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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
$164.93B
P/E (TTM)
49.1
43.6
Dividend Yield
--
52W High
$164.94
52W Low
$59.43
52W Range
68%
Rank32Top 16.7%
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: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$2.31B+27.46%
4-Quarter Trend

EPS

$0.68+13.33%
4-Quarter Trend

FCF

$1.24B+6.05%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Surges 28.5% Nine months revenue reached $6.52B USD, marking a substantial 28.5% increase compared to prior year period results.
Net Income Grows 24.6% Net income for nine months totaled $2.56B USD, reflecting strong profitability growth of 24.6% year-over-year comparison.
Operating Cash Flow Strong Cash provided by operations was $3.11B USD for nine months, showing a healthy $432.7M USD increase from 2024.

Risk Factors

High Purchase Commitments Non-cancellable purchase commitments stand at $4.8B USD, increasing working capital requirements and inventory risk exposure.
Customer Concentration Risk Large customer purchases remain substantial portion of revenue, creating volatility risk from order timing or potential cancellations.
Macroeconomic Trade Uncertainty Escalating U.S. tariffs and global trade tensions create uncertainty impacting supply chain costs and future gross margin stability.

Outlook

Continued AI Solution Focus Strategy centers on delivering AI-enabled solutions, requiring sustained investment in advanced technology offerings and product development.
R&D Investment Increases R&D expenses rose 24.9% for nine months, reflecting planned increases in personnel and new product introduction costs.
Capital Allocation Strategy New $1.5B repurchase program authorized; current cash balances support working capital and growth strategies for next 12 months.

Peer Comparison

Revenue (TTM)

Sony Group CorporationSONY
$85.76B
-2.9%
Intel CorporationINTC
$53.44B
-1.5%
QUALCOMM IncorporatedQCOM
$44.28B
+13.7%

Gross Margin (Latest Quarter)

Intuit Inc.INTU
78.8%
+3.9pp
ServiceNow, Inc.NOW
77.3%
-1.8pp
Arista Networks IncANET
64.6%
+0.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
LRCX$215.01B37.360.6%20.5%
AMAT$204.73B29.236.1%19.4%
INTU$184.42B44.921.4%20.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.1%
Steady Growth
4Q Net Income CAGR
2.1%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 17, 2026
|
EPS:$0.75
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $2.31B+27.5%
    |
    EPS: $0.68+13.3%
    Miss
  • 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