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Arista Networks, Inc. logo

Arista Networks, Inc.

ANET

NYSETechnologyComputer Hardware

Open in GoAI

Regular session

$188.49

−$0.16 · -0.08%

Aug 24, 11:06 AM ET

ANET company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

66

Undervalued

Momentum

63

Gaining

Sentiment

57

Mixed

Risk resilience

58

Elevated Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

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.

Industry
Computer Hardware
Sector
Technology
Headquarters
US
CEO
Jayshree V. Ullal
Listed since
Jun 6, 2014
Employees
5,115

Market position

Day range

Current $188.49

52-week range

Current $188.49

Open
$186.28
Previous close
$188.65
Volume
1.55M
0.17× average
Average volume
9.11M
Average daily volume
Market cap
237.34B USD
Beta
1.62
Market reference 1
50-day average
$177.36
+6.28% above average
200-day average
$149.06
+26.45% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
162.87B USD
P/E (TTM)
58.72×
P/B (TTM)
16.04×
P/S (TTM)
22.52×
EV / EBITDA
37.68×
Earnings yield
2.13%
Free cash flow yield
2.58%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
63.00%
Operating margin
43.14%
Net margin
38.37%
Return on equity
28.39%
Return on assets
18.05%
Return on invested capital
22.64%

Financial health

Debt / equity
0×
Current ratio
3.05×
Altman Z-score
18.48
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends68%53%39%25%Gross margin, FY2021: 63.80%Gross margin, FY2022: 61.07%Gross margin, FY2023: 61.95%Gross margin, FY2024: 64.13%Gross margin, FY2025: 64.06%Operating margin, FY2021: 31.37%Operating margin, FY2022: 34.86%Operating margin, FY2023: 38.52%Operating margin, FY2024: 42.05%Operating margin, FY2025: 42.82%Net margin, FY2021: 28.52%Net margin, FY2022: 30.87%Net margin, FY2023: 35.62%Net margin, FY2024: 40.73%Net margin, FY2025: 38.99%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 63.80%. Gross margin FY2022 61.07%. Gross margin FY2023 61.95%. Gross margin FY2024 64.13%. Gross margin FY2025 64.06%. Operating margin FY2021 31.37%. Operating margin FY2022 34.86%. Operating margin FY2023 38.52%. Operating margin FY2024 42.05%. Operating margin FY2025 42.82%. Net margin FY2021 28.52%. Net margin FY2022 30.87%. Net margin FY2023 35.62%. Net margin FY2024 40.73%. Net margin FY2025 38.99%.

Income trends

Revenue

9.01B USD+28.60%

Operating income

3.86B USD+30.95%

Net income

3.51B USD+23.12%
Income trends across reported periods9.82B USD6.56B USD3.29B USD24.37M USDRevenue, FY2021: 2.95B USDRevenue, FY2022: 4.38B USDRevenue, FY2023: 5.86B USDRevenue, FY2024: 7B USDRevenue, FY2025: 9.01B USDOperating income, FY2021: 924.74M USDOperating income, FY2022: 1.53B USDOperating income, FY2023: 2.26B USDOperating income, FY2024: 2.94B USDOperating income, FY2025: 3.86B USDNet income, FY2021: 840.85M USDNet income, FY2022: 1.35B USDNet income, FY2023: 2.09B USDNet income, FY2024: 2.85B USDNet income, FY2025: 3.51B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.95B USD. Revenue FY2022 4.38B USD. Revenue FY2023 5.86B USD. Revenue FY2024 7B USD. Revenue FY2025 9.01B USD. Operating income FY2021 924.74M USD. Operating income FY2022 1.53B USD. Operating income FY2023 2.26B USD. Operating income FY2024 2.94B USD. Operating income FY2025 3.86B USD. Net income FY2021 840.85M USD. Net income FY2022 1.35B USD. Net income FY2023 2.09B USD. Net income FY2024 2.85B USD. Net income FY2025 3.51B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue9.01B USD7B USD5.86B USD4.38B USD2.95B USD
Cost of goods sold3.24B USD2.51B USD2.23B USD1.71B USD1.07B USD
Gross profit5.77B USD4.49B USD3.63B USD2.68B USD1.88B USD
Research and development1.24B USD996.7M USD854.92M USD728.39M USD586.75M USD
Selling, general, and administrative675.3M USD550M USD518.11M USD420.2M USD369.29M USD
Operating expenses1.91B USD1.55B USD1.37B USD1.15B USD956.04M USD
Interest income383.4M USD311M USD152.42M USD27.56M USD7.22M USD
Depreciation and amortization72.6M USD62M USD70.63M USD62.7M USD50.33M USD
Operating income3.86B USD2.94B USD2.26B USD1.53B USD924.74M USD
Net income3.51B USD2.85B USD2.09B USD1.35B USD840.85M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+12.05%
11 comparable reports
Latest EPS result
1.02
Estimate 0.89 · Beat by 15.12%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.10.910.720.52Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 18, 2025: actual 0.65, estimate 0.567, surprise +14.64%, Beat. Q2 2025, reported May 6, 2025: actual 0.65, estimate 0.59, surprise +10.17%, Beat. Q3 2025, reported Aug 5, 2025: actual 0.73, estimate 0.649, surprise +12.48%, Beat. Q4 2025, reported Nov 4, 2025: actual 0.75, estimate 0.718, surprise +4.46%, Beat. Q1 2026, reported Feb 12, 2026: actual 0.82, estimate 0.758, surprise +8.18%, Beat. Q2 2026, reported May 5, 2026: actual 0.87, estimate 0.808, surprise +7.67%, Beat. Q3 2026, reported Aug 4, 2026: actual 1.02, estimate 0.886, surprise +15.12%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 1.06, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates3.46B2.9B2.33B1.77BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 18, 2025: actual 1.93B USD, estimate 1.9B USD, surprise +1.45%, Beat. Q2 2025, reported May 6, 2025: actual 2B USD, estimate 1.97B USD, surprise +1.90%, Beat. Q3 2025, reported Aug 5, 2025: actual 2.2B USD, estimate 2.11B USD, surprise +4.63%, Beat. Q4 2025, reported Nov 4, 2025: actual 2.31B USD, estimate 2.26B USD, surprise +1.94%, Beat. Q1 2026, reported Feb 12, 2026: actual 2.49B USD, estimate 2.39B USD, surprise +4.30%, Beat. Q2 2026, reported May 5, 2026: actual 2.71B USD, estimate 2.62B USD, surprise +3.43%, Beat. Q3 2026, reported Aug 4, 2026: actual 3.04B USD, estimate 2.83B USD, surprise +7.26%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 3.33B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$225.25

