ANET on NYSE

Arista Networks

Logo: Brandlogos.net, Public domain, via Wikimedia Commons5

American information technology company

Arista Networks, Inc. is an American provider of client to cloud networking services for large data center/AI, campus and routing environments.3 From Wikipedia, CC BY-SA 4.0

$185.28 down 10.14 (5.19%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

Oct 2004Founded1

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  • TickerANET on NYSE1
  • Industrycomputer network1
  • HeadquartersSanta Clara1
  • Websitewww.arista.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address5453 Great America Parkway, Santa Clara, Ca 950546
  • Filer categoryLarge accelerated filer6

Arista Networks, Inc. is an American provider of client to cloud networking services for large data center/AI, campus and routing environments.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

64.1%Gross margin8
42.8%Operating margin8
39.0%Net margin8
28.6%Revenue growth, 20258
28.4%Return on equity8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 84% of the revenue Arista Networks broke down this way in fiscal 2025.

  1. Product$7.6B884%up 29% from 2024
  2. Service$1.4B816%up 28% from 2024
Products and services by year
Products and services202320242025
Product$5.0B$5.9B$7.6B
Service$830.7M$1.1B$1.4B

Regions

Americas brought in 44% of the revenue Arista Networks broke down this way in fiscal 2025.

  1. Americas$7.1B844%up 24% from 2024
  2. United States$7.1B844%up 25% from 2024
  3. EMEA$1.1B87%up 50% from 2024
  4. Asia Pacific$813.3M85%up 45% from 2024
Regions by year
Regions202320242025
Americas$4.7B$5.7B$7.1B
United States$4.5B$5.7B$7.1B
EMEA$671.0M$713.2M$1.1B
Asia Pacific$538.0M$560.9M$813.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue36¢$3.2B
  • Research and development14¢$1.2B
  • Other costs3¢$281.7M
  • Income tax8¢$738.3M
  • Profit39¢$3.5B

Out of $9.0B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks37¢$1.6B
  • Kept or used elsewhere63¢$2.8B

Out of $4.4B of cash from operations.8

Financial statements

Revenue91011128$9.0B in 2025+274% since 2019
0$2.5B$5.0B$7.5B$10.0B2019: $2.4B$2.4B20192020: $2.3B$2.3B2020−4%2021: $2.9B$2.9B2021+27%2022: $4.4B$4.4B2022+49%2023: $5.9B$5.9B2023+34%2024: $7.0B$7.0B2024+20%2025: $9.0B$9.0B2025+29%
Gross profit91011128$5.8B in 2025+274% since 2019
0$2.0B$4.0B$6.0B2019: $1.5B$1.5B20192020: $1.5B$1.5B2020−4%2021: $1.9B$1.9B2021+27%2022: $2.7B$2.7B2022+42%2023: $3.6B$3.6B2023+36%2024: $4.5B$4.5B2024+24%2025: $5.8B$5.8B2025+28%
Operating income91011128$3.9B in 2025+379% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $805.8M$805.8M20192020: $699.7M$699.7M2020−13%2021: $924.7M$924.7M2021+32%2022: $1.5B$1.5B2022+65%2023: $2.3B$2.3B2023+48%2024: $2.9B$2.9B2024+30%2025: $3.9B$3.9B2025+31%
Net income91011128$3.5B in 2025+308% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $859.9M$859.9M20192020: $634.6M$634.6M2020−26%2021: $840.9M$840.9M2021+33%2022: $1.4B$1.4B2022+61%2023: $2.1B$2.1B2023+54%2024: $2.9B$2.9B2024+37%2025: $3.5B$3.5B2025+23%

Every line of the income statement in the latest annual report, as filed.8

Period ending2025-12-312024-12-312023-12-31
Total revenue$9.0B$7.0B$5.9B
Total cost of revenue$3.2B$2.5B$2.2B
Gross profit$5.8B$4.5B$3.6B
Research and development$1.2B$996.7M$854.9M
Sales and marketing$533.4M$427.3M$399.0M
General and administrative$141.9M$122.7M$119.1M
Total operating expenses$1.9B$1.5B$1.4B
Income from operations$3.9B$2.9B$2.3B
Other income, net$393.6M$320.5M$164.7M
Income before income taxes$4.2B$3.3B$2.4B
Provision for income taxes$738.3M$413.0M$334.7M
Net income$3.5B$2.9B$2.1B
Basic (in dollars per share)$2.79$2.27$1.69
Diluted (in dollars per share)$2.75$2.23$1.65
Basic (in shares)1.3B shares1.3B shares1.2B shares
Diluted (in shares)1.3B shares1.3B shares1.3B shares

