Arista Networks (ANET) Financials
Key financial figures for Arista Networks (Q3 2026).
Arista reported Q3 2026 revenue of $3.66 billion, up 58.5% year over year, its fastest growth since the IPO, against its own guidance of $3.3 billion. Revenue was $3,657.6 million, up 58.5% from $2,308.3 million in Q3 2025 and up 20.5% from Q2 2026. The release says this exceeded the company's guidance of $3.3 billion. Product revenue rose to $3,190.0 million from $1,911.7 million (up 66.9%, calculated) and service revenue rose to $467.6 million from $396.6 million (up 17.9%, calculated). GAAP operating margin was 44.9% (42.4% a year earlier) and non-GAAP operating margin was 49.1% (48.6%). On the outlook: Q4 2026: revenue of $3.9 - $4.0 billion; non-GAAP operating margin of 48 - 49%; non-GAAP diluted net income per share of $1.26 - $1.30. Figures are for Q3 2026, as Arista Networks, Inc. reported them.
- Revenue
- $3.7B
- Net Income
- $1.6B
- EPS
- $1.24
- Total Assets
- $25.3B
- Operating Cash Flow
- $1.2B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $3.7B | $1.6B | $1.22 | 44.9% | $1.1B |
| Q2 FY2026 | $3.0B | $1.2B | $0.95 | 45.39% | $1.1B |
| Q1 FY2026 | $2.7B | $1.0B | $0.80 | 42.74% | $1.6B |
| Q4 FY2025 | $2.5B | $956M | $0.75 | 41.52% | $1.2B |
| Q3 FY2025 | $2.3B | $853M | $0.67 | 42.38% | $1.2B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $9.0B | $3.5B | $2.75 | 42.82% | $4.3B |
| FY2024 | $7.0B | $2.9B | $2.23 | 42.05% | $3.7B |
| FY2023 | $5.9B | $2.1B | $1.65 | 38.52% | $2.0B |
Frequently asked questions
What was Arista Networks, Inc.'s revenue last quarter?
Arista Networks, Inc. reported revenue of $3.66 billion for Q3 FY2026, up 58.5% from the same period a year earlier.
Is Arista Networks, Inc. profitable?
Yes. Arista Networks, Inc. reported net income of $1.56 billion for Q3 FY2026, a net margin of 42.66% on revenue.
How has Arista Networks, Inc.'s margin trended?
Operating margin was 44.9% in Q3 FY2026, compared with 42.38% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Arista Networks, Inc. generate?
Arista Networks, Inc. generated free cash flow of $1.10 billion in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Arista Networks on SentiSense, with up to forty quarters and twenty fiscal years of history.