Arista Networks (ANET) Financials & Stock Analysis

Arista Networks

NYSE: ANET · USD

Revenue

USD millions

$3,035.7M

Arista Networks Revenue. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
Period	Revenue
FY 2014 Q2	$137.947M; Change unavailable vs FY 2014 Q1
FY 2014 Q3	$155.463M; +12.7% vs FY 2014 Q2
FY 2014 Q4	$173.489M; +11.6% vs FY 2014 Q3
FY 2015 Q1	$179.045M; +3.2% vs FY 2014 Q4
FY 2015 Q2	$195.552M; +9.2% vs FY 2015 Q1
FY 2015 Q3	$217.548M; +11.2% vs FY 2015 Q2
FY 2015 Q4	$245.446M; +12.8% vs FY 2015 Q3
FY 2016 Q1	$242.196M; −1.3% vs FY 2015 Q4
FY 2016 Q2	$268.741M; +11.0% vs FY 2016 Q1
FY 2016 Q3	$290.261M; +8.0% vs FY 2016 Q2
FY 2016 Q4	$327.969M; +13.0% vs FY 2016 Q3
FY 2017 Q1	$335.475M; +2.3% vs FY 2016 Q4
FY 2017 Q2	$405.211M; +20.8% vs FY 2017 Q1
FY 2017 Q3	$437.633M; +8.0% vs FY 2017 Q2
FY 2017 Q4	$467.867M; +6.9% vs FY 2017 Q3
FY 2018 Q1	$472.489M; +1.0% vs FY 2017 Q4
FY 2018 Q2	$519.845M; +10.0% vs FY 2018 Q1
FY 2018 Q3	$563.309M; +8.4% vs FY 2018 Q2
FY 2018 Q4	$595.726M; +5.8% vs FY 2018 Q3
FY 2019 Q1	$595.424M; −0.1% vs FY 2018 Q4
FY 2019 Q2	$608.321M; +2.2% vs FY 2019 Q1
FY 2019 Q3	$654.415M; +7.6% vs FY 2019 Q2
FY 2019 Q4	$552.546M; −15.6% vs FY 2019 Q3
FY 2020 Q1	$523.029M; −5.3% vs FY 2019 Q4
FY 2020 Q2	$540.57M; +3.4% vs FY 2020 Q1
FY 2020 Q3	$605.431M; +12.0% vs FY 2020 Q2
FY 2020 Q4	$648.482M; +7.1% vs FY 2020 Q3
FY 2021 Q1	$667.562M; +2.9% vs FY 2020 Q4
FY 2021 Q2	$707.319M; +6.0% vs FY 2021 Q1
FY 2021 Q3	$748.697M; +5.8% vs FY 2021 Q2
FY 2021 Q4	$824.459M; +10.1% vs FY 2021 Q3
FY 2022 Q1	$877.066M; +6.4% vs FY 2021 Q4
FY 2022 Q2	$1,051.891M; +19.9% vs FY 2022 Q1
FY 2022 Q3	$1,176.801M; +11.9% vs FY 2022 Q2
FY 2022 Q4	$1,275.552M; +8.4% vs FY 2022 Q3
FY 2023 Q1	$1,351.351M; +5.9% vs FY 2022 Q4
FY 2023 Q2	$1,458.924M; +8.0% vs FY 2023 Q1
FY 2023 Q3	$1,509.456M; +3.5% vs FY 2023 Q2
FY 2023 Q4	$1,540.437M; +2.1% vs FY 2023 Q3
FY 2024 Q1	$1,571.374M; +2.0% vs FY 2023 Q4
FY 2024 Q2	$1,690.4M; +7.6% vs FY 2024 Q1
FY 2024 Q3	$1,810.936M; +7.1% vs FY 2024 Q2
FY 2024 Q4	$1,930.436M; +6.6% vs FY 2024 Q3
FY 2025 Q1	$2,004.8M; +3.9% vs FY 2024 Q4
FY 2025 Q2	$2,204.8M; +10.0% vs FY 2025 Q1
FY 2025 Q3	$2,308.3M; +4.7% vs FY 2025 Q2
FY 2025 Q4	$2,487.8M; +7.8% vs FY 2025 Q3
FY 2026 Q1	$2,709M; +8.9% vs FY 2025 Q4
FY 2026 Q2	$3,035.7M; +12.1% vs FY 2026 Q1

