SuperworthArista Networks ANET
- Market cap
- $217.4B
- PE
- 54.4×
- 10y median 43.8×
- Forward PE
- 36.9×
- 10y median 30.7×
- Price to sales
- 20.6×
- EV/EBIT
- 44.9×
- Revenue, 12 months
- $10.5B
- +33% on a year ago
- Net margin
- 38.4%
- Free cash flow yield
- 2.4%
Arista Networks trades at 54.4× trailing earnings, pricier than 81% of the last ten years. Revenue was $10.5B over the last twelve months, up 33% on a year earlier with a 38% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1.5B+28% | $1.5B+21% | $1.6B+16% | $1.7B+16% | $1.8B+20% | $1.9B+25% | $2B+28% | $2.2B+30% | $2.3B+28% | $2.5B+29% | $2.7B+35% | $3B+38% | |
| Cost of revenue | $567M+22% | $541.2M+7% | $570M+4% | $593.2M+3% | $649.2M+15% | $699.4M+29% | $728.7M+28% | $766.2M+29% | $818.1M+26% | $924M+32% | $1B+42% | $1.1B+47% |
| Gross profit | $942.4M+33% | $999.2M+30% | $1B+25% | $1.1B+24% | $1.2B+23% | $1.2B+23% | $1.3B+27% | $1.4B+31% | $1.5B+28% | $1.6B+27% | $1.7B+31% | $1.9B+33% |
| R&D | $212.4M+13% | $211.5M+11% | $208.4M+4% | $267.5M+17% | $235.8M+11% | $285M+35% | $266.4M+28% | $296.5M+11% | $326M+38% | $348.4M+22% | $343.7M+29% | $348.2M+17% |
| SG&A | $127.4M+22% | $147.8M+35% | $132.8M+12% | $130.2M+5% | $140.6M+10% | $146.3M−1% | $150.9M+14% | $155.9M+20% | $186M+32% | $182.5M+25% | $175.3M+16% | $184.1M+18% |
| $602.7M+44% | $639.9M+37% | $660.2M+36% | $699.6M+32% | $785.3M+30% | $799.7M+25% | $858.8M+30% | $986.2M+41% | $978.2M+25% | $1B+29% | $1.2B+35% | $1.4B+40% | |
| Interest expense | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Pre-tax income | $644.5M+52% | $694.4M+43% | $722.8M+46% | $770.4M+31% | $882.9M+37% | $889M+28% | $955M+32% | $1.1B+40% | $1.1B+22% | $1.1B+28% | $1.3B+33% | $1.5B+39% |
| $99.2M+41% | $80.8M+37% | $85.1M+41% