Arista NetworksANETEarnings & Financial Report
Arista Networks, Inc. is an American computer networking company headquartered in Santa Clara, California. The company designs and sells multilayer network switches to deliver software-defined networking (SDN) for large datacenter, cloud computing, high-performance computing, and high-frequency trading environments. These products include 10/25/40/50/100/200/400/800 gigabit low-latency cut-through Ethernet switches. Arista's Linux-based network operating system, Extensible Operating System (E...
ANET Q1 FY2026 Key Financial Metrics
Revenue
$2.7B
Gross Profit
$1.7B
Operating Profit
$1.2B
Net Profit
$1.0B
Gross Margin
61.9%
Operating Margin
42.7%
Net Margin
37.8%
YoY Growth
35.1%
EPS
$0.80
Arista Networks Q1 FY2026 Financial Summary
Arista Networks reported revenue of $2.7B (up 35.1% YoY) for Q1 FY2026, with a net profit of $1.0B (37.8% margin). Cost of goods sold was $1.0B, operating expenses totaled $519.0M.
Key Financial Metrics
| Total Revenue | $2.7B |
|---|---|
| Net Profit | $1.0B |
| Gross Margin | 61.9% |
| Operating Margin | 42.7% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Arista Networks Q1 FY2026 revenue of $2.7B breaks down across 2 segments, led by Product at $2.3B (85.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Product | $2.3B | 85.3% |
| Service | $397.7M | 14.7% |
Arista Networks Annual Revenue by Year
Arista Networks annual revenue history includes year-by-year totals (for example, 2025 revenue was $9.0B).
Arista Networks Quarterly Revenue & Net Profit History
Arista Networks results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $2.7B | +35.1% | $1.0B | 37.8% |
| Q4 FY2025 | $2.5B | +28.9% | $955.8M | 38.4% |
| Q3 FY2025 | $2.3B | +27.5% | $853.0M | 37.0% |
| Q2 FY2025 | $2.2B | +30.4% | $888.8M | 40.3% |
| Q1 FY2025 | $2.0B | +27.6% | $813.8M | 40.6% |
| Q4 FY2024 | $1.9B | +25.3% | $801.0M | 41.5% |
| Q3 FY2024 | $1.8B | +20.0% | $747.9M | 41.3% |
| Q2 FY2024 | $1.7B | +15.9% | $665.4M | 39.4% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.69B | $1.81B | $1.93B | $2.00B | $2.20B | $2.31B | $2.49B | $2.71B |
| YoY Growth | 15.9% | 20.0% | 25.3% | 27.6% | 30.4% | 27.5% | 28.9% | 35.1% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $11.62B | $12.85B | $14.04B | $14.51B | $16.53B | $18.05B | $19.45B | $21.66B |
| Liabilities | $3.19B | $3.60B | $4.05B | $4.40B | $5.63B | $6.14B | $7.08B | $8.17B |
| Equity | $8.43B | $9.25B | $9.99B | $10.12B | $10.90B | $11.91B | $12.37B | $13.49B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $989.0M | $1.17B | $1.03B | $641.7M | $1.20B | $1.27B | $1.26B | $1.69B |