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. In the quarter to June 2026, revenue grew 37.7%, EPS grew 35.2% and free cash flow fell 10.4%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years, operating cash flow growth for three.
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Arista Networks, Inc. (ANET) Gross margin
Arista Networks, Inc.'s gross margin over the twelve months to 30 June 2026 was 63.0%, down 1.1 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 37.8% and above the Technology sector median of 47.2%.
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) |
|---|---|---|
| Jun 2026 | 62.9% | 1.03 |
| Mar 2026 | 61.9% | (0.96) |
| Dec 2025 | 62.9% | (1.70) |
| Sep 2025 | 64.6% | (0.69) |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| SNDK Sandisk Corporation compare | 71.5% |
| P Everpure, Inc. compare | 69.7% |
| ANET Arista Networks, Inc. | 63.0% |
| WDC Western Digital Corporation compare | 48.9% |
| STX Seagate Technology Holdings PLC compare | 45.6% |
| LOGI Logitech International S.A. compare | 45.1% |
| HPQ HP Inc. compare | 19.9% |
| DELL Dell Technologies Inc. compare | 19.8% |
| SMCI Super Micro Computer, Inc. compare | 10.8% |
| Computer Hardware industry median | 37.8% |
| Technology sector median | 47.2% |
| Market median | 46.2% |
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
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