Arista Networks (ANET)
Builds EOS-based Ethernet networks for AI clusters, data centers, campuses, and branches.
$202.20
vs last close−3.00 (−1.46%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,509 | 1,540 | 1,571 | 1,690 | 1,811 | 1,930 | 2,005 | 2,205 | 2,308 | 2,488 | 2,709 | 3,036 |
| Cost of revenue | 567 | 541 | 570 | 593 | 649 | 699 | 729 | 766 | 818 | 924 | 1,032 | 1,125 |
| Gross profit | 942 | 999 | 1,001 | 1,097 | 1,162 | 1,231 | 1,276 | 1,439 | 1,490 | 1,564 | 1,677 | 1,910 |
| 340 | 359 | 341 | 398 | 376 | 431 | 417 | 452 | 512 | 531 | 519 | 532 | |
| Research & development | 212 | 211 | 208 | 268 | 236 | 285 | 266 | 297 | 326 | 348 | 344 | 348 |
| 127 | 148 | 133 | 130 | 141 | 146 | 151 | 156 | 186 | 183 | 175 | 184 | |
| Selling & marketing | 102 | 106 | 105 | 104 | 107 | 111 | 117 | 127 | 151 | 139 | 142 | 150 |
| General & administrative | 25 | 42 | 28 | 26 | 34 | 35 | 34 | 29 | 35 | 43 | 34 | 34 |
| Operating income | 603 | 640 | 660 | 700 | 785 | 800 | 859 | 986 | 978 | 1,033 | 1,158 | 1,378 |
| 42 | 54 | 63 | 71 | 98 | 89 | 96 | 94 | 99 | 105 | 114 | 126 | |
| Interest income | 44 | 54 | 64 | 71 | 85 | 90 | 90 | 90 | 100 | 103 | 109 | 0 |
| Other non-operating income | 0 | −54 | −63 | −71 | −98 | −89 | −96 | −94 | −99 | −105 | −114 | −126 |
| Income before tax | 645 | 694 | 723 | 770 | 883 | 889 | 955 | 1,080 | 1,077 | 1,137 | 1,271 | 1,504 |
| Income tax expense | 99 | 81 | 85 | 105 | 135 | 88 | 141 | 191 | 224 | 182 | 249 | 291 |
| Net income from continuing operations | 545 | 614 | 638 | 665 | 748 | 801 | 814 | 889 | 853 | 956 | 1,023 | 1,213 |
| Net income | 545 | 614 | 638 | 665 | 748 | 801 | 814 | 889 | 853 | 956 | 1,023 | 1,213 |
| EPS, basic | $0.44 | $0.49 | $0.51 | $0.53 | $0.60 | $0.64 | $0.65 | $0.71 | $0.68 | $0.76 | $0.81 | $0.96 |
| EPS, diluted | $0.43 | $0.48 | $0.50 | $0.52 | $0.58 | $0.62 | $0.64 | $0.70 | $0.67 | $0.75 | $0.80 | $0.95 |
| Weighted average shares, basic | 1,241 | 1,246 | 1,252 | 1,255 | 1,258 | 1,260 | 1,260 | 1,256 | 1,258 | 1,258 | 1,258 | 1,259 |
| Weighted average shares, diluted | 1,271 | 1,275 | 1,279 | 1,280 | 1,282 | 1,283 | 1,279 | 1,271 | 1,277 | 1,276 | 1,274 | 1,275 |
| EBITDA | 620 | 709 | 738 | 786 | 899 | 904 | 969 | 1,093 | 1,100 | 1,160 | 1,295 | 1,551 |
| Depreciation & amortization | 17 | 14 | 16 | 16 | 16 | 15 | 14 | 13 | 23 | 23 | 23 | 47 |
| EBIT | 603 | 694 | 723 | 770 | 883 | 889 | 955 | 1,080 | 1,077 | 1,137 | 1,271 | 1,504 |