Arista Networks financials
$202.86−1.01%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.04B | $2.71B | $2.49B | $2.31B | $2.20B | $2.00B | $1.93B | $1.81B | $1.69B | $1.57B | $1.54B | $1.51B |
| Gross profit | $1.91B | $1.68B | $1.56B | $1.49B | $1.44B | $1.28B | $1.23B | $1.16B | $1.10B | $1.00B | $999.2M | $942.4M |
| Gross margin | 62.9% | 61.9% | 62.9% | 64.6% | 65.2% | 63.7% | 63.8% | 64.2% | 64.9% | 63.7% | 64.9% | 62.4% |
| Operating income | $1.38B | $1.16B | $1.03B | $978.2M | $986.2M | $858.8M | $799.6M | $785.3M | $699.6M | $660.2M | $639.9M | $602.7M |
| Net income | $1.21B | $1.02B | $955.8M | $853.0M | $888.8M | $813.8M | $801.0M | $748.0M | $665.4M | $637.7M | $613.6M | $545.3M |
| Net margin | 40.0% | 37.8% | 38.4% | 37.0% | 40.3% | 40.6% | 41.5% | 41.3% | 39.4% | 40.6% | 39.8% | 36.1% |
| Diluted EPS | $0.95 | $0.80 | $0.75 | $0.67 | $0.70 | $0.64 | $0.62 | $0.58 | $0.52 | $0.50 | $0.15 | $0.43 |
| EBITDA | $1.40B | $1.18B | $1.06B | $1.00B | $999.0M | $872.6M | $814.9M | $800.9M | $715.1M | $675.8M | $639.9M | $619.7M |
| Operating cash flow | $1.08B | $1.69B | $1.26B | $1.27B | $1.20B | $641.7M | $1.03B | $1.17B | $989.0M | $513.8M | $526.5M | $699.0M |
| Free cash flow | $1.05B | $1.64B | $1.22B | $1.24B | $1.18B | $613.3M | $1.02B | $1.17B | $985.8M | $504.4M | $520.5M | $687.8M |
| Diluted shares | 1,276.0M | 1,273.8M | 1,275.8M | 1,276.6M | 1,271.2M | 1,279.2M | 1,283.5M | 1,281.8M | 1,279.7M | 1,279.4M | 4,124.3M | 1,270.5M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.29B | $2.79B | $1.96B | $2.33B | $2.23B | $1.85B |
| Short-term investments | $11.05B | $9.56B | $8.78B | $7.78B | $6.62B | $6.30B |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $23.72B | $21.66B | $19.45B | $18.05B | $16.53B | $14.51B |
| Total liabilities | $8.92B | $8.17B | $7.08B | $6.14B | $5.63B | $4.40B |
| Shareholders' equity | $14.80B | $13.49B | $12.37B | $11.91B | $10.90B | $10.12B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology