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Companies / Information Technology / Arista Networks
ANET

Arista Networks

Information TechnologyIndustrial MachineryS&P 500
Ticker ANETSANTA CLARA, CAFiscal year ends DecemberBook value per share $11.61Diluted shares 1.3B

Arista Networks, Inc. (NYSE: ANET) develops data-driven networking products and services for cloud and AI providers, service providers, and enterprise customers, including organizations in financial services and government. Its offerings connect AI centers, data centers, campuses, and wide-area networks through… From the company’s description.

In fiscal 2025, Arista Networks reported revenue of $9.01B, up 28.6% from fiscal 2024, and net income of $3.51B. Its operating margin was 42.8%, and operations generated $4.37B in cash. Over the twelve months to Jun 30, 2026, revenue was $10.54B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$9.01BFY2025
+28.6% year over year
Last 12 mo $10.54B
42.82%FY2025
+0.8 percentage points
Last 12 mo 43.14%
$3.51BFY2025
+23.1% year over year
Last 12 mo $4.04B
28.39%FY2025
−0.2 percentage points
Last 12 mo 27.33%
Cash & financing
$4.37BFY2025
+17.9% year over year
Last 12 mo $5.31B
$4.25BFY2025
+15.7% year over year
Last 12 mo $5.16B
—
1.3BFY2025
−0.4% year over year
Last 12 mo 1.3B

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Arista Networks does

In the company’s own words

Arista Networks, Inc. (NYSE: ANET) develops data-driven networking products and services for cloud and AI providers, service providers, and enterprise customers, including organizations in financial services and government. Its offerings connect AI centers, data centers, campuses, and wide-area networks through switching and routing platforms, wireless access points, network management and security software, and support services. The company’s EOS operating system underpins its networking portfolio, while CloudVision provides network operations and management and NetDL aggregates network data for Arista and third-party applications. Its product and service areas span AI, cloud and data center networking; campus and routing; and software and services, including automation, observability, zero-trust security, and A-Care support. Major brands include Arista Etherlink, EOS, CloudVision, AVA, VeloCloud, and Arista NDR. Arista reports one operating segment. It employs approximately 5,115 people worldwide as of December 31, 2025. Its website is www.arista.com.

Company details
Sector
Information Technology
Industry (SIC)
Industrial Machinery
Headquarters
SANTA CLARA, CA
Fiscal year end
December
CIK
1596532
SIC
3576

Financial performance, year by year

Fiscal 2014–2025 · USD
$-1.05B$2.11B$5.27B$8.43B$11.59B201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Arista Networks — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

1.2K
funds hold it
1 of 35
superinvestors hold it
$57.63B
held by funds, at market
27.2%
of shares held by funds

Superinvestors in Arista Networks · what they did last quarter

Francois RochonDECREASED -19.7%
Giverny Capital
1.9%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Arista Networks’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.25%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.27%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.27%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.25%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Arista Networks and its peers compare on margins and cash generation over ten years?”
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