Free cash flow

USD millions

$1,053.3M

Arista Networks Free cash flow. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
Period	Free cash flow
FY 2014 Q2	$40.781M; Change unavailable vs FY 2014 Q1
FY 2014 Q3	$32.548M; −20.2% vs FY 2014 Q2
FY 2014 Q4	$30.826M; −5.3% vs FY 2014 Q3
FY 2015 Q1	$15.631M; −49.3% vs FY 2014 Q4
FY 2015 Q2	$48.974M; +213.3% vs FY 2015 Q1
FY 2015 Q3	$5.443M; −88.9% vs FY 2015 Q2
FY 2015 Q4	$110.496M; +1930.1% vs FY 2015 Q3
FY 2016 Q1	$63.154M; −42.8% vs FY 2015 Q4
FY 2016 Q2	$50.833M; −19.5% vs FY 2016 Q1
FY 2016 Q3	$-51.089M; −200.5% vs FY 2016 Q2
FY 2016 Q4	$47.123M; +192.2% vs FY 2016 Q3
FY 2017 Q1	$158.217M; +235.8% vs FY 2016 Q4
FY 2017 Q2	$74.344M; −53.0% vs FY 2017 Q1
FY 2017 Q3	$203.243M; +173.4% vs FY 2017 Q2
FY 2017 Q4	$180.544M; −11.2% vs FY 2017 Q3
FY 2018 Q1	$189.205M; +4.8% vs FY 2017 Q4
FY 2018 Q2	$123.849M; −34.5% vs FY 2018 Q1
FY 2018 Q3	$-123.367M; −199.6% vs FY 2018 Q2
FY 2018 Q4	$289.602M; +334.7% vs FY 2018 Q3
FY 2019 Q1	$164.86M; −43.1% vs FY 2018 Q4
FY 2019 Q2	$192.977M; +17.1% vs FY 2019 Q1
FY 2019 Q3	$264.717M; +37.2% vs FY 2019 Q2
FY 2019 Q4	$324.729M; +22.7% vs FY 2019 Q3
FY 2020 Q1	$191.74M; −41.0% vs FY 2019 Q4
FY 2020 Q2	$136.145M; −29.0% vs FY 2020 Q1
FY 2020 Q3	$212.604M; +56.2% vs FY 2020 Q2
FY 2020 Q4	Unavailable; Change unavailable vs FY 2020 Q3
FY 2021 Q1	$249.579M; Change unavailable vs FY 2020 Q4
FY 2021 Q2	$258.895M; +3.7% vs FY 2021 Q1
FY 2021 Q3	$226.691M; −12.4% vs FY 2021 Q2
FY 2021 Q4	Unavailable; Change unavailable vs FY 2021 Q3
FY 2022 Q1	$202.262M; Change unavailable vs FY 2021 Q4
FY 2022 Q2	$92.229M; −54.4% vs FY 2022 Q1
FY 2022 Q3	$123.665M; +34.1% vs FY 2022 Q2
FY 2022 Q4	Unavailable; Change unavailable vs FY 2022 Q3
FY 2023 Q1	$368.852M; Change unavailable vs FY 2022 Q4
FY 2023 Q2	$422.509M; +14.5% vs FY 2023 Q1
FY 2023 Q3	$687.765M; +62.8% vs FY 2023 Q2
FY 2023 Q4	Unavailable; Change unavailable vs FY 2023 Q3
FY 2024 Q1	$504.41M; Change unavailable vs FY 2023 Q4
FY 2024 Q2	$985.851M; +95.4% vs FY 2024 Q1
FY 2024 Q3	$1,167.431M; +18.4% vs FY 2024 Q2
FY 2024 Q4	Unavailable; Change unavailable vs FY 2024 Q3
FY 2025 Q1	$613.3M; Change unavailable vs FY 2024 Q4
FY 2025 Q2	$1,176.1M; +91.8% vs FY 2025 Q1
FY 2025 Q3	$1,238.1M; +5.3% vs FY 2025 Q2
FY 2025 Q4	Unavailable; Change unavailable vs FY 2025 Q3
FY 2026 Q1	$1,639M; Change unavailable vs FY 2025 Q4
FY 2026 Q2	$1,053.3M; −35.7% vs FY 2026 Q1

