Arista Networks, Inc.

Arista Networks, Inc.

ANET.TO
Arista Networks, Inc.CA flagToronto Stock Exchange
37.12
CAD
+0.52
- -
352.82MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.04
0.1
0.1
0.13
0.19
0.24
0.26
0.25
0.31
0.47
0.62
0.73
0.94
1.1
Basic EPS, GAAP
- -
0.01
0.02
0.02
0.05
0.04
0.09
0.07
0.09
0.14
0.22
0.3
0.37
0.42
Free Cash Flow per Basic Share
- -
0.02
0.03
0.02
0.07
0.05
0.1
0.08
0.1
0.05
0.21
0.38
0.44
0.54
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.07
0.53
0.72
0.98
1.41
1.77
2.37
2.72
3.23
3.98
5.78
7.92
9.85
11.73
Tangible Book Value per Share
0.07
0.53
0.72
0.98
1.41
1.68
2.29
2.47
3
3.66
5.49
7.71
9.51
11.2
Basic Weighted Avg Shares
9,320
5,915
8,057
8,399
8,825
9,130
9,320
9,280
9,359
9,358
9,446
9,590
9,603
9,607
Sales/Revenue/Turnover
361
584
838
1,129
1,646
2,151
2,411
2,318
2,948
4,381
5,860
7,003
9,006
10,541
Operating Margin (%)
18.31
21.49
17.83
21.56
28.57
31.53
33.42
30.19
31.37
34.86
38.52
42.05
42.82
43.14
Depreciation Expense
5
10
14
20
21
28
33
35
50
63
71
62
73
93
Net Income, GAAP
42
87
121
184
423
328
860
635
841
1,352
2,087
2,852
3,511
4,045
Effective Tax Rate (%)
27.14
28.52
17.06
23.96
10.86
- -
0.28
14.12
9.67
14.5
13.82
12.65
17.37
18.95
Profit Margin (%)
11.75
14.87
14.46
16.31
25.71
15.25
35.67
27.38
28.52
30.87
35.62
40.73
38.99
38.37
Working Capital
73
535
739
1,067
1,737
2,108
2,875
3,069
3,703
4,257
6,481
9,179
11,010
13,345
LT Debt
43
43
41
40
38
35
83
72
57
44
- -
- -
- -
- -
Total Equity
78
556
788
1,108
1,662
2,143
2,895
3,320
3,979
4,886
7,219
9,995
12,370
14,798
Return on Invested Capital (%)
26.7
21.85
17.3
18.72
29.52
- -
31.24
18.89
22.51
29.16
32.07
29.9
28.49
28.68
Return on Capital (%)
26.3
22.28
17.3
18.86
29.9
- -
33.35
19.92
22.64
30.17
34.36
33.14
31.4
31.48
Return on Common Equity (%)
100.31
27.69
18.02
19.43
30.56
17.25
34.13
20.42
23.04
30.51
34.49
33.14
31.4
31.48

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,256
1,259
1,261
Market Capitalization
21,877
20,215
27,207

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
16,387
18,557
20,163
Cash, Cash Equivalents & STI
10,743
12,353
13,343
Accounts Receivable, Net
1,887
1,924
2,266
Inventories
2,247
2,380
2,535
Total Current Liabilities
5,376
6,560
6,818
Payables & Accruals
1,127
1,050
1,179
ST Debt
- -
- -
- -
Deferred Revenue
4,003
4,910
5,101

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
32.19%
30.52%
23.77%
Free Cash Flow
74.97%
84.99%
15.67%
Net Income, GAAP
50.27%
41.49%
23.12%
Sales/Revenue/Turnover
27.71%
31.54%
28.6%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,571
1,690
1,811
1,930
7,003
2025
2,005
2,205
2,308
2,488
9,006
2026
2,709
3,036
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.07
0.08
0.08
0.3
2025
0.08
0.09
- -
0.1
0.37
2026
0.11
0.13
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Jayshree V. Ullal
Full Time Employees
5,115
Sector
Technology
Industry
Computer Hardware
Address
5453 Great America Parkway Santa Clara CA United States of America 95054
IPO Date
Dec 22, 2025
Website
arista.com
Business
Arista Networks, Inc. develops and supplies data-driven, client-to-cloud networking solutions for large artificial-intelligence, cloud data center, enterprise campus, branch and routing environments. The Company’s offerings comprise high-performance Ethernet switching and routing platforms, including modular spine, leaf, fixed-configuration, low-latency and high-capacity systems; 7000 Series data center switches and routers; 7800R and 7700R routing platforms; 7060, 7280 and 7050 series fixed switches; 7130 Series ultra-low-latency switches for financial-services and high-frequency-trading applications; campus wired switching, Wi-Fi access points and cognitive wireless networking; Etherlink AI networking platforms and AI fabrics; and network operating, automation, observability, security and management software. Its software portfolio includes the Extensible Operating System (EOS), a Linux-based network operating system; CloudVision, which provides network-wide provisioning, orchestration, telemetry, analytics, change control and automation; CloudVision CUE for cognitive unified edge management; Arista Validated Designs; and associated network-security, segmentation, zero-trust and cloud wide-area-networking capabilities. The Company also provides technical support, maintenance, professional services, implementation assistance and training. Arista sells principally to cloud service providers, Internet companies, financial-services firms, telecommunications providers and enterprise customers, and operates globally through offices and sales channels in the Americas, Europe, the Middle East, Africa and Asia-Pacific. Founded and incorporated in 2008, with origins in Arastra established in 2004, Arista is headquartered in Santa Clara, California. Recent strategic developments include the July 2025 acquisition of Broadcom’s VeloCloud SD-WAN portfolio, expanding Arista’s AI-driven campus and branch portfolio with cloud WAN capabilities; the introduction of AI-driven Zero Trust Branch solutions; and the August 2026 launch of the 7060XE7 Series, a 1.6-terabit Etherlink portfolio for AI fabrics offering up to 100 Tbps of system bandwidth and liquid-cooled configurations for scale-up, scale-out and scale-across AI networks.