Compare Arista Networks with another company

The story

Arista Networks was founded and incorporated in 2008, evolving from its roots in Arastra, established in 2004. Arista went public as ANET in 2014 and entered the S&P 100 in 2026 and was recognized on the 2026 Fortune 500 list of the largest United States corporations by revenue. It provides cloud and AI high performance networking. Members of Arista’s leadership team have experience in networking and innovation.

In June 2014, Arista Networks had its initial public offering on the New York Stock Exchange under the symbol ANET.

In December 2014, Cisco filed two lawsuits against Arista alleging intellectual property infringement., and the United States International Trade Commission issued limited exclusion and cease-and-desist orders concerning two of the features patented by Cisco and upheld an import ban on infringing products. In 2016, on appeal, the ban was reversed following product changes and two overturned Cisco patents, and Cisco's claim was dismissed. In August 2018, Arista agreed to pay Cisco US$400 million as part of a settlement that included a release for all claims of infringement by Cisco, dismissal of Arista's antitrust claims against Cisco, and a 5-year stand-down between the companies.

In August 2018, Arista Networks acquired Mojo Networks. In September 2018, Arista Networks acquired Metamako and integrated its low-latency product line as the 7130 series. In February 2020, Arista acquired Big Switch Networks. In October 2020, Arista acquired Awake Security.

Arista's CEO, Jayshree Ullal, was named to Barron's list of World's Best CEOs in 2018 and 2019.

In August 2022, Arista Networks acquired Pluribus Networks, a unified cloud network company, for an undisclosed sum.

In July 2025, Arista expanded its AI-driven campus and branch networking offerings and acquired the VeloCloud SD-WAN portfolio from Broadcom. This combination of innovations has the potential to bring operational ease through zero touch operations, proactive monitoring, and automated troubleshooting across the broad set of client-to-cloud networking domains.

Jayshree Ullal was named on the Fortune Most Powerful Women 2026 list.

From Wikipedia’s article on Arista Networks, shared under CC BY-SA 4.0.7

Products and brands

  • networking hardware

Listed on Wikidata.1

Extensible Operating System

Arista Extensible Operating System (EOS) is a network operating system with a feature set optimized for data center, campus and routing network use-cases across Cloud, AI, Enterprise, and Service Provider environments. Built on modern cloud operations principles, EOS operates as a single software base across Arista’s entire hardware portfolio, while also supporting virtualized (vEOS) and containerized (cEOS) deployments.

Core Architecture and State-Sharing Model

EOS is a networking stack built on an unmodified Linux kernel. Its design philosophy is a multi-process state-sharing architecture that completely separates state information from operational processes, unlike legacy operating systems that rely on monolithic kernels with fate-sharing code paths.

Protocol processing, security functions, and hardware drivers run entirely in the user address space as independent processes called agents. The center of this architecture is an in-memory database, SysDB, that governs system state via a streamlined publish/subscribe model:

State Decoupling: Agents never communicate directly with one another. Instead, they publish state changes to the central database, which automatically streams asynchronous notifications to any agents subscribed to those specific state types.

Read the full text

Software Fault Containment: Because services are strictly isolated in user space, a software defect or crash in one agent does not trigger a full system failure.

Stateful Restarts: If an agent restarts, it instantly re-subscribes to the central database and picks up exactly where it left off, achieving sub-50ms fault recovery and fast network convergence without rebuilding its state from scratch.

High Availability and Hitless Upgrades

Built explicitly for mission-critical production environments, EOS delivers high availability through its design:

Hitless Software Patches: Operators can apply hotfixes, often for security vulnerability patches, to an individual process level in real-time. The targeted agent restarts cleanly without impacting other system processes or disturbing the underlying data forwarding plane.