Net margin

39.95%

Arista Networks Net margin. Reported fiscal history.
Fiscal period	%
FY 2014 Q2	15.67%
FY 2014 Q3	14.07%
FY 2014 Q4	17.89%
FY 2015 Q1	13.68%
FY 2015 Q2	12.27%
FY 2015 Q3	13.19%
FY 2015 Q4	17.9%
FY 2016 Q1	14.55%
FY 2016 Q2	14.48%
FY 2016 Q3	17.66%
FY 2016 Q4	17.92%
FY 2017 Q1	24.73%
FY 2017 Q2	25.34%
FY 2017 Q3	30.56%
FY 2017 Q4	22.19%
FY 2018 Q1	30.59%
FY 2018 Q2	-29.87%
FY 2018 Q3	29.92%
FY 2018 Q4	28.59%
FY 2019 Q1	33.76%
FY 2019 Q2	31.11%
FY 2019 Q3	31.92%
FY 2019 Q4	47.18%
FY 2020 Q1	26.47%
FY 2020 Q2	26.79%
FY 2020 Q3	27.81%
FY 2020 Q4	28.21%
FY 2021 Q1	27.02%
FY 2021 Q2	27.84%
FY 2021 Q3	29.96%
FY 2021 Q4	29.02%
FY 2022 Q1	31.04%
FY 2022 Q2	28.43%
FY 2022 Q3	30.08%
FY 2022 Q4	33.48%
FY 2023 Q1	32.3%
FY 2023 Q2	33.72%
FY 2023 Q3	36.13%
FY 2023 Q4	39.84%
FY 2024 Q1	40.58%
FY 2024 Q2	39.37%
FY 2024 Q3	41.3%
FY 2024 Q4	41.49%
FY 2025 Q1	40.59%
FY 2025 Q2	40.31%
FY 2025 Q3	36.95%
FY 2025 Q4	38.42%
FY 2026 Q1	37.76%
FY 2026 Q2	39.95%

