Stocks Telecommunications ANET
NYSE · TelecommunicationsArista Networks, Inc. (ANET)
Arista Networks, Inc. brought in $11.9B of revenue over the twelve months to September 30, 2026, up 40.7% from a year earlier. Net income was $4.8B, a net margin of 40.0%. Operating cash flow minus capital spending left $4.3B of free cash flow in fiscal 2025. At September 30, 2026 it held $2.3B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 4, 2026.
Key facts about Arista Networks, Inc.
- Net worth
- Arista Networks, Inc. has a market value (market cap) of $233.4B at the latest share price, and shareholders' equity of $16.4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $9B (+28.6% year on year), with net income of $3.5B. Over the 12 months to September 30, 2026: revenue $11.9B, net income $4.8B.
- Cash flow
- In fiscal 2025 operations brought in $4.4B of cash; after $119.5M of capital spending, free cash flow was $4.3B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 4, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Arista Networks, Inc.'s next report is expected around February 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $9B | $3.5B | $2.75 | $4.3B |
| 2024 | $7B | $2.9B | $2.23 | $3.7B |
| 2023 | $5.9B | $2.1B | $1.65 | $2B |
| 2022 | $4.4B | $1.4B | $1.07 | $448.2M |
| 2021 | $2.9B | $840.9M | $0.66 | $951.1M |
| 2020 | $2.3B | $634.6M | $0.50 | $719.7M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where ANET ranks in Telecommunications
Latest SEC filings
What Arista Networks, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 4, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 58% to $3.7B versus the same quarter last year; diluted EPS $1.22 versus $0.67.
- November 3, 2026
- August 5, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 38% to $3B versus the same quarter last year; diluted EPS $0.95 versus $0.70.
- August 4, 2026
- June 2, 2026
- May 27, 2026
- May 6, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 35% to $2.7B versus the same quarter last year; diluted EPS $0.80 versus $0.64.
- May 5, 2026
- April 29, 2026Passive stake (5% or more) SCHEDULE 13G
- April 16, 2026
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 $406.3M 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.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 5, 2026 | Bechtolsheim Andreas10% owner | Soldpre-planned (10b5-1), indirect | 8,775 | $1.4M |
| November 5, 2026 | Bechtolsheim Andreas10% owner | Soldpre-planned (10b5-1), indirect | 18,582 | $3M |
| November 5, 2026 | Bechtolsheim Andreas10% owner | Soldpre-planned (10b5-1), indirect | 21,923 | $3.5M |
| November 5, 2026 | Bechtolsheim Andreas10% owner | Soldpre-planned (10b5-1), indirect | 10,649 | $1.7M |
| November 5, 2026 | Bechtolsheim Andreas10% owner | Soldpre-planned (10b5-1), indirect | 8,079 | $1.3M |
| November 5, 2026 | Bechtolsheim Andreas10% owner | Soldpre-planned (10b5-1), indirect | 9,522 | $1.6M |
| November 5, 2026 | Bechtolsheim Andreas10% owner | Soldpre-planned (10b5-1), indirect | 9,029 | $1.5M |
| November 5, 2026 | Bechtolsheim Andreas10% owner | Soldpre-planned (10b5-1), indirect | 32,951 | $5.5M |
Who owns ANET
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 6.25% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 2,257 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 91,383,843 | -523,799 |
| Vanguard Capital Management LLC | 68,688,349 | +418,143 |
| State Street Corp | 48,165,803 | +1,403,812 |
| Fmr LLC | 47,349,865 | -4,956,761 |
| Geode Capital Management, LLC | 27,505,753 | +276,473 |
| Vanguard Portfolio Management LLC | 25,808,745 | -30,929 |
| Morgan Stanley | 19,696,435 | +1,191,258 |
| Cresset Asset Management, LLC | 19,368,054 | -1,324,657 |
| Capital Research Global Investors | 13,164,137 | -1,595,030 |
| Ameriprise Financial Inc | 12,800,606 | +2,771,999 |
| Norges Bank | 12,246,920 | new |
| Jpmorgan Chase & Co | 11,715,728 | +1,194,429 |
| Nuveen, LLC | 10,735,597 | -1,861,869 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 10,462,016 | -158,726 |
| Northern Trust Corp | 10,139,095 | -4,116 |
| Massachusetts Financial Services Co | 9,725,196 | +2,497,275 |
| Franklin Resources Inc | 9,928,605 | +1,874,686 |
| Goldman Sachs Group Inc | 9,640,843 | -491,198 |
| Schroder Investment Management Group | 9,622,283 | -134,870 |
| Deutsche Bank AG\ | 9,357,496 | +388,354 |
Insiders
12 insiders reported holding 196,485,991 shares in total, about $36.35B at the last price.
| Holder | Shares |
|---|---|
| Bechtolsheim Andreas10% owner | 180,015,156180,015,156 held indirectly |
| Ullal JayshreeCEO and Chairperson, Director | 15,442,42415,432,507 held indirectly |
| Duda KennethPresident and CTO, Director | 445,376432,400 held indirectly |
| Giancarlo Charles HDirector | 185,842184,333 held indirectly |
| Scheinman DanielDirector | 158,730 |
| Nightingale ToddPresident and COO | 69,463 |
| Breithaupt Chantelle YvetteSenior Vice President, CFO | 68,697 |
| Templeton Mark BDirector | 43,410 |
| Chew LewisDirector | 31,770 |
| Wassenaar YvonneDirector | 10,322 |
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.
What is Arista Networks, Inc.'s net worth?
Arista Networks, Inc. has a market value (market cap) of $233.4B at the latest share price, and shareholders' equity of $16.4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Arista Networks, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $4.8B on revenue of $11.9B, a net margin of 40.0%.
How much revenue does Arista Networks, Inc. make?
Over the twelve months to September 30, 2026 Arista Networks, Inc. reported revenue of $11.9B. That is 40.7% 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 November 4, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 9, 2026.
When is Arista Networks, Inc.'s next earnings report?
Arista Networks, Inc.'s next report is expected around February 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Similar companies
Compare ANET with
Follow ANET
Get an email when Arista Networks, Inc. files with the SEC: results, executive changes, material agreements and annual reports.
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.