Arista Networks (ANET) Financials
Key financial figures for Arista Networks (Q2 2026).
Arista posted its first $3+ billion revenue quarter, with revenue up 37.7% year over year to $3.036 billion and non-GAAP EPS up 40% to $1.02. Revenue reached $3.036 billion, up 37.7% year over year and up 12.1% sequentially, the company's first quarter above $3 billion. GAAP and non-GAAP operating margin were 45.4% and 49.9% respectively, both up from 44.7% and 48.8% a year earlier. GAAP diluted EPS was $0.95 (up from $0.70) and non-GAAP diluted EPS was $1.02 (up from $0.73), a 40% year-over-year increase. Non-GAAP gross margin was 63.4%, down from 65.6% a year ago, which the release attributed to end-customer mix and anticipated supply chain cost increases for memory and silicon. On the outlook: For Q3 2026, Arista guided to revenue of approximately $3.3 billion, non-GAAP operating margin of 48-49%, and non-GAAP diluted EPS between $1.06 and $1.08. Figures are for Q2 2026, as Arista Networks, Inc. reported them.
- Revenue
- $3.0B
- Net Income
- $1.2B
- EPS
- $0.96
- Total Assets
- $23.7B
- Operating Cash Flow
- $1.1B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| 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 |
| Q2 FY2025 | $2.2B | $889M | $0.70 | 44.73% | $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 $3.04 billion for Q2 FY2026, up 37.7% from the same period a year earlier.
Is Arista Networks, Inc. profitable?
Yes. Arista Networks, Inc. reported net income of $1.21 billion for Q2 FY2026, a net margin of 39.95% on revenue.
How has Arista Networks, Inc.'s margin trended?
Operating margin was 45.39% in Q2 FY2026, compared with 44.73% 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 $1.05 billion in Q2 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.