P/E

× · TTM · Daily

65.16×

Arista Networks P/E. Monthly closing observations; inspect daily values with the chart arrow keys.
Close date	× · TTM · Daily	Financials through
2015-05-29	71.26×	2014-12-31
2015-06-30	83.32×	2014-12-31
2015-07-31	86.1×	2014-12-31
2015-08-31	76.23×	2014-12-31
2015-09-30	62.37×	2014-12-31
2015-10-30	65.76×	2014-12-31
2015-11-30	74.94×	2014-12-31
2015-12-31	79.34×	2014-12-31
2016-01-29	61.19×	2014-12-31
2016-02-29	41.4×	2015-12-31
2016-03-31	38.11×	2015-12-31
2016-04-29	40.24×	2015-12-31
2016-05-31	40.48×	2016-03-31
2016-06-30	35.56×	2016-03-31
2016-07-29	39.36×	2016-03-31
2016-08-31	39.8×	2016-06-30
2016-09-30	42.5×	2016-06-30
2016-10-31	42.34×	2016-06-30
2016-11-30	41.35×	2016-09-30
2016-12-30	42.2×	2016-09-30
2017-01-31	41×	2016-09-30
2017-02-28	48.42×	2016-12-31
2017-03-31	53.82×	2016-12-31
2017-04-28	56.82×	2016-12-31
2017-05-31	49.44×	2017-03-31
2017-06-30	50.25×	2017-03-31
2017-07-31	50.08×	2017-03-31
2017-08-31	47.04×	2017-06-30
2017-09-29	50.64×	2017-06-30
2017-10-31	53.38×	2017-06-30
2017-11-30	48.99×	2017-09-30
2017-12-29	49.5×	2017-09-30
2018-01-31	57.96×	2017-09-30
2018-02-28	51.28×	2017-12-31
2018-03-29	48.54×	2017-12-31
2018-04-30	50.3×	2017-12-31
2018-05-31	41.93×	2018-03-31
2018-06-29	42.92×	2018-03-31
2018-07-31	42.63×	2018-03-31
2018-08-31	49.84×	2018-03-31
2018-09-28	44.31×	2018-03-31
2018-10-31	38.4×	2018-03-31
2018-11-30	39.75×	2018-03-31
2018-12-31	35.12×	2018-03-31
2019-01-31	35.8×	2018-03-31
2019-02-28	70.32×	2018-12-31
2019-03-29	77.52×	2018-12-31
2019-04-30	76.99×	2018-12-31
2019-05-31	60.3×	2018-12-31
2019-06-28	64×	2018-12-31
2019-07-31	67.41×	2018-12-31
2019-08-30	25.29×	2019-06-30
2019-09-30	26.66×	2019-06-30
2019-10-31	27.29×	2019-06-30
2019-11-29	20.49×	2019-09-30
2019-12-31	21.35×	2019-09-30
2020-01-31	23.45×	2019-09-30
2020-02-28	18.02×	2019-12-31
2020-03-31	18.9×	2019-12-31
2020-04-30	20.47×	2019-12-31
2020-05-29	23.41×	2020-03-31
2020-06-30	21.06×	2020-03-31
2020-07-31	26.05×	2020-03-31
2020-08-31	23.54×	2020-06-30
2020-09-30	21.8×	2020-06-30
2020-10-30	22.01×	2020-06-30
2020-11-30	30.14×	2020-09-30
2020-12-31	32.35×	2020-09-30
2021-01-29	34.25×	2020-09-30
2021-02-26	34.97×	2020-12-31
2021-03-31	37.73×	2020-12-31
2021-04-30	39.39×	2020-12-31
2021-05-28	39.94×	2021-03-31
2021-06-30	42.64×	2021-03-31
2021-07-30	44.77×	2021-03-31
2021-08-31	40.43×	2021-06-30
2021-09-30	37.6×	2021-06-30
2021-10-29	44.82×	2021-06-30
2021-11-30	50.55×	2021-09-30
2021-12-31	58.57×	2021-09-30
2022-01-31	50.65×	2021-09-30
2022-02-28	46.71×	2021-12-31
2022-03-31	52.89×	2021-12-31
2022-04-29	43.98×	2021-12-31
2022-05-31	38.93×	2021-12-31
2022-06-30	35.68×	2021-12-31
2022-07-29	44.39×	2021-12-31
2022-08-31	45.62×	2021-12-31
2022-09-30	42.96×	2021-12-31
2022-10-31	46×	2021-12-31
2022-11-30	53.02×	2021-12-31
2022-12-30	46.18×	2021-12-31
2023-01-31	47.96×	2021-12-31
2023-02-28	32.37×	2022-12-31
2023-03-31	39.17×	2022-12-31
2023-04-28	37.38×	2022-12-31
2023-05-31	38.82×	2022-12-31
2023-06-30	37.82×	2022-12-31
2023-07-31	36.19×	2022-12-31
2023-08-31	45.56×	2022-12-31
2023-09-29	42.92×	2022-12-31
2023-10-31	46.76×	2022-12-31
2023-11-30	36.71×	2023-09-30
2023-12-29	39.36×	2023-09-30
2024-01-31	43.23×	2023-09-30
2024-02-29	42.39×	2023-12-31
2024-03-28	44.29×	2023-12-31
2024-04-30	39.19×	2023-12-31
2024-05-31	45.46×	2023-12-31
2024-06-28	53.53×	2023-12-31
2024-07-31	52.93×	2023-12-31
2024-08-30	53.98×	2023-12-31
2024-09-30	58.63×	2023-12-31
2024-10-31	59.03×	2023-12-31
2024-11-29	61.99×	2023-12-31
2024-12-31	67.53×	2023-12-31
2025-01-31	70.4×	2023-12-31
2025-02-28	41.87×	2024-12-31
2025-03-31	34.86×	2024-12-31
2025-04-30	37.02×	2024-12-31
2025-05-30	38.99×	2024-12-31
2025-06-30	46.04×	2024-12-31
2025-07-31	55.45×	2024-12-31
2025-08-29	61.44×	2024-12-31
2025-09-30	65.57×	2024-12-31
2025-10-31	70.96×	2024-12-31
2025-11-28	49.7×	2025-09-30
2025-12-31	49.83×	2025-09-30
2026-01-30	53.91×	2025-09-30
2026-02-27	48.5×	2025-12-31
2026-03-31	44.61×	2025-12-31
2026-04-30	62.75×	2025-12-31
2026-05-29	54.6×	2026-03-31
2026-06-30	58.16×	2026-03-31
2026-07-31	61.75×	2026-03-31
2026-08-31	61.74×	2026-06-30
2026-09-25	65.16×	2026-06-30

