ANET financials
Arista Networks, Inc. · end-of-day data as of Oct 16, 2026
Arista Networks, Inc.
$176.98+1.7%
Buy · 32 analystsPT $225.81 +27.6%
ANET reported revenue of $3.04B for the quarter ended Jun 30, 2026 (Q2 FY2026), up 37.7% from a year earlier. It posted diluted EPS of $0.95, free cash flow of $1.05B and a net margin of 40.0%.
Valuation
- P/E55.8x
- P/E vs own+12.5%
- P/E vs sector+67.2%
- FCF yield+2.3%
- Market cap$223B
Quarterly results
Q2 FY2026: Revenue +37.7% year over year, free cash flow 34.7% of revenue, operating margin 45.4%.
RevenueFree cash flow
| Q2 FY2026 | Jun 30, 2026 | $3.04B | 0.95 | $1.05B | 62.9% | 45.4% | 40.0% |
| Q1 FY2026 | Mar 31, 2026 | $2.71B | 0.80 | $1.64B | 61.9% | 42.7% | 37.8% |
| Q4 FY2025 | Dec 31, 2025 | $2.49B | 0.75 | $1.22B | 62.9% | 41.5% | 38.4% |
| Q3 FY2025 | Sep 30, 2025 | $2.31B | 0.67 | $1.24B | 64.6% | 42.4% | 37.0% |
| Q2 FY2025 | Jun 30, 2025 | $2.2B | 0.70 | $1.18B | 65.2% | 44.7% | 40.3% |
| Q1 FY2025 | Mar 31, 2025 | $2B | 0.64 | $613M | 63.7% | 42.8% | 40.6% |
| Q4 FY2024 | Dec 31, 2024 | $1.93B | 0.62 | $1.02B | 63.8% | 41.4% | 41.5% |
| Q3 FY2024 | Sep 30, 2024 | $1.81B | 0.58 | $1.17B | 64.2% | 43.4% | 41.3% |
| Q2 FY2024 | Jun 30, 2024 | $1.69B | 0.52 | $986M | 64.9% | 41.4% | 39.4% |
| Q1 FY2024 | Mar 31, 2024 | $1.57B | 0.50 | $504M | 63.7% | 42.0% | 40.6% |
| Q4 FY2023 | Dec 31, 2023 | $1.54B | 0.48 | $520M | 64.9% | 41.5% | 39.8% |
| Q3 FY2023 | Sep 30, 2023 | $1.51B | 0.43 | $688M | 62.4% | 39.9% | 36.1% |