Arista Networks (ANET) financials
Arista Networks revenue and earnings by year
Arista Networks's revenue was $9.01 billion in the fiscal year to December 31, 2025, up 28.6% from the year before. Net income was $3.51 billion, 39.0% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 26.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.01 | 7.00 | 5.86 | 4.38 | 2.95 | 2.32 | 2.41 | 2.15 | 1.65 | 1.13 |
| Revenue growth | 28.6% | 19.5% | 33.8% | 48.6% | 27.2% | -3.9% | 12.1% | 30.7% | 45.8% | — |
| Gross profit | 5.77 | 4.49 | 3.63 | 2.68 | 1.88 | 1.48 | 1.54 | 1.37 | 1.06 | 0.72 |
| Gross margin | 64.1% | 64.1% | 61.9% | 61.1% | 63.8% | 63.9% | 64.1% | 63.8% | 64.5% | 64.0% |
| Operating income | 3.86 | 2.94 | 2.26 | 1.53 | 0.92 | 0.70 | 0.81 | 0.27 | 0.47 | 0.24 |
| Operating margin | 42.8% | 42.0% | 38.5% | 34.9% | 31.4% | 30.2% | 33.4% | 12.7% | 28.6% | 21.6% |
| Net income | 3.51 | 2.85 | 2.09 | 1.35 | 0.84 | 0.63 | 0.86 | 0.33 | 0.42 | 0.18 |
| Net margin | 39.0% | 40.7% | 35.6% | 30.9% | 28.5% | 27.4% | 35.7% | 15.2% | 25.7% | 16.2% |
| Diluted EPS | $2.75 | $2.23 | $1.65 | $1.07 | $0.66 | $0.50 | $0.67 | $0.24 | $0.33 | $0.16 |
| Free cash flow | 4.25 | 3.68 | 2.00 | 0.45 | 0.95 | 0.72 | 0.95 | 0.48 | 0.62 | 0.15 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open ANET in Markets.
How Arista Networks makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product | $2.61B | 85.8% |
| Services | $431M | 14.2% |
See also: ANET valuation and P/E history · ANET returns
No forecast, no recommendation. This page describes Arista Networks from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.