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ANETArista Networks, Inc.
$166.46$209.6B
Overview & Verdict
OverviewShould I Buy?
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
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Income StatementBalance SheetCash FlowRatios & Margins
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ANET logoArista Networks, Inc.(ANET)Earnings, Financials & Key Ratios

ANET•NYSE
$166.46
60.5× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustryComputer HardwareSub-IndustryNetworking and Connectivity Hardware
AboutArista Networks, Inc. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms. It also provides post contract customer support services, such as technical support, hardware repair and parts replacement beyond standard warranty, bug fix, patch, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California.Show more
  • Revenue$9.01B+28.6%
  • EBITDA$3.93B+30.7%
  • Net Income$3.51B+23.1%
  • EPS (Diluted)2.75+23.3%
  • Gross Margin64.06%-0.1%
  • EBITDA Margin43.62%+1.6%
  • Operating Margin42.82%+1.8%
  • Net Margin38.99%-4.3%
  • ROE31.4%-5.2%

ANET Price & Volume

Arista Networks, Inc. (ANET) stock price & volume — 10-year historical chart

Loading chart...

Accelerating Cloud Infrastructure Demand Drives Revenue Growth

Investment Thesis • Updated 2026Q1

VerdictPositive
Growth:Accelerating
Profitability:Strong
Financial:Fortress
Cash Flow:Robust
Primary Risk:Hyper-scaler customer concentration

Key Thesis Takeaways

  • Arista Networks is capitalizing on the massive surge in AI-driven data center infrastructure spending, evidenced by revenue growth accelerating to 35.1% in 2026Q1.
  • While the company maintains a fortress balance sheet with zero debt and $2.8 billion in cash, investors should monitor the hyper-scaler customer concentration risk and the impact of rising stock-based compensation, which reached $120.9 million in the most recent quarter.
  • Sustained demand is further supported by a significant increase in deferred revenue to $4.9 billion, suggesting long-term visibility despite potential volatility in procurement cycles.

Verdict Logic

the company demonstrates strong fundamental momentum with a 35.1% revenue growth rate and a debt-free balance sheet, though the 57.31 P/E TTM multiple warrants caution regarding valuation premiums.

ANET Growth Metrics

Arista Networks, Inc. (ANET) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years26.81%
5 Years31.19%
3 Years27.15%
TTM30.57%

Profit CAGR

10 Years40.03%
5 Years40.8%
3 Years37.44%
TTM22.86%

EPS CAGR

10 Years39.29%
5 Years40.63%
3 Years36.98%
TTM23.73%

Return on Capital

10 Years25.5%
5 Years29.19%
3 Years31.4%
Last Year30.38%

ANET Recent Earnings

Arista Networks, Inc. (ANET) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 5, 2026
Metric
Actual
Est
EPS
$0.87+7.7%
$0.81
Rev
$2.7B+3.4%
$2.6B
Q1 2026
Feb 12, 2026
Metric
Actual
Est
EPS
$0.82+8.2%
$0.76
Rev
$2.5B+4.3%
$2.4B
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$0.75+4.5%
$0.72
Rev
$2.3B+1.9%
$2.3B
Q3 2025
Aug 5, 2025
Metric
Actual
Est
EPS
$0.73+12.5%
$0.65
Rev
$2.2B+4.6%
$2.1B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$0.87vs $0.81+7.7%
$2.7Bvs $2.6B+3.4%
Q1 2026Feb 12, 2026
$0.82vs $0.76+8.2%
$2.5Bvs $2.4B+4.3%
Q4 2025Nov 4, 2025
$0.75vs $0.72+4.5%
$2.3Bvs $2.3B+1.9%
Q3 2025Aug 5, 2025
$0.73vs $0.65+12.5%
$2.2Bvs $2.1B+4.6%
Based on last 12 quarters of dataView full earnings history →

Latest ANET News

Recent stock market news and headlines for Arista Networks, Inc. (ANET)

Business Wire·16h ago
Arista Networks to Announce Q2 2026 Financial Results on Tuesday, August 4, 2026

SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks, Inc. (NYSE: ANET) will release its financial results for the quarter ended June 30th, 2026, after U.S. markets close on Tuesday, August 4th, 2026. The results will be included in a press release, along with accompanying financial information, and will be posted on the Investor Relations section of the Arista website at https://investors.arista.com. Arista's executive management team will host a conference call on August 4th, beginning at 1:.

Fool - Investing News·2 days ago
The AI Supercycle Needs More Than Just Chips. This Growth Stock Builds the Network That Connects Them.

Arista Networks is the non-chip AI play you're looking for.

Zacks Investment Research·4 days ago
ANET Rises 56% in a Year: Should Investors Buy, Sell or Hold?

Arista Networks, Inc. ANET has gained 56% in a year compared with the Internet software industry's growth of 10.8%. The stock has outperformed the Zacks Computer & Technology sector and the S&P 500 during the same time frame.

Investors Business Daily·5 days ago
Arista Stock: Managing Supply Challenges As Shares Near Buy Point

Cloud networking products manufacturer Arista has its stock trading close to a 177.48 entry from a cup-with-handle base.

Zacks Investment Research·6 days ago
Stocks Surged in Q2 2026, but Is the Market Getting Too Expensive?

While the market's momentum has been undeniable, valuation metrics are flashing caution signs that investors shouldn't ignore following one of the strongest periods for U.S. equities in recent memory.

Peers Comparison

Key metrics vs top competitors for Arista Networks, Inc. (ANET)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ANET logoANETArista Networks, Inc.Current
$166.46$209.6B60.5328.6%38.99%31.4%—
CSCO logoCSCOCisco Systems, Inc.
$111.79$440.61B43.845.3%19.69%25.14%—
EXTR logoEXTRExtreme Networks, Inc.
$30.02$4.03B-532.272.05%1.3%21.07%—
CIEN logoCIENCiena Corporation
$418.91$59.3B492.8418.79%7.87%15.65%—
NTGR logoNTGRNETGEAR, Inc.
$21.45$586.52M-18.822.91%-5.77%-7.97%—
HPE logoHPEHewlett Packard Enterprise Company
$43.45$57.53B-974.1014.06%3.9%6.11%—

Compare ANET vs Peers

Arista Networks, Inc. (ANET) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CSCO

Most directly comparable listed peer for ANET.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare ANET against a more recognizable public peer.

Peer Set

Compare Top 5

vs CSCO, EXTR, CIEN, NTGR

ANET SEC Filings & Documents

Arista Networks, Inc. (ANET) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 5, 2026·SEC

Material company update

Feb 12, 2026·SEC

Material company update

Nov 4, 2025·SEC

10-K Annual Reports

2
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 19, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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ANET Frequently Asked Questions

Arista Networks, Inc. (ANET) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Arista Networks, Inc.'s revenue?

Arista Networks, Inc. (ANET) reported $9.71B in revenue for fiscal year 2025. This represents a 4920% increase from $193.4M in 2012.

How fast is Arista Networks, Inc. growing?

Arista Networks, Inc. (ANET) grew revenue by 28.6% over the past year. This is strong growth.

Is ANET profitable?

Yes, Arista Networks, Inc. (ANET) is profitable, generating $3.72B in net income for fiscal year 2025 (39.0% net margin).

Dividend & Returns
What is ANET's return on equity?

Arista Networks, Inc. (ANET) has a return on equity (ROE) of 31.4%. This is excellent, indicating efficient use of shareholder capital.

What is Arista Networks, Inc.'s free cash flow?

Arista Networks, Inc. (ANET) generated $5.28B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in ANET back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →