2026 Q3 - Results - Earnings Call Presentation (NYSE:ANET) 2026-11-11Seeking Alpha · 12 Nov, 4:32 amArista Networks(ANET.US) 10% Shareholder Sells US$43.93 Million in Common StockMoomoo · 11 Nov, 6:01 amArista’s Co-Founder Has Sold About $668 Million of Stock Since May24/7 Wall St. · 12 Nov, 1:07 amArista Networks Posts Fastest Growth Since IPO as Big Tech Moves Beyond Nvidia. Wall Street Still Sees 47% Upside in ANET Stock.Barchart.com · 7 Nov, 1:13 amArista Networks (NYSE:ANET) Share Price Breaks Above 50-Day Moving Average - Time to Sell?MarketBeat · 12 Nov, 3:13 pm
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Quotes from CNBC (may be delayed), financials from SEC EDGAR, profile from global-stock-logos (MIT). Information only, not investment advice.