Invesaro

Stocks Telecommunications ANET

NYSE · Telecommunications

Arista Networks, Inc. (ANET)

Arista Networks, Inc. brought in $10.5B of revenue over the twelve months to June 30, 2026, up 32.6% from a year earlier. Net income was $4B, a net margin of 38.4%. Operating cash flow minus capital spending left $4.3B of free cash flow in fiscal 2025. At June 30, 2026 it held $2.3B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 5, 2026.

Price
$206.55
+0.41% on the day · September 25, 2026
52-week range $114.52 to $214.89
Market cap
$260.5B
Revenue (last 12 months)
$10.5B
+32.6% year on year
Net margin
38.4%
P/E
75.1
on FY2025 diluted EPS

What Arista Networks, Inc. does

Arista Networks designs and sells multilayer network switches and network operating software. Its products are purchased by large data center operators, cloud service providers, and financial institutions to manage high-speed computer network traffic. Its shares trade on NYSE under the ticker ANET.

Revenue and profit by year

Revenue
FY18: $2.2B $2.2B FY18FY19: $2.4B $2.4B FY19FY20: $2.3B $2.3B FY20FY21: $2.9B $2.9B FY21FY22: $4.4B $4.4B FY22FY23: $5.9B $5.9B FY23FY24: $7B $7B FY24FY25: $9B $9B FY25
Net income
FY18: $328.1M $328.1M FY18FY19: $859.9M $859.9M FY19FY20: $634.6M $634.6M FY20FY21: $840.9M $840.9M FY21FY22: $1.4B $1.4B FY22FY23: $2.1B $2.1B FY23FY24: $2.9B $2.9B FY24FY25: $3.5B $3.5B FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$9B$3.9B$3.5B$2.75$4.3B
2024$7B$2.9B$2.9B$2.23$3.7B
2023$5.9B$2.3B$2.1B$1.65$2B
2022$4.4B$1.5B$1.4B$1.07$448.2M
2021$2.9B$924.7M$840.9M$0.66$951.1M
2020$2.3B$699.7M$634.6M$0.50$719.7M
Next report expected around November 3, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 4, 2025. Not a date the company has announced. See the report calendar

Where ANET ranks in Telecommunications

Revenue$9B
#9 of 51 in Telecommunications · Top 16%
Revenue growth+28.6%
#4 of 51 in Telecommunications · Top 6%
Net margin39.0%
#1 of 51 in Telecommunications · Top 1%
Free cash flow margin47.2%
#2 of 48 in Telecommunications · Top 2%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Telecommunications

Latest SEC filings

What Arista Networks, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 5, 2026
    Quarterly report 10-Q · period to June 30, 2026
  2. August 4, 2026
    Quarterly results 8-K
  3. June 2, 2026
    Shareholder vote results 8-K
  4. May 27, 2026
    Conflict minerals disclosure SD
  5. May 6, 2026
    Quarterly report 10-Q · period to March 31, 2026
  6. May 5, 2026
    Quarterly results 8-K
  7. April 29, 2026
    Passive stake (5% or more) SCHEDULE 13G
  8. April 16, 2026
    Annual report to shareholders ARS
  9. April 16, 2026
    Additional proxy material DEFA14A
  10. April 16, 2026
    Proxy statement DEF 14A

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 25, 2026. Insider transactions on SEC

What is ANET worth? A DCF from its reported cash flow

Insider trades

What the people running Arista Networks, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $857.8M worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.

Bought (open market)
$0
last 90 days
Sold
$857.8M
last 90 days
Net sold
4,427,694
$857.8M
DateInsiderWhatSharesPriceValueFiling
September 21, 2026 Duda KennethPresident and CTO, Director Exercised options 17,333 $14.15 $245.2K Form 4
September 21, 2026 Duda KennethPresident and CTO, Director Soldpre-planned (10b5-1) 1,480 $201.70 $298.5K Form 4
September 21, 2026 Duda KennethPresident and CTO, Director Soldpre-planned (10b5-1) 7,420 $202.66 $1.5M Form 4
September 21, 2026 Duda KennethPresident and CTO, Director Soldpre-planned (10b5-1) 2,700 $203.49 $549.4K Form 4
September 21, 2026 Duda KennethPresident and CTO, Director Soldpre-planned (10b5-1) 3,533 $204.78 $723.5K Form 4
September 21, 2026 Duda KennethPresident and CTO, Director Soldpre-planned (10b5-1) 2,200 $205.50 $452.1K Form 4
September 21, 2026 Duda KennethPresident and CTO, Director Soldpre-planned (10b5-1), indirect 1,366 $201.70 $275.5K Form 4
September 21, 2026 Duda KennethPresident and CTO, Director Soldpre-planned (10b5-1), indirect 6,849 $202.66 $1.4M Form 4
September 21, 2026 Duda KennethPresident and CTO, Director Soldpre-planned (10b5-1), indirect 2,492 $203.49 $507.1K Form 4
September 21, 2026 Duda KennethPresident and CTO, Director Soldpre-planned (10b5-1), indirect 3,262 $204.78 $668K Form 4
September 21, 2026 Duda KennethPresident and CTO, Director Soldpre-planned (10b5-1), indirect 2,031 $205.50 $417.4K Form 4
September 21, 2026 Duda KennethPresident and CTO, Director Soldpre-planned (10b5-1), indirect 854 $201.70 $172.3K Form 4
September 21, 2026 Duda KennethPresident and CTO, Director Soldpre-planned (10b5-1), indirect 4,281 $202.66 $867.6K Form 4
September 21, 2026 Duda KennethPresident and CTO, Director Soldpre-planned (10b5-1), indirect 1,558 $203.49 $317K Form 4
September 21, 2026 Duda KennethPresident and CTO, Director Soldpre-planned (10b5-1), indirect 2,038 $204.78 $417.3K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

All filings on SEC EDGAR

Questions about ANET

What does Arista Networks, Inc. do?

Arista Networks designs and sells multilayer network switches and network operating software. Its products are purchased by large data center operators, cloud service providers, and financial institutions to manage high-speed computer network traffic. Its shares trade on NYSE under the ticker ANET.

Is Arista Networks, Inc. profitable?

Yes. Over the twelve months to June 30, 2026 it reported net income of $4B on revenue of $10.5B, a net margin of 38.4%.

How much revenue does Arista Networks, Inc. make?

Over the twelve months to June 30, 2026 Arista Networks, Inc. reported revenue of $10.5B. That is 32.6% more than a year earlier.

When did Arista Networks, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 5, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the planned insider sale from September 25, 2026.

Similar companies

CSCO
Cisco Systems, Inc.
FFIV
F5, Inc.
EXTR
Extreme Networks Inc
NTGR
Netgear, Inc.
DGII
Digi International Inc
ATEN
A10 Networks, Inc.

Compare ANET with

ANETvsCSCO
Cisco Systems
ANETvsFFIV
F5
ANETvsEXTR
Extreme Networks
ANETvsDGII
Digi International
ANETvsATEN
A10 Networks

Compare ANET with any company

Follow ANET

Get an email when Arista Networks, Inc. files with the SEC: results, executive changes, material agreements and annual reports.

Follow ANET: get an email when it files

Where the numbers come from

Financial figures are the values Arista Networks, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.