Arista Networks, Inc. (ANET)

ANET Financials

ANET Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	6.169B	1.677B	1.564B	1.490B	1.439B	1.276B	1.231B	1.162B	1.097B
Revenue	9.710B	2.709B	2.488B	2.308B	2.205B	2.005B	1.930B	1.811B	1.690B
Cost of Goods Sold	3.541B	1.032B	924.000M	818.100M	766.200M	728.700M	699.442M	649.200M	593.200M
Gross Profit Margin	61.9%	61.9%	62.9%	64.6%	65.2%	63.7%	63.8%	64.2%	64.9%
Total Operating Expenses	2.014B	519.000M	530.900M	512.000M	452.400M	417.300M	431.342M	376.400M	397.600M
Research & Development	1.315B	343.700M	348.400M	326.000M	296.500M	266.400M	285.016M	235.800M	267.500M
Selling, General & Administrative	699.700M	175.300M	182.500M	186.000M	155.900M	150.900M	146.326M	140.600M	130.100M
Operating Income (EBIT)	4.155B	1.158B	1.033B	978.200M	986.200M	858.800M	799.652M	785.300M	699.600M
Operating Margin	42.7%	42.7%	41.5%	42.4%	44.7%	42.8%	41.4%	43.4%	41.4%
Income Before Tax (EBT)	4.566B	1.271B	1.137B	1.077B	1.080B	955.000M	888.927M	882.900M	770.400M
Interest Income	402.400M	109.200M	103.000M	99.800M	90.400M	90.200M	90.353M	85.400M	71.400M
Interest Expense	—	—	—	—	—	—	—	—	—
Other Income/Expense	411.000M	113.600M	104.500M	98.900M	94.000M	96.200M	89.275M	97.600M	70.800M
Net Income	3.720B	1.023B	955.800M	853.000M	888.800M	813.800M	800.996M	748.000M	665.400M
Income Tax Expense	845.600M	248.500M	181.600M	224.100M	191.400M	141.200M	87.931M	134.900M	105.000M
Net Profit Margin	37.8%	37.8%	38.4%	37.0%	40.3%	40.6%	41.5%	41.3%	39.4%
EBITDA	4.625B	1.271B	1.160B	1.100B	1.093B	968.800M	904.315M	898.500M	785.900M
EBITDA Margin	46.9%	46.9%	46.6%	47.7%	49.6%	48.3%	46.8%	49.6%	46.5%
Depreciation & Amortization	58.800M	0.00	22.800M	23.200M	12.800M	13.800M	15.388M	15.600M	15.500M
EPS Basic	2.96	0.81	0.76	0.68	0.71	0.65	0.64	0.60	0.53
EPS Diluted	2.92	0.80	0.75	0.67	0.70	0.64	0.62	0.58	0.52
Shares Outstanding	1.258B	1.258B	1.258B	1.258B	1.256B	1.260B	1.260B	1.258B	1.255B
Diluted Shares Outstanding	1.274B	1.274B	1.276B	1.277B	1.271B	1.279B	1.283B	1.282B	1.280B

ANET Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	5.769B	4.491B	3.630B	2.676B	1.881B	1.482B	1.544B	1.373B
Revenue	9.006B	7.003B	5.860B	4.381B	2.948B	2.318B	2.411B	2.151B
Cost of Goods Sold	3.237B	2.512B	2.230B	1.706B	1.067B	835.626M	866.368M	777.992M
Gross Profit Margin	64.1%	64.1%	61.9%	61.1%	63.8%	63.9%	64.1%	63.8%
Total Operating Expenses	1.913B	1.547B	1.373B	1.149B	956.040M	782.202M	738.564M	1.100B
Research & Development	1.237B	996.700M	854.918M	728.394M	586.752M	486.594M	462.759M	442.468M
Selling, General & Administrative	675.300M	550.000M	518.114M	420.196M	369.288M	295.608M	275.805M	252.562M
Operating Income (EBIT)	3.856B	2.945B	2.257B	1.527B	924.739M	699.684M	805.774M	273.347M
Operating Margin	42.8%	42.0%	38.5%	34.9%	31.4%	30.2%	33.4%	12.7%
Income Before Tax (EBT)	4.250B	3.265B	2.422B	1.582B	930.879M	738.863M	862.270M	288.801M
Interest Income	383.400M	311.000M	152.421M	27.556M	7.215M	27.139M	51.144M	31.666M
Interest Expense	—	—	—	—	—	—	—	2.701M
Other Income/Expense	393.600M	320.500M	164.777M	54.690M	6.140M	39.179M	56.496M	15.454M
Net Income	3.511B	2.852B	2.087B	1.352B	840.854M	634.557M	859.867M	328.115M
Income Tax Expense	738.300M	413.000M	334.705M	229.350M	90.025M	104.306M	2.403M	-39.314M
Net Profit Margin	39.0%	40.7%	35.6%	30.9%	28.5%	27.4%	35.7%	15.3%
EBITDA	4.322B	3.327B	2.493B	1.644B	981.213M	734.842M	838.623M	319.173M
EBITDA Margin	48.0%	47.5%	42.5%	37.5%	33.3%	31.7%	34.8%	14.8%
Depreciation & Amortization	72.600M	62.000M	70.630M	62.700M	50.334M	35.158M	32.849M	27.671M
EPS Basic	2.79	2.27	1.69	1.10	0.69	0.52	0.70	0.27
EPS Diluted	2.75	2.23	1.65	1.07	0.66	0.50	0.66	0.25
Shares Outstanding	1.258B	1.256B	1.237B	1.226B	1.226B	1.216B	1.221B	1.196B
Diluted Shares Outstanding	1.276B	1.281B	1.269B	1.266B	1.277B	1.271B	1.294B	1.294B

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Arista Networks, Inc.

Arista Networks, Inc. is a leading global technology firm that designs, promotes, and distributes innovative cloud networking solutions across the Americas, Europe, the Middle East, Africa, and Asia-Pacific regions. Its comprehensive product portfolio features advanced extensible operating systems, a collection of powerful network applications, and high-performance gigabit Ethernet switching and routing hardware. The company also offers robust post-contract customer support, which includes technical assistance, hardware repairs, parts replacement beyond standard warranty, and critical bug fixes, patches, and upgrades. Arista serves a diverse clientele, encompassing major internet companies, telecommunication providers, financial services organizations, government agencies, and entities in the media and entertainment sectors. Its sales strategy involves multiple channels, utilizing distributors, system integrators, value-added resellers, original equipment manufacturer partners, and a dedicated direct sales force. Established in 2004 as Arastra, Inc., the company adopted the name Arista Networks, Inc. in October 2008 and is headquartered in Santa Clara, California.

Santa Clara, CA

4,412 employees

www.arista.com

Technology / Computer Hardware

Sector: Technology
Industry: Computer Hardware
CEO: Jayshree V. Ullal

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