Smart System Upgrades (SSU): EOS supports hitless full-image upgrades. By leveraging accelerated software restarts, EOS upgrades the entire operating system image while maintaining continuous packet forwarding, helping to eliminate the need for planned downtime.

Evolution to Network-Wide State: Sysdb and NetDL

Device-level state sharing has historically been governed by SysDB, Arista's multi-process state repository present in every EOS instance. Modern EOS infrastructure expands this foundation into a Network Data Lake (NetDL). NetDL extends the EOS architecture beyond a single switch, centralizing and streaming device-level and network-wide states in real-time to a centralized repository. This functions as a network-wide software foundation for comprehensive visibility and predictive analytics, and serves as the basis for centralized management applications like Arista CloudVision.

Programmability and Modern NetDevOps

The pure Linux foundation of EOS allows the deployment of native Linux tools directly on the switch alongside modern DevOps frameworks. To support modern NetDevOps pipelines—treating network infrastructure as code—EOS offers an extensive programmability toolset:

eAPI (External API): A JSON-RPC based interface that allows operators to execute CLI commands remotely and retrieve outputs as structured JSON key-value pairs, eliminating brittle legacy screen-scraping methods.

EOS SDK: A native software development kit enabling operators to write custom, high-performance C++ or Python applications that run natively on the switch with direct programmatic access to the underlying hardware forwarding tables.

Modern Telemetry: Operating via open standards (like OpenConfig and gRPC), EOS continuously streams real-time system states directly to central monitoring fabrics like CloudVision for granular, historic forensic analysis.

Ethernet switches

Arista's switching portfolio spans cloud, AI, enterprise campus, routing, and ultra-low-latency environments. The product families include:

7800R4 and 7800R3 Series

High-performance modular routing and AI networking platforms designed for hyperscale cloud, AI, service provider, and large enterprise deployments. The 7800R family delivers scalable 400G and 800G Ethernet connectivity, advanced routing capabilities, deep buffering, and high-density spine architectures for next-generation AI clusters and data center fabrics.

7700R4 Series

Distributed Etherlink™ switching platforms optimized for large-scale AI networks. The 7700R4 family enables ultra-high-bandwidth AI cluster interconnects with support for 400G and 800G Ethernet, low-latency transport, and scalable AI fabric architectures.

7500R3 Series

Modular universal spine and routing systems providing deep-buffer performance, large routing tables, and cloud-scale resiliency. Designed for data center, cloud, and service provider networks requiring high-performance routing and switching at scale.

7388X5 Series

Compact modular spine switches delivering high-density 400GbE connectivity for modern data center and AI network architectures. The platform combines scalability, operational efficiency, and investment protection for evolving cloud infrastructures.

7280R4 and 7280R3 Series

Universal leaf, spine, and routing platforms featuring deep-buffer Virtual Output Queuing (VOQ) architecture. Available in multiple fixed-form-factor configurations supporting 10GbE through 400GbE interfaces, these systems are widely deployed in cloud, enterprise, and service provider environments.

7060X6 & XE7 Series

High-density data center switches supporting 100GbE, 400GbE, 800GbE and 1.6Tbps Ethernet connectivity. Designed for AI/ML workloads, cloud-scale applications, and next-generation data center fabrics.

7060X5, 7060X4, and 7050X Series

Fixed-configuration leaf and spine switches providing high-performance Ethernet connectivity from 10GbE through 400GbE. These platforms offer low latency, high port density, and flexible deployment options for enterprise and cloud data centers.

720XP, 722XPM, 720D, and 710P Campus Series

Enterprise access switches delivering multi-gigabit Ethernet, PoE/PoE++, MACsec encryption, and advanced telemetry capabilities. These systems form the foundation of Arista's Cognitive Campus architecture.

750 Series Modular Campus Switches

High-performance modular campus platforms providing scalable aggregation and core networking services for large enterprise environments, supporting integrated wired and wireless operations.

7130 Series

Ultra-low-latency programmable switching platforms combining FPGA acceleration, Layer 1 switching, packet capture, and advanced market-data processing capabilities. Widely deployed in financial trading, telecommunications, and specialized low-latency environments.

7170 Series

Programmable switching platforms supporting customized packet processing, advanced telemetry, and application-specific networking functions using programmable data plane technologies.

