Arista Networks, Inc. (ANET) income statement
NYSE · Technology · Computer Hardware · 5,115 employees · CEO Jayshree V. Ullal
- Price
- $168.86 -8.34%
- Market cap
- $213B
- Enterprise value
- $211B
- Last report
- Q2 '26 filed 2026-08-05
- Next report
- 2026-11-03 EPS est. $1.08
Arista Networks, Inc. (ANET) reported revenue of $3.04B for Q2 '26 (+37.7% year on year), operating income of $1.38B (45.4% of revenue) and net income of $1.21B. Over the last four quarters revenue was $10.5B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.51B | $1.54B | $1.57B | $1.69B | $1.81B | $1.93B | $2B | $2.2B | $2.31B | $2.49B | $2.71B | $3.04B | |
| Cost of revenue | $567M | $541M | $570M | $593M | $649M | $699M | $729M | $766M | $818M | $924M | $1.03B | $1.13B | |
| Gross profit | $942M | $999M | $1B | $1.1B | $1.16B | $1.23B | $1.28B | $1.44B | $1.49B | $1.56B | $1.68B | $1.91B | |
| Research & development | $212M | $211M | $208M | $268M | $236M | $285M | $266M | $297M | $326M | $348M | $344M | $348M | |
| Sales & marketing | $102M | $106M | $105M | $104M | $107M | $111M | $117M | $127M | $151M | $139M | $142M | $150M | |
| General & administrative | $25.3M | $42.3M | $27.7M | $25.7M | $33.8M | $35.4M | $34.3M | $29.4M | $34.8M | $43.4M | $33.7M | $33.8M | |
| Operating expenses | $340M | $359M | $341M | $398M | $376M | $431M | $417M | $452M | $512M | $531M | $519M | $532M | |
| Operating income | $603M | $640M | $660M | $700M | $785M | $800M | $859M | $986M | $978M | $1.03B | $1.16B | $1.38B | |
| Interest income | $43.7M | $54M | $63.8M | $71.4M | $85.4M | $90.4M | $90.2M | $90.4M | $99.8M | $103M | $109M | $0 | |
| Other non-operating income (gains on investments, FX ...) | -$41.8M | -$54.5M | -$62.6M | -$70.8M | -$97.6M | -$89.3M | -$96.2M | -$94M | -$98.9M | -$105M | -$114M | -$126M | |
| Total non-operating income | $41.8M | $54.5M | $62.6M | $70.8M | $97.6M | $89.3M | $96.2M | $94M | $98.9M | $105M | $114M | $126M | |
| Income before tax | $645M | $694M | $723M | $770M | $883M | $889M | $955M | $1.08B | $1.08B | $1.14B | $1.27B | $1.5B | |
| Income tax | $99.2M | $80.8M | $85.1M | $105M | $135M | $87.9M | $141M | $191M | $224M | $182M | $249M | $291M | |
| Net income | $545M | $614M | $638M | $665M | $748M | $801M | $814M | $889M | $853M | $956M | $1.02B | $1.21B | |
| 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 | |
| Shares (basic, weighted) | 1.24B | 1.25B | 1.25B | 1.25B | 1.26B | 1.26B | 1.26B | 1.26B | 1.26B | 1.26B | 1.26B | 1.26B | |
| Shares (diluted, weighted) | 1.27B | 1.28B | 1.28B | 1.28B | 1.28B | 1.28B | 1.28B | 1.27B | 1.28B | 1.28B | 1.27B | 1.27B | |
| Depreciation & amortization | $17M | $14.4M | $15.6M | $15.5M | $15.6M | $15.4M | $13.8M | $12.8M | $23.2M | $22.8M | $23.3M | $23.4M | |
| EBITDA | $662M | $709M | $738M | $786M | $899M | $904M | $969M | $1.09B | $1.1B | $1.16B | $1.29B | $1.53B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.13B | $1.65B | $2.15B | $2.41B | $2.32B | $2.95B | $4.38B | $5.86B | $7B | $9.01B | |
| Cost of revenue | $406M | $584M | $778M | $866M | $836M | $1.07B | $1.71B | $2.23B | $2.51B | $3.24B | |
| Gross profit | $723M | $1.06B | $1.37B | $1.54B | $1.48B | $1.88B | $2.68B | $3.63B | $4.49B | $5.77B | |
| Research & development | $274M | $350M | $442M | $463M | $487M | $587M | $728M | $855M | $997M | $1.24B | |
| Sales & marketing | $131M | $155M | $187M | $214M | $229M | $286M | $327M | $399M | $427M | $533M | |
| General & administrative | $75.2M | $86.8M | $65.4M | $61.9M | $66.2M | $83.1M | $93.2M | $119M | $123M | $142M | |
| Other operating expenses | $0 | $0 | $405M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | $480M | $591M | $1.1B | $739M | $782M | $956M | $1.15B | $1.37B | $1.55B | $1.91B | |
| Operating income | $243M | $470M | $273M | $806M | $700M | $925M | $1.53B | $2.26B | $2.94B | $3.86B | |
| Interest income | $3M | $8.09M | $31.7M | $51.1M | $27.1M | $7.22M | $27.6M | $152M | $311M | $383M | |
| Interest expense | $3.14M | $2.78M | $2.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other non-operating income (gains on investments, FX ...) | -$1.95M | -$7.27M | -$18.2M | $0 | $0 | -$6.14M | -$54.7M | -$165M | -$321M | -$394M | |
| Total non-operating income | -$1.18M | $4.49M | $15.5M | $56.5M | $39.2M | $6.14M | $54.7M | $165M | $321M | $394M | |
| Income before tax | $242M | $475M | $289M | $862M | $739M | $931M | $1.58B | $2.42B | $3.27B | $4.25B | |
| Income tax | $58M | $51.6M | -$39.3M | $2.4M | $104M | $90M | $229M | $335M | $413M | $738M | |
| Net income | $184M | $423M | $328M | $860M | $635M | $841M | $1.35B | $2.09B | $2.85B | $3.51B | |
| EPS (basic) | $0.17 | $0.37 | $0.27 | $0.70 | $0.52 | $0.69 | $1.10 | $1.69 | $2.27 | $2.79 | |
| EPS (diluted) | $0.16 | $0.33 | $0.25 | $0.66 | $0.50 | $0.66 | $1.07 | $1.65 | $2.23 | $2.75 | |
| Shares (basic, weighted) | 1.1B | 1.16B | 1.2B | 1.22B | 1.22B | 1.23B | 1.23B | 1.24B | 1.26B | 1.26B | |
| Shares (diluted, weighted) | 1.17B | 1.26B | 1.29B | 1.29B | 1.27B | 1.28B | 1.27B | 1.27B | 1.28B | 1.28B | |
| Depreciation & amortization | $19.7M | $20.6M | $27.7M | $32.8M | $35.2M | $50.3M | $62.7M | $70.6M | $62M | $72.6M | |
| EBITDA | $265M | $498M | $319M | $839M | $735M | $981M | $1.64B | $2.49B | $3.33B | $4.32B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01