Arista Networks

ANET · NYSE · USD

$207.35+1.40%+$2.86

Close · October 2, 2026

At a glance

Revenue growth
+28.60%
2025 vs 2024
Net income growth
+23.12%
2025 vs 2024
Net margin
39.0%
2024: 40.7%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total revenue3,0362,7092,4882,3082,2052,0051,9301,8111,6901,5711,5401,509
Cost of revenue1,1251,032924818766729699649593570541567
Gross profit1,9101,6771,5641,4901,4391,2761,2311,1621,0971,001999942
Selling, general and administrative184175183186156151146141130133148127
Research and development348344348326297266285236268208211212
Operating income1,3781,1581,033978986859800785700660640603
EBIT1,3781,1581,033978986859800785700660640603
EBITDA1,4011,1811,0561,001999873815801715676654620
Pre-tax income1,5041,2711,1371,0771,080955889883770723694645
Income tax29124918222419114188.013510585.180.899.2
Net income1,2131,023956853889814801748665638614545
Net income to common shareholders1,2131,023956853889814801748665638614545
Basic EPS0.960.810.760.680.710.650.640.590.530.510.490.44
Diluted EPS0.950.800.750.670.700.640.630.580.520.500.480.43
Average shares (basic)1,2601,2581,2581,2581,2561,2601,2601,2581,2551,2521,2461,241
Average shares (diluted)1,2761,2741,2761,2771,2711,2791,2831,2821,2801,2791,2751,271