All platforms operate on Arista EOS® (Extensible Operating System), providing a consistent software architecture, automation framework, telemetry, observability, and operational model across data center, campus, WAN, and cloud deployments.

Key Deployment Areas

Arista Ethernet switches are widely deployed across:

AI and GPU cluster networking

Hyperscale cloud data centers

Enterprise data centers

Service provider networks

Campus and branch environments

Financial trading infrastructure

High-performance computing (HPC) environments

The combination of high-performance switching, cloud-scale routing, low-latency networking, and a common EOS software platform enables organizations to build scalable, resilient, and AI-ready network infrastructures.

Wireless, Security, Observability, and SD-WAN Solutions

Beyond its Ethernet switching and routing portfolio, Arista provides a comprehensive suite of wireless networking, network security, observability, and software-defined WAN (SD-WAN) solutions. These offerings extend Arista's cloud networking architecture from the data center to the campus, branch, edge, and multi-cloud environments.

Wireless Networking

Arista's Cognitive Wi-Fi portfolio delivers cloud-managed wireless networking for enterprise campuses, branch offices, educational institutions, healthcare organizations, and distributed enterprises.

Key capabilities include:

Wi-Fi 6, Wi-Fi 6E, and Wi-Fi 7 access points

Cloud-native wireless management

AI-driven radio frequency (RF) optimization

Location services and asset tracking

User and device analytics

Seamless integration with wired campus infrastructure

Automated troubleshooting and network assurance

Arista's wireless architecture provides a unified operational model across wired and wireless networks through centralized management and policy enforcement.

Network Security

Arista's security portfolio is built around a Zero Trust networking model and combines network visibility, behavioral analytics, and threat detection capabilities.

Key security solutions include:

Network Detection and Response (NDR)

AI-driven threat detection and anomaly identification

East-west traffic visibility across campus, data center, and cloud environments

Device and user behavioral analytics

Asset discovery and classification

Network segmentation and micro-segmentation

Identity-based policy enforcement

MACsec encryption support across campus and data center networks

Arista's security architecture enables organizations to detect, investigate, and respond to threats while maintaining operational simplicity across distributed environments.

Network Observability and Operations

Arista provides a comprehensive network operations platform through CloudVision®, offering end-to-end visibility, automation, and assurance across data center, campus, cloud, and WAN infrastructures.

Key capabilities include:

Real-time streaming telemetry

Network-wide configuration management

Automated provisioning and change control

Compliance monitoring and auditing

Root-cause analysis and troubleshooting

Application and network performance monitoring

Capacity planning and predictive analytics

Network digital twin capabilities for testing and validation

End-to-end infrastructure observability

CloudVision serves as a centralized management platform that enables consistent operations across physical, virtual, and cloud-based networking environments.

SD-WAN and Secure Edge Networking

Arista's SD-WAN portfolio provides secure connectivity for branch offices, remote users, cloud applications, and distributed enterprise networks.

Key capabilities include:

Application-aware traffic steering

Dynamic path selection and optimization

Multi-cloud connectivity

Secure branch networking

Broadband, MPLS, and wireless WAN integration

Centralized policy management

WAN performance analytics

Automated deployment and provisioning

Integrated security and segmentation

The platform enables organizations to simplify WAN operations while improving application performance and reducing connectivity costs across geographically distributed locations.

From Wikipedia’s article on Arista Networks, shared under CC BY-SA 4.0.7

Timeline

  1. Oct 2004Founded Founded1

Recent filings

  1. Oct 13, 20264 PRIMARY DOCUMENT
  2. Oct 9, 2026144
  3. Oct 9, 20264 PRIMARY DOCUMENT
  4. Oct 8, 2026144
  5. Oct 8, 20264 PRIMARY DOCUMENT
  6. Oct 8, 20264 PRIMARY DOCUMENT
  7. Oct 7, 2026144
  8. Oct 6, 2026144
  9. Oct 6, 2026144
  10. Oct 5, 20264 PRIMARY DOCUMENT
  11. Sep 29, 20264 PRIMARY DOCUMENT
  12. Sep 25, 2026144
  13. Sep 23, 20264 PRIMARY DOCUMENT
  14. Sep 21, 20264 PRIMARY DOCUMENT
  15. Sep 17, 2026144

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2