Company Overview
Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for AI, data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications. The company offers data center, cloud and AI networking, cognitive adjacencies, and cognitive network software and services. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, cloud service providers, financial services organizations, government agencies, media and entertainment, healthcare, oil and gas, education, manufacturing, industrial, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. Arista Networks, Inc. was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. The company was incorporated in 2004 and is headquartered in Santa Clara, California.
Why Investors Should Care
Generates a return on equity of 31.5%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 27.4%.
Net profit has compounded at 37.4% per year over the last five years.
Revenue has grown at a 27.1% CAGR over the past five years.
Maintains a net profit margin of 38.3%.
Carries low leverage with a debt-to-equity ratio of 0.36.
Recent Developments
- Dec 2025 Revenue of $9.01B (+28.6% YoY); net profit $3.51B.
- Trailing 12 Months Year-on-year growth — revenue +35.1%, earnings +25.0%.
- 5-Year Trend Long-term compounding — revenue CAGR 27.1%, profit CAGR 37.4%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 27.15% |
| 1 Year: | 35.10% |
Compounded Profit Growth
| 5 Years: | 37.44% |
| 1 Year: | 25.00% |
Stock Price Performance
| 1 Year: | +68.47% |
| 6 Months: | +48.56% |
| 3 Months: | +20.10% |
| 1 Month: | +16.73% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
400/800G Ethernet switches for AI back-end fabrics; Etherlink architecture vs InfiniBand.
- AI networking for data centres Arista's high-speed Ethernet switches and EOS software connect GPU clusters — its AI back-end networking is a major growth driver with large hyperscaler deployments.
- Ultra Ethernet & AI fabrics Arista is a leader in Ethernet-based AI fabrics, positioned as the open alternative to InfiniBand for large AI clusters.
- AI-driven network operations EOS and CloudVision use telemetry and analytics to automate and optimise large networks.
- Premier AI-data-centre networking play with ~38% net margins and ROE ~32%.
- Ethernet-for-AI adoption is a multi-year tailwind tied to GPU-cluster scaling.
- Strong free cash flow and a net-cash balance sheet.
- Hyperscaler customer concentration and competition (NVIDIA, Cisco) are key risks.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 31.5%.
- Healthy ROCE of 27.4%.
- Excellent profit margin of 38.3%.
- Compounding revenue at 27.1% over 5 years.
- Profit CAGR of 37.4% over 5 years.
- Generates positive free cash flow.
CONS
- Trading at a high P/E of 62.7.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ANET Arista Networks, Inc. SPXAI | 182.57 | 62.74 | $229.89B | 0.00% | 27.40% | 31.52% | 27.15% | 37.44% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.80 | 32.43 | $5.13T | 0.49% | 74.66% | 114.29% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPX | 314.86 | 38.07 | $4.62T | 0.37% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 384.93 | 22.91 | $2.86T | 0.93% | 26.90% | 34.01% | 9.48% | 10.85% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 420.39 | 36.18 | $2.18T | 0.90% | 30.20% | 36.21% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXAI | 389.11 | 64.85 | $1.85T | 0.68% | 16.70% | 37.28% | 24.38% | 26.24% |
| 7 | MU Micron Technology, Inc. NDXSPXAI | 983.12 | 46.37 | $1.11T | 0.06% | 13.69% | 39.82% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 548.13 | 181.50 | $893.78B | 0.00% | 6.33% | 8.06% | 13.64% | 48.64% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,775.64 | 59.55 | $684.36B | 0.47% | 42.97% | 52.24% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 335.48M | 405.21M | 437.63M | 467.87M | 472.49M | 519.85M | 563.31M | 595.73M | 595.42M | 608.32M | 654.41M | 552.55M | 523.03M | 540.57M | 605.43M | 648.48M | 667.56M | 707.32M | 748.70M | 877.07M | 1.05B | 1.18B | 1.35B | 1.46B | 1.51B | 1.57B | 1.69B | - | 2.00B | 2.20B | 2.31B | 2.49B | 2.71B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 728.70M | 766.20M | 818.10M | 924.00M | 1.03B |
| Gross Profit | 127.89M | 141.75M | 156.17M | 155.09M | 171.45M | 186.42M | 210.16M | 214.21M | 259.78M | 280.62M | 307.17M | 302.92M | 333.88M | 361.58M | 374.99M | 380.57M | 390.19M | 417.27M | 356.30M | 338.25M | 344.09M | 384.96M | 414.58M | 425.27M | 454.18M | 478.62M | 553.85M | 643.26M | 709.98M | 804.51M | 884.13M | 942.42M | 1.00B | 1.10B | - | 1.28B | 1.44B | 1.49B | 1.56B | 1.68B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 417.30M | 452.40M | 512.00M | 530.90M | 519.00M |
| Operating Income | 32.86M | 31.30M | 49.40M | 49.73M | 53.16M | 63.02M | 77.50M | 73.42M | 116.63M | 140.83M | 139.39M | 138.74M | -239.80M | 180.77M | 193.64M | 194.34M | 206.84M | 228.61M | 175.99M | 149.66M | 166.99M | 188.40M | 194.64M | 206.29M | 219.37M | 233.29M | 277.99M | 362.85M | 417.35M | 484.58M | 530.06M | 602.70M | 660.20M | 699.60M | - | 858.80M | 986.20M | 978.20M | 1.03B | 1.16B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 872.60M | 999.00M | 1.00B | 1.06B | 1.18B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 955.00M | 1.08B | 1.08B | 1.14B | 1.27B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 141.20M | 191.40M | 224.10M | 181.60M | 248.50M |
| Net Income | 24.00M | 28.69M | 43.92M | 35.24M | 38.90M | 51.26M | 58.78M | 82.96M | 102.69M | 133.72M | 103.83M | 144.54M | -155.27M | 168.52M | 170.32M | 201.03M | 189.25M | 208.90M | 260.69M | 138.43M | 144.79M | 168.38M | 182.96M | 180.37M | 196.89M | 224.31M | 272.26M | 299.10M | 354.00M | 436.47M | 491.88M | 545.33M | 637.70M | 665.40M | - | 813.80M | 888.80M | 853.00M | 955.80M | 1.02B |
| Diluted EPS | 0.33 | 0.39 | 0.60 | 0.48 | 0.53 | 0.69 | 0.79 | 1.07 | 1.30 | 1.68 | 1.29 | 1.79 | -2.08 | 2.08 | 2.10 | 2.47 | 2.33 | 2.59 | 3.25 | 1.73 | 1.83 | 2.12 | 2.31 | 0.57 | 0.62 | 0.70 | 0.85 | 0.94 | 1.13 | 1.38 | 1.55 | 1.72 | 0.50 | 0.52 | - | 0.64 | 0.70 | 0.67 | 0.75 | 0.80 |
| R&D Expense | 49.95M | 58.75M | 57.41M | 62.52M | 69.02M | 70.65M | 71.40M | 81.61M | 81.19M | 79.61M | 107.18M | 102.36M | 104.08M | 117.59M | 118.44M | 119.67M | 114.30M | 118.73M | 110.06M | 113.15M | 111.54M | 128.05M | 133.85M | 132.49M | 143.29M | 153.09M | 172.01M | 178.16M | 187.81M | 201.41M | 229.68M | 212.35M | 208.40M | 267.50M | 235.80M | 266.40M | 296.50M | 326.00M | - | 343.70M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 193.41M | 361.22M | 584.11M | 837.59M | 1.13B | 1.65B | 2.15B | 2.41B | 2.32B | - | 4.38B | 5.86B | 7.00B | 9.01B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | 1.07B | 1.71B | 2.23B | 2.51B | - |
| Gross Profit | 132.16M | 238.54M | 392.09M | 543.56M | 723.12M | 1.06B | 1.37B | 1.54B | 1.48B | - | 2.68B | 3.63B | 4.49B | 5.77B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | 1.15B | 1.37B | 1.55B | 1.91B |
| Operating Income | 39.90M | 66.15M | 125.51M | 149.31M | 243.41M | 470.27M | 273.35M | 805.77M | 699.68M | - | 1.53B | 2.26B | 2.94B | 3.86B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | 1.59B | 2.33B | 3.01B | 3.93B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | 1.58B | 2.42B | 3.27B | 4.25B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | 229.35M | 334.70M | 413.00M | 738.30M |
| Net Income | 21.35M | 42.46M | 86.85M | 121.10M | 184.19M | 423.20M | 328.12M | 859.87M | 634.56M | - | 1.35B | 2.09B | 2.85B | 3.51B |
| Diluted EPS | 0.39 | 0.72 | 1.29 | 1.67 | 2.50 | 5.35 | 4.06 | 2.66 | 2.00 | - | 1.07 | 1.65 | 2.23 | 2.75 |
| R&D Expense | 55.16M | 98.59M | 148.91M | 209.45M | 273.58M | 349.59M | 442.47M | 462.76M | 486.59M | 586.75M | 728.39M | 854.90M | 996.70M | 1.24B |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 364.52M | 811.02M | 1.16B | 1.73B | 2.46B | 3.08B | 4.19B | 4.74B | - | 6.78B | 9.96B | 14.04B | 19.45B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | 5.55B | 8.40B | 11.91B | 16.39B |
