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Arista Networks Inc

Arista Networks Inc

NYSE•ANET
CEO: Ms. Jayshree V. Ullal
Sector: Technology
Industry: Computer Hardware
Listing Date: 2014-06-06
Arista Networks Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for 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 and cloud networking systems, including newer artificial intelligence (AI) ethernet switching platforms; campus wired and wireless products, and routing systems addressing Core Routing, Edge Routing, Data Center Interconnect (DCI), Multi-cloud and Wide Area Networking (WAN) use cases; and a suite of value-add software solutions that leverage EOS to provide end-to-end orchestration, automation, analytics, network monitoring, and security. 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, service providers, financial services organizations, government agencies, media and entertainment companies, telecommunication service providers, 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. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks Inc in October 2008. Arista Networks Inc was incorporated in 2004 and is headquartered in Santa Clara, California.
Contact Information
5453 Great America Parkway, Santa Clara, CA, 95054, United States
408-547-5500
www.arista.com
Market Cap
$198.20B
P/E (TTM)
60.9
55.4
Dividend Yield
--
52W High
$164.94
52W Low
$59.43
52W Range
93%
5.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2025 Data

Revenue

$2.20B+30.43%
4-Quarter Trend

EPS

$0.71+33.96%
4-Quarter Trend

FCF

$1.18B+19.30%
4-Quarter Trend

2025 Q2 Earnings Highlights

Release Date: Aug 6, 2025

Key Highlights

Total Revenue Growth Total revenue reached $4.21B USD for six months ended June 30, 2025, marking a strong 29.1% increase over prior year period.
Gross Profit Improvement Gross profit grew 29.4% to $2.71B USD for the six months, slightly improving margin to 64.5% compared to 2024.
Diluted EPS Rises Diluted net income per share was $1.34 USD for the six months, reflecting a $0.32 USD increase versus the comparable 2024 period.
VeloCloud Acquisition Closed Completed acquisition of VeloCloud business from Broadcom for total cash consideration of $300.0M USD on June 30, 2025.

Risk Factors

Customer Order Timing Large customer purchases are unpredictable, causing revenue volatility due to timing of orders and product acceptance periods.
Supply Chain Commitments Non-cancellable purchase commitments total $3.6B USD as of June 30, 2025, creating potential inventory risk if demand shifts.
Trade Policy Uncertainty Escalating U.S. tariffs and global trade tensions may strain supply chain, increase costs, and negatively affect gross margins.
WSOU Litigation Status WSOU patent litigation remains stayed pending appeal resolution; an adverse ruling could result in significant damages award and relief.

Outlook

AI Market Strategy Strategy centers on delivering robust Ethernet interconnects to support rapid deployment of generative AI workloads globally.
R&D Investment Increase Expect research and development expenses to increase in absolute dollars to expand EOS functionality and introduce new products.
Share Repurchase Program New $1.5B stock repurchase program authorized; $1.4B remains available for repurchases as of June 30, 2025.
Deferred Revenue Volatility New product introductions and customer acceptance periods increase volatility in product deferred revenue balances quarterly.

Peer Comparison

Revenue (TTM)

Sony Group CorporationSONY
$84.08B
-3.8%
Intel CorporationINTC
$53.44B
-3.7%
Intel CorporationINTC
$53.44B
-1.5%

Gross Margin (Latest Quarter)

Intuit Inc.INTU
78.2%
+2.8 pp
ServiceNow, Inc.NOW
77.3%
-1.8 pp
ServiceNow, Inc.NOW
77.3%
-1.8 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ANET$198.20B60.932.3%0.0%
LRCX$197.77B34.360.6%20.5%
LRCX$197.77B34.360.6%20.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4-Quarter Revenue CAGR
+6.8%
Steady Growth
4-Quarter Net Income CAGR
+5.9%
Gradual Improvement in Profitability
Cash Flow Stability
100%
Strong Cash Flow Performance

Research & Insights

Reports
All Years
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $2.20B+30.4%
    |
    EPS: $0.71+34.0%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $2.00B+27.6%
    |
    EPS: $0.65+27.5%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 19, 2025|
    Revenue: $7.00B+19.5%
    |
    EPS: $2.27+34.3%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $1.81B+20.0%
    |
    EPS: $0.60+36.4%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 31, 2024|
    Revenue: $1.69B+15.9%
    |
    EPS: $0.53+32.5%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $1.57B+16.3%
    |
    EPS: $0.51+41.7%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 13, 2024|
    Revenue: $5.86B+33.8%
    |
    EPS: $1.69+53.6%
    Beat
  • Form 10-Q - Q3 2023

    Period End: Sep 30, 2023|Filed: Oct 31, 2023|
    Revenue: $1.51B+28.3%
    |
    EPS: $0.44+51.7%
    Beat