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Arista Networks(NYSE) ANET

Market Cap$250.76BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2014)+5,823%
5 Year+774%
1 Year+46%
1 Month+16%
$198.84
-2.35%
-4.78Today
After hours$198.62-$0.22 (-0.11%)
Arista Networks last closing stock price
MetricPriceDate
Last closeUSD 198.822026-08-14
Arista Networks stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+5.38%USD 188.672026-08-07
1 month+15.65%USD 171.922026-07-15
3 month+40.04%USD 141.972026-05-15
Year to date+51.74%USD 131.032025-12-31
1 year+45.68%USD 136.482025-08-14
3 year+342.68%USD 44.912023-08-15
5 year+773.77%USD 22.752021-08-13
Since inception+5,823.49%USD 3.442014-06-06

Arista Networks Financials at a Glance

Market Cap

$250.76BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$10.54B

Net Income (TTM)

$4.04B

EPS (TTM)

$3.17

P/E Ratio

62.68

Dividend

$0.00

Beta (Volatility)

1.63 (High)

Price

$198.84

Volume

4,707,405

Open

$205.27

Previous Close

$198.82

Daily Range

$198.25 - $205.27

52-Week Range

$114.52 - $214.89

Estimated Earnings Date

Nov 3, 2026

About Arista Networks

Arista helps big companies move data quickly and securely. Its products connect computers in data centers and offices. This makes online services, banking, and streaming work smoothly for users.

Wired for Business: What Arista Sells

  • Core Networking (65% revenue): High-speed switches and routers for data centers, cloud, and artificial intelligence (AI) networks. Used by internet companies, banks, and cloud providers.
  • Cognitive Adjacencies (18% revenue): Campus and office networking equipment, including Wi-Fi and routing for large workplaces and universities.
  • Networking Software & Services (17% revenue): Software for managing networks, security, and automation. Includes technical support and upgrades for customers.

Growth Spurts: How Arista Got Here

  • Expanded into AI-focused Ethernet switches and new security products in 2024.
  • Launched CloudVision and CloudEOS software platforms for network automation and cloud management since 2022.
  • Entered new global markets in Asia-Pacific and EMEA regions, growing international sales to 18.2% of revenue by 2024.
  • Invested $235–$260 million in new Santa Clara facilities, with construction ongoing through 2026.
  • Increased research and development spending, especially for AI and automation, every year since 2022.

What Makes Arista Stand Out

Arista’s products are used by some of the world’s largest cloud and AI companies. Its network operating system, EOS, is built for automation and reliability. The company’s open approach allows customers to customize and scale their networks easily.

Five Things You Need to Know

  • Revenue was $7.00 billion in 2024, up 19.5% from 2023.
  • Gross profit reached $4.49 billion in 2024, a 64.1% margin.
  • Operating cash flow was $3.71 billion in 2024, up 83% from 2023.
  • Microsoft and Meta made up 35% of 2024 revenue.

Bottom Line

Arista has grown by serving large cloud and AI customers with reliable, flexible networking. Its focus on automation and software keeps it adaptable in a fast-changing industry.

AI Generated • Apr 16, 2026

Industry

Communications Equipment

Employees

5,115

CEO

Jayshree V. Ullal

Headquarters

Santa Clara, CA 95054, US

ANET Financials

Key Financial Metrics (TTM)

Gross Margin

63.00%

Operating Margin

43.14%

Net Income Margin

38.37%

Return on Equity

30.78%

Return on Capital

31.17%

Return on Assets

17.05%

Earnings Yield

1.60%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$250.76BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

1.26B

Volume

4.71M

Avg. Volume

8.49M

Financials (TTM)

Gross Profit

$6.64B

Operating Income

$4.55B

EBITDA

$5.11B

Operating Cash Flow

$5.31B

Capital Expenditure

-$151.30M

Free Cash Flow

$5.16B

Cash & ST Invst.

$13.34B

Total Debt

$0.00

Arista Networks Performance Analysis

Arista Networks annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 4,381,310,00048.6%
20232023-12-31USD 5,860,168,00033.8%
20242024-12-31USD 7,003,146,00019.5%
20252025-12-31USD 9,005,700,00028.6%
Arista Networks sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-304.7%
Q42025-12-317.8%
Q12026-03-318.9%
Q22026-06-3012.1%
Arista Networks annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 1.0762.2%
20232023-12-31USD 1.6554.0%
20242024-12-31USD 2.2335.3%
20252025-12-31USD 2.7523.6%
Arista Networks sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-4.3%
Q42025-12-3111.9%
Q12026-03-316.7%
Q22026-06-3018.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$3.04B

+37.7%

Gross Profit

$1.91B

+32.8%

Gross Margin

62.93%

N/A

Market Cap

$250.76BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$49.02M

N/A

Employees

5,115

N/A

Net Income

$1.21B

+36.5%

EBITDA

$1.55B

+41.9%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$13.34B

+50.9%

Total Debt

$0.00

N/A

Accounts Receivable

$2.27B

+39.6%

Inventory

$2.54B

+23.1%

Long Term Debt

$0.00

N/A

Short Term Debt

$0.00

N/A

Return on Assets

17.05%

N/A

Return on Invested Capital

26.90%

N/A

Free Cash Flow

$1.05B

-10.4%

Operating Cash Flow

$1.08B

-9.8%

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Questions About ANET

What is the current price of Arista Networks?

Arista Networks is trading at $198.82 per share.

What is the 52-week range for Arista Networks?

Over the past 52 weeks, Arista Networks has traded between $114.52 and $214.89.

How much debt does Arista Networks have?

As of the most recent reporting period, Arista Networks reported total debt of $0.00.

How much cash does Arista Networks have on hand?

Arista Networks reported $2.29B in cash and cash equivalents in its most recent financial results.

What is Arista Networks’s dividend yield?

Arista Networks does not currently have a dividend yield.

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