Arista Networks (ANET): financials, SEC filings and peers
Arista Networks (ANET) is a communications equipment company in the Information Technology sector of the S&P 500, headquartered in Santa Clara, California.
It was founded in 2004 and joined the S&P 500 on August 28, 2018.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Computer Communications Equipment”.
Arista Networks at a glance
- Revenue (12 months)
- $10.5B
- Revenue growth
- +32.6%
- Operating margin
- 43.1%
- Net income (12 months)
- $4.0B
- Free cash flow (12 months)
- —
- Cash
- $2.3B
- Debt
- —
- Diluted EPS (12 months)
- $3.17
Twelve months to June 30, 2026, from the 10-Q filed August 5, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Arista Networks reported revenue of $10.5 billion, up a strong 32.6% from $8.0 billion a year earlier.
Its operating margin was 43.1%: for every $100 of sales, about $43 was left as operating profit.
Net income was $4.0 billion (38.4% of revenue), 24.4% higher than a year earlier.
At the end of the period it held $2.3 billion in cash and not reported in debt, a net cash position of $2.3 billion.
Five-year trend
- Revenue went from $2.3 billion in fiscal 2020 to $9.0 billion in fiscal 2025, about 31.2% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin widened from 30.2% to 42.8% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.9B | $4.4B | $5.9B | $7.0B | $9.0B |
| Revenue growth | 27.2% | 48.6% | 33.8% | 19.5% | 28.6% |
| Operating margin | 31.4% | 34.9% | 38.5% | 42.0% | 42.8% |
| Net income | $841M | $1.4B | $2.1B | $2.9B | $3.5B |
| Free cash flow | $951M | $448M | $2.0B | $3.7B | $4.3B |
| Diluted EPS | $2.63 | $1.07 | $1.65 | $2.23 | $2.75 |
Fiscal years as reported in Arista Networks’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
Companies like Arista Networks
Other S&P 500 companies in Communications Equipment:
- CIENCienaHanover, Maryland
- CSCOCiscoSan Jose, California
- FFIVF5, Inc.Seattle, Washington
- LITELumentumSan Jose, California
- MSIMotorola SolutionsChicago, Illinois
More from Information Technology
Questions about Arista Networks
Is Arista Networks's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $10.5 billion, up 32.6% from a year earlier, according to its SEC filings.
Is Arista Networks profitable?
Yes. It earned $4.0 billion in net income over the twelve months to June 30, 2026, a net margin of 38.4%.
When did Arista Networks last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 5, 2026.
Which companies are similar to Arista Networks?
In the S&P 500, Arista Networks is grouped in Communications Equipment within the Information Technology sector. Ciena (CIEN), Cisco (CSCO), F5, Inc. (FFIV), Lumentum (LITE), Motorola Solutions (MSI) are in the same group.
Understand the numbers
Source: Arista Networks’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.