Arista Networks, Inc.

ANET Technology Computer Hardware

Arista Networks, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.0 billion, up 28.6% from fiscal 2024.

Revenue
+58.5%
EPS
+81.8%
Free cash flow
−11.1%

Quarter to September 2026, against a year earlier

169.35 10.19 +6.40%
Market cap
$200.7B
P/E
45.0×
Fwd P/E
44.3×
Dividend yield
—
F-score
4/9
Altman Z
16.45
Beneish M
−2.24
Dividend safety
n/a

Arista Networks, Inc. (ANET) Gross margin

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Arista Networks, Inc.'s gross margin over the twelve months to 30 September 2026 was 62.9%, down 1.2 percentage points from fiscal 2025 (64.1%). Over the past ten years it has ranged from 61.1% (fiscal 2022) to 64.9% (fiscal 2015); the current reading is higher than 73% of that period. That is above the Computer Hardware industry median of 34.7% and above the Technology sector median of 46.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 64.1% (0.07)
FY2024 64.1% 2.18
FY2023 62.0% 0.88
FY2022 61.1% (2.73)
FY2021 63.8% (0.14)
FY2020 63.9% (0.12)
FY2019 64.1% 0.22
FY2018 63.8% (0.66)
FY2017 64.5% 0.46
FY2016 64.0% (0.86)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 63.6% 0.66
Jun 2026 62.9% 1.03
Mar 2026 61.9% (0.96)
Dec 2025 62.9% (1.70)
43 more quarters

Against its own ten years

Low 61.1% High 64.9%
Ten-year median 64.0%
Current reading's percentile 19

Gross margin against peers

Company Gross margin
SNDK Sandisk Corporation compare 80.0%
P Everpure, Inc. compare 69.7%
ANET Arista Networks, Inc. 62.9%
WDC Western Digital Corporation compare 52.6%
STX Seagate Technology Holdings PLC compare 50.4%
LOGI Logitech International S.A. compare 45.5%
HPQ HP Inc. compare 19.9%
DELL Dell Technologies Inc. compare 19.8%
SMCI Super Micro Computer, Inc. compare 11.7%
Computer Hardware industry median 34.7%
Technology sector median 46.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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