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) Operating margin
Arista Networks, Inc.'s operating margin over the twelve months to 30 June 2026 was 43.1%, up 0.3 percentage points from fiscal 2025 (42.8%). Over the past ten years it has ranged from 12.7% (fiscal 2018) to 42.8% (fiscal 2025) — the current reading is the highest in ten years. That is above the Computer Hardware industry median of −0.80% and above the Technology sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 42.8% | 0.77 |
| FY2024 | 42.1% | 3.53 |
| FY2023 | 38.5% | 3.66 |
| FY2022 | 34.9% | 3.49 |
| FY2021 | 31.4% | 1.18 |
| FY2020 | 30.2% | (3.23) |
| FY2019 | 33.4% | 20.71 |
| FY2018 | 12.7% | (15.86) |
| FY2017 | 28.6% | 7.01 |
| FY2016 | 21.6% | 3.73 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 45.4% | 2.65 |
| Mar 2026 | 42.7% | 1.22 |
| Dec 2025 | 41.5% | (0.86) |
| Sep 2025 | 42.4% | (2.35) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| SNDK Sandisk Corporation compare | 61.2% |
| ANET Arista Networks, Inc. | 43.1% |
| WDC Western Digital Corporation compare | 34.5% |
| STX Seagate Technology Holdings PLC compare | 33.6% |
| LOGI Logitech International S.A. compare | 17.7% |
| DELL Dell Technologies Inc. compare | 9.43% |
| SMCI Super Micro Computer, Inc. compare | 7.09% |
| HPQ HP Inc. compare | 5.45% |
| P Everpure, Inc. compare | 5.26% |
| Computer Hardware industry median | −0.80% |
| Technology sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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