Arista Networks, Inc.(ANET)— Stock Profile, AI Score & Financials
Technology · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
Arista Networks, Inc. (ANET) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores ANET at 81.9/100 on a 32-signal composite quality model, placing it at rank #18 of 2,961 stocks — the top 1% of the AI-ranked universe. ANET scores in the top quartile across balance sheet strength (96.1), free cash flow (94.7), profitability (93.1). Shareholder dilution risk is elevated at 25.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Arista Networks, Inc. reports quarterly revenue of $3.0B, net income of $1.2B, an operating margin of 45.4%. Top institutional holders of ANET by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. ANET trades on the NYSE exchange and files with the SEC under CIK 1596532. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ANET daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Arista Networks, Inc. directly from SEC EDGAR.
AI Quality Score
81.9/100
AI Rank
#18
Revenue
$3.0B
Net Income
$1.2B
Free Cash Flow
$1.1B
Operating Margin
45.4%
ANET key financials by period
Arista Networks, Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$9.0B
$3.5B
42.8%
FY 2024
10-K
$7.0B
$2.9B
42.0%
FY 2023
10-K
$5.9B
$2.1B
38.5%
FY 2022
10-K
$4.4B
$1.4B
34.9%
FY 2021
10-K
$2.9B
$840.9M
31.4%
FY 2020
10-K
$2.3B
$634.6M
30.2%
Institutions holding ANET
Institutional investors reporting a position in Arista Networks, Inc. on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue grew 37.7% YoY to $3,035.7M on higher switching and routing shipments, while gross margin fell to 62.9% from 65.2% on large-customer discounts.
Biggest Revenue Drivers
Product$2,605.2M+38.8% YoY
Reflects healthy customer demand and higher shipments of our switching and routing platforms across our customer base
Service$430.5M+31.3% YoY
Continued growth in initial and renewal support contracts as our customer installed base has continued to expand
Biggest Revenue Drivers
Total revenue: $3,035.7M+37.7% YoY
Product$2,605.2M+38.8% YoY
Reflects healthy customer demand and higher shipments of our switching and routing platforms across our customer base
Within Product
Americas$2,337.9M77.0% of total revenue
Includes $2,319.6 million generated from the U.S. for the three months ended June 30, 2026
Service$430.5M+31.3% YoY
Continued growth in initial and renewal support contracts as our customer installed base has continued to expand
Largest Expense Items
Total cost of revenue$1,125.4M+46.9% YoY
Primarily driven by a corresponding increase in product and service revenues
Research and development$348.2M+17.4% YoY
Increased personnel costs of $33.3 million and new product introduction costs of $8.3 million
Sales and marketing$150.3M+18.8% YoY
Primarily driven by increased personnel costs due to headcount growth
General and administrative$33.8M+15.0% YoY
Increased slightly by $4.4 million versus the prior-year quarter
Margins: Gross margin decreased to 62.9% from 65.2% a year ago, primarily driven by an increased proportion of sales to large end customers who generally receive higher discounts. Management expects margin to keep fluctuating.
Watch Items from the Filing
Customer concentration: one end customer was 26% and another 16% of total revenue for the year ended December 31, 2025; timing of their orders is unpredictable.
Non-cancellable purchase commitments of $9.7 billion, with $9.4 billion expected within 12 months, raising excess/obsolete inventory and supplier liability risk.
Deferred revenue ended at $6,865.9 million and remaining performance obligations total $8.4 billion, with 91% expected to be recognized over the next two years.
Evaluation inventory rose to $616.0 million from $403.7 million, tied to customer trials and acceptance clauses that add quarterly revenue variability.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