19.50% upside
Past 12 months12-month forecastHigh $289Average $225.25Low $164

Rating distribution

53 ratings
Strong buy00%
Buy4075%
Hold1325%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions
Truist SecuritiesmaintainBuy

ANET news

defenseworld.net

Barbara Oil Co. Makes New Investment in Arista Networks, Inc. $ANET

Barbara Oil Co. bought a new position in Arista Networks, Inc. (NYSE: ANET) during the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,370…

Read source
fool.com

3 Growth Stocks That Could Skyrocket in the Second Half of 2026

Arista Networks is benefiting from data center networking demand and strong margins. Micron is riding the AI memory cycle with explosive revenue growth and upbeat guidance.

Read source
fool.com

Arista Networks vs. Salesforce: Which Technology Stock Is a Better Buy in 2026?

Arista Networks dominates the high-speed networking market for cloud and artificial intelligence infrastructure. Salesforce maintains its leadership in enterprise software through a massive subscription-based ecosystem…

Read source
zacks.com

5 High ROE Stocks to Buy as Markets Sway on Intense Volatility

ALL, ANET, NLY, IT and AME stand out as high-ROE, cash-rich stocks as market volatility intensifies amid bond yield swings.

Read source
fool.com

Arista Networks vs. CoreWeave: What Revenue Trends Tell Investors About These Artificial Intelligence Companies

Arista Networks commands a significantly higher revenue base each period, although CoreWeave displays a much steeper growth rate that is rapidly closing the gap between them. Over the observed eight quarters, Arista…

Read source
marketbeat.com

Arista Networks Says AI Demand Broadens as Supply Limits Upside to 40% Growth Guide

Arista Networks NYSE: ANET executives said demand for AI networking remains broad-based across cloud providers, AI labs, neoclouds, enterprises and campus customers, while supply availability remains a constraint on the…

Read source

Corporate actions

Corporate action history

Stock split

Effective Dec 4, 2024

4:1

Stock split

Effective Nov 18, 2021

4:1

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ETFs holding ANET

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
6.15B
Weight
0.27%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$376.85-0.37%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
4.89B
Weight
0.29%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$701.28-0.35%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
2.6B
Weight
0.29%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$766.56-0.36%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
2.36B
Weight
0.29%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$762.91-0.37%
Vanguard Morningstar Growth ETF logoVanguard Morningstar Growth ETFVUG
Market value
2.07B
Weight
0.55%
AUM
372B USD
Expense ratio
0.03%
Price / 1D
$86.96-0.62%
State Street Technology Select Sector SPDR ETF logoState Street Technology Select Sector SPDR ETFXLK
Market value
1.51B
Weight
1.27%
AUM
119.4B USD
Expense ratio
0.08%
Price / 1D
$179.66-1.99%
Vanguard Information Technology ETF logoVanguard Information Technology ETFVGT
Market value
1.34B
Weight
0.83%
AUM
160.2B USD
Expense ratio
0.09%
Price / 1D
$116.37-1.73%
iShares Russell 1000 Growth ETF logoiShares Russell 1000 Growth ETFIWF
Market value
743.57M
Weight
0.59%
AUM
125.47B USD
Expense ratio
0.18%
Price / 1D
$121.06-1.09%

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