| Cash & Equivalents | 70.72M | 88.66M | 113.66M | 240.03M | 687.33M | 567.92M | 859.19M | 649.95M | 1.11B | 893.22M | - | 671.71M | 1.94B | 2.76B | 1.96B |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | 1.29B | 1.95B | 1.83B | 2.25B |
| Receivables | - | - | - | - | - | - | - | - | - | - | 516.51M | 923.10M | 1.03B | 1.14B | - |
| Total Liabilities | - | - | 286.79M | 255.37M | 371.74M | 621.19M | 798.95M | 938.59M | 1.29B | 1.42B | - | 1.89B | 2.74B | 4.05B | 7.08B |
| Current Liabilities | - | - | 209.34M | 144.37M | 235.01M | 459.55M | 529.90M | 606.50M | 597.07M | 768.24M | - | 1.29B | 1.92B | 2.73B | 5.38B |
| Long Term Debt | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | - | - | - | - | - | - | 56.53M | 43.96M | - | - | - |
| Total Equity | -8.19M | 18.91M | 77.73M | 555.66M | 788.15M | 1.11B | 1.66B | 2.14B | 2.89B | 3.32B | - | 4.89B | 7.22B | 9.99B | 12.37B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | 1.23B | 1.25B | 1.26B | 1.26B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 26.31M | 34.65M | 131.88M | 237.78M | 174.29M | 631.63M | 503.12M | 963.03M | 735.11M | - | 492.81M | 2.03B | 3.71B | 4.37B |
| Investing Cash Flow | -12.35M | -19.49M | -249.36M | 184.17M | -325.77M | -391.32M | -755.11M | -284.07M | -608.80M | - | 216.33M | -687.50M | -2.46B | -3.58B |
| Financing Cash Flow | 3.98M | 9.89M | 243.98M | 25.85M | 32.74M | 51.47M | 42.85M | -217.96M | -346.34M | - | -654.60M | -83.80M | -421.80M | -1.60B |
| Capital Expenditure | -3.31M | -20.32M | -13.13M | -19.99M | -21.42M | -15.28M | -23.83M | -15.75M | - | - | -44.64M | -34.40M | -32.00M | -119.50M |
| Free Cash Flow | 22.99M | 14.33M | 118.74M | 217.79M | 152.88M | 616.35M | 479.29M | 947.28M | - | - | 448.17M | 2.00B | 3.68B | 4.25B |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | 54.54M | 1.26B | 829.10M | -800.20M |
| Share Buybacks | - | - | - | - | - | 0 | 0 | 266.14M | 395.17M | 411.64M | 670.29M | 112.30M | 423.60M | 1.60B |
Ratios (Annual)
Figures in %.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 68.3% | 66.0% | 67.1% | 64.9% | 64.0% | 64.5% | 63.8% | 64.1% | 63.9% | - | 61.1% | 61.9% | 64.1% | 64.1% |
| Operating Margin % | 20.6% | 18.3% | 21.5% | 17.8% | 21.6% | 28.6% | 12.7% | 33.4% | 30.2% | - | 34.9% | 38.5% | 42.0% | 42.8% |
| Net Margin % | 11.0% | 11.8% | 14.9% | 14.5% | 16.3% | 25.7% | 15.3% | 35.7% | 27.4% | - | 30.9% | 35.6% | 40.7% | 39.0% |
| ROE % | 112.9% | 54.6% | 15.6% | 15.4% | 16.6% | 25.5% | 15.3% | 29.7% | 19.1% | - | 27.7% | 28.9% | 28.5% | 28.4% |
| ROCE % | - | 42.6% | 18.8% | 16.1% | 19.2% | 24.4% | 11.0% | 22.5% | 17.6% | - | 27.9% | 28.1% | 26.0% | 27.4% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 7.30% | 91.91M | $16.22B |
| 2 | Vanguard Capital Management LLC | 5.42% | 68.27M | $12.05B |
| 3 | FMR, LLC | 4.15% | 52.31M | $9.23B |
| 4 | State Street Corporation | 3.71% | 46.76M | $8.25B |
| 5 | Price (T.Rowe) Associates Inc | 2.33% | 29.32M | $5.18B |
| 6 | Geode Capital Management, LLC | 2.16% | 27.23M | $4.81B |
| 7 | Vanguard Portfolio Management LLC | 2.05% | 25.84M | $4.56B |
| 8 | Cresset Asset Management, LLC | 1.64% | 20.69M | $3.65B |
| 9 | Morgan Stanley | 1.47% | 18.51M | $3.27B |
| 10 | Capital Research Global Investors | 1.17% | 14.76M | $2.61B |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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ANET — Frequently Asked Questions
What is the current share price of Arista Networks, Inc. (ANET)?
As of 2026-07-14 21:23 PDT, Arista Networks, Inc. (ANET) trades at $182.57 on NYSE. Its 52-week range is $107.37 to $186.96.
What is the market capitalisation of ANET?
Arista Networks, Inc. (ANET) has a market capitalisation of $229.89B on NYSE.
What is the P/E ratio of ANET?
ANET trades at a trailing price-to-earnings (P/E) ratio of 62.74. The industry average P/E is 36.02. Its price-to-book (P/B) ratio is 15.24.
What is the return on equity (ROE) of ANET?
ANET has a return on equity (ROE) of 31.52%. Its return on capital employed (ROCE) is 27.40%.
Is ANET a good stock to buy?
This page provides a data-driven analysis of Arista Networks, Inc. (ANET), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.