ROIC

% · Annual / TTM

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Arista Networks ROIC. Reported fiscal history.
Fiscal period	% · Annual / TTM
FY 2014 Q2	—
FY 2014 Q3	—
FY 2014 Q4	—
FY 2015 Q1	—
FY 2015 Q2	—
FY 2015 Q3	—
FY 2015 Q4	—
FY 2016 Q1	—
FY 2016 Q2	—
FY 2016 Q3	—
FY 2016 Q4	—
FY 2017 Q1	—
FY 2017 Q2	—
FY 2017 Q3	—
FY 2017 Q4	—
FY 2018 Q1	—
FY 2018 Q2	—
FY 2018 Q3	—
FY 2018 Q4	—
FY 2019 Q1	—
FY 2019 Q2	—
FY 2019 Q3	—
FY 2019 Q4	—
FY 2020 Q1	—
FY 2020 Q2	—
FY 2020 Q3	—
FY 2020 Q4	—
FY 2021 Q1	—
FY 2021 Q2	—
FY 2021 Q3	—
FY 2021 Q4	—
FY 2022 Q1	—
FY 2022 Q2	—
FY 2022 Q3	—
FY 2022 Q4	—
FY 2023 Q1	—
FY 2023 Q2	—
FY 2023 Q3	—
FY 2023 Q4	—
FY 2024 Q1	—
FY 2024 Q2	—
FY 2024 Q3	—
FY 2024 Q4	—
FY 2025 Q1	—
FY 2025 Q2	—
FY 2025 Q3	—
FY 2025 Q4	—
FY 2026 Q1	—
FY 2026 Q2	—

