ANET
Arista Networks, Inc.
Stock
$207.35+2.86 (+1.40%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.5B | $9.0B | $7.0B | $5.9B | $4.4B | $2.9B | $2.3B | $2.4B | $2.2B | $1.6B | $1.1B | $838M | $584M | $361M | $193M |
| Cost of revenue | $3.9B | $3.2B | $2.5B | $2.2B | $1.7B | $1.1B | $836M | $866M | $778M | $584M | $406M | $294M | $192M | $123M | $61M |
| Gross profit | $6.6B | $5.8B | $4.5B | $3.6B | $2.7B | $1.9B | $1.5B | $1.5B | $1.4B | $1.1B | $723M | $544M | $392M | $239M | $132M |
| R&D | $1.4B | $1.2B | $997M | $855M | $728M | $587M | $487M | $463M | $442M | $350M | $274M | $209M | $149M | $99M | $55M |
| SG&A | $728M | $675M | $550M | $518M | $420M | $369M | $296M | $276M | $253M | $242M | $206M | $185M | $118M | $74M | $37M |
| Other operating expenses | — | — | — | — | — | — | — | — | $405M | — | — | — | — | — | — |
| Operating income | $4.5B | $3.9B | $2.9B | $2.3B | $1.5B | $925M | $700M | $806M | $273M | $470M | $243M | $149M | $126M | $66M | $40M |
| Non-operating income | $443M | $394M | $321M | $165M | $55M | $6.1M | $39M | $56M | $15M | $4.5M | −$1.2M | −$3.3M | −$4.0M | −$7.9M | −$6.9M |
| Pretax income | $5.0B | $4.2B | $3.3B | $2.4B | $1.6B | $931M | $739M | $862M | $289M | $475M | $242M | $146M | $122M | $58M | $33M |
| Taxes | $946M | $738M | $413M | $335M | $229M | $90M | $104M | $2.4M | −$39M | $52M | $58M | $25M | $35M | $16M | $12M |
| Net income | $4.0B | $3.5B | $2.9B | $2.1B | $1.4B | $841M | $635M | $860M | $328M | $423M | $184M | $121M | $87M | $42M | $21M |
| Diluted EPS | $3.17 | $2.75 | $2.23 | $1.65 | $1.07 | $0.66 | $0.50 | $0.67 | $0.25 | $0.33 | $0.16 | $0.10 | $0.08 | $0.05 | $0.02 |
| Diluted shares | — | 1.28B | 1.28B | 1.27B | 1.27B | 1.28B | 1.27B | 1.29B | 1.29B | 1.26B | 1.17B | 1.14B | 873.4M | 480.8M | 398.4M |
| Revenue growth | — | +28.6% | +19.5% | +33.8% | +48.6% | +27.2% | −3.9% | +12.1% | +30.7% | +45.8% | +34.8% | +43.4% | +61.7% | +86.8% | — |
| Gross margin | 63.0% | 64.1% | 64.1% | 61.9% | 61.1% | 63.8% | 63.9% | 64.1% | 63.8% | 64.5% | 64.0% | 64.9% | 67.1% | 66.0% | 68.3% |
| Operating margin | 43.1% | 42.8% | 42.0% | 38.5% | 34.9% | 31.4% | 30.2% | 33.4% | 12.7% | 28.6% | 21.6% | 17.8% | 21.5% | 18.3% | 20.6% |
| Net margin | 38.4% | 39.0% | 40.7% | 35.6% | 30.9% | 28.5% | 27.4% | 35.7% | 15.3% | 25.7% | 16.3% | 14.5% | 14.9% | 11.8% | 11.0% |