Capital allocation

% of tracked cash uses

$29.7M

Arista Networks capital allocation. Quarterly values. Missing values are unavailable.
Period	Capex	Acquisitions	Buybacks	Dividends	Debt repayments	Tracked uses
FY 2014 Q2	100% · $5.476M	Unavailable	Unavailable	Unavailable	Unavailable	100% · $5.476M
FY 2014 Q3	100% · $2.21M	Unavailable	Unavailable	Unavailable	Unavailable	100% · $2.21M
FY 2014 Q4	100% · $2.345M	Unavailable	Unavailable	Unavailable	Unavailable	100% · $2.345M
FY 2015 Q1	100% · $5.136M	Unavailable	Unavailable	Unavailable	Unavailable	100% · $5.136M
FY 2015 Q2	100% · $3.632M	Unavailable	Unavailable	Unavailable	Unavailable	100% · $3.632M
FY 2015 Q3	100% · $5.206M	Unavailable	Unavailable	Unavailable	Unavailable	100% · $5.206M
FY 2015 Q4	100% · $6.015M	Unavailable	Unavailable	Unavailable	Unavailable	100% · $6.015M
FY 2016 Q1	100% · $7.962M	Unavailable	Unavailable	Unavailable	Unavailable	100% · $7.962M
FY 2016 Q2	100% · $4.08M	Unavailable	Unavailable	Unavailable	Unavailable	100% · $4.08M
FY 2016 Q3	100% · $3.745M	Unavailable	Unavailable	Unavailable	Unavailable	100% · $3.745M
FY 2016 Q4	100% · $5.632M	Unavailable	Unavailable	Unavailable	Unavailable	100% · $5.632M
FY 2017 Q1	100% · $4.645M	Unavailable	Unavailable	Unavailable	Unavailable	100% · $4.645M
FY 2017 Q2	100% · $4.889M	Unavailable	Unavailable	Unavailable	Unavailable	100% · $4.889M
FY 2017 Q3	100% · $2.625M	Unavailable	Unavailable	Unavailable	Unavailable	100% · $2.625M
FY 2017 Q4	100% · $3.12M	0% · $0M	Unavailable	Unavailable	Unavailable	100% · $3.12M
FY 2018 Q1	100% · $6.336M	Unavailable	Unavailable	Unavailable	Unavailable	100% · $6.336M
FY 2018 Q2	100% · $6.735M	Unavailable	Unavailable	Unavailable	Unavailable	100% · $6.735M
FY 2018 Q3	100% · $4.542M	Unavailable	0% · $0M	Unavailable	Unavailable	100% · $4.542M
FY 2018 Q4	84.04% · $6.217M	15.96% · $1.181M	0% · $0M	Unavailable	Unavailable	100% · $7.398M
FY 2019 Q1	100% · $5.237M	0% · $0M	0% · $0M	Unavailable	Unavailable	100% · $5.237M
FY 2019 Q2	3.29% · $3.402M	0% · $0M	96.71% · $100.008M	Unavailable	Unavailable	100% · $103.41M
FY 2019 Q3	3.88% · $4.68M	1.13% · $1.365M	94.99% · $114.609M	Unavailable	Unavailable	100% · $120.654M
FY 2019 Q4	4.51% · $2.432M	0% · $0M	95.49% · $51.525M	Unavailable	Unavailable	100% · $53.957M
FY 2020 Q1	1.05% · $3.107M	22.28% · $66.225M	76.67% · $227.895M	Unavailable	Unavailable	100% · $297.227M
FY 2020 Q2	95.75% · $2.071M	4.25% · $0.092M	0% · $0M	Unavailable	Unavailable	100% · $2.163M
FY 2020 Q3	1.49% · $2.523M	0% · $0M	98.51% · $167.278M	Unavailable	Unavailable	100% · $169.801M
FY 2020 Q4	Unavailable	100% · $161.103M	0% · $0M	Unavailable	Unavailable	100% · $161.103M
FY 2021 Q1	4.79% · $5.096M	0% · $0M	95.21% · $101.355M	Unavailable	Unavailable	100% · $106.451M
FY 2021 Q2	100% · $4.471M	0% · $0M	0% · $0M	Unavailable	Unavailable	100% · $4.471M
FY 2021 Q3	25.49% · $45.888M	0% · $0M	74.51% · $134.157M	Unavailable	Unavailable	100% · $180.045M
FY 2021 Q4	Unavailable	0% · $0M	100% · $176.133M	Unavailable	Unavailable	100% · $176.133M
FY 2022 Q1	7.88% · $14.876M	19.93% · $37.61M	72.19% · $136.228M	Unavailable	Unavailable	100% · $188.714M
FY 2022 Q2	1.48% · $8.868M	17.91% · $107.477M	80.61% · $483.66M	Unavailable	Unavailable	100% · $600.005M
FY 2022 Q3	17.99% · $10.44M	0% · $0M	82.01% · $47.582M	Unavailable	Unavailable	100% · $58.022M
FY 2022 Q4	Unavailable	0% · $0M	100% · $2.817M	Unavailable	Unavailable	100% · $2.817M
FY 2023 Q1	6.41% · $5.631M	0% · $0M	93.59% · $82.275M	Unavailable	Unavailable	100% · $87.906M
FY 2023 Q2	27.85% · $11.581M	Unavailable	72.15% · $30.004M	Unavailable	Unavailable	100% · $41.585M
FY 2023 Q3	100% · $11.212M	0% · $0M	0% · $0M	Unavailable	Unavailable	100% · $11.212M
FY 2023 Q4	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable
FY 2024 Q1	13.04% · $9.395M	Unavailable	86.96% · $62.653M	Unavailable	Unavailable	100% · $72.048M
FY 2024 Q2	1.8% · $3.16M	Unavailable	98.2% · $172.013M	Unavailable	Unavailable	100% · $175.173M
FY 2024 Q3	9.73% · $7.025M	0% · $0M	90.27% · $65.157M	Unavailable	Unavailable	100% · $72.182M
FY 2024 Q4	Unavailable	0% · $0M	100% · $123.796M	Unavailable	Unavailable	100% · $123.796M
FY 2025 Q1	3.48% · $28.4M	Unavailable	96.52% · $787.1M	Unavailable	Unavailable	100% · $815.5M
FY 2025 Q2	10.91% · $24M	Unavailable	89.09% · $195.9M	Unavailable	Unavailable	100% · $219.9M
FY 2025 Q3	100% · $30.1M	0% · $0M	0% · $0M	Unavailable	Unavailable	100% · $30.1M
FY 2025 Q4	Unavailable	0% · $0M	100% · $620.1M	Unavailable	Unavailable	100% · $620.1M
FY 2026 Q1	100% · $54.5M	Unavailable	0% · $0M	Unavailable	Unavailable	100% · $54.5M
FY 2026 Q2	100% · $29.7M	Unavailable	0% · $0M	Unavailable	Unavailable	100% · $29.7M

Sources and calculations

Company filings · USD · Last checked 2026-10-18. Missing inputs remain unavailable. Your chart selection and layout are saved in this browser for Arista Networks.

All charts share the selected dates. Quarterly/Yearly changes fiscal charts; valuation keeps completed daily closes on a published TTM basis. Later restatements can delay that basis. Historical mean, median and pricing labels use the selected range and do not estimate intrinsic fair value.

SBC deduction is an optional economic-cost scenario for FCF-based metrics. Missing SBC never becomes zero.

Revenue: Reported revenue from company filings.
Free cash flow: Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Net margin: Reported net income / revenue × 100.
P/E: Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
ROIC: NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
Capital allocation: Reported cash uses as a percentage of tracked uses. Missing categories remain unavailable; SBC is noncash and excluded.

Reported revenue and sources

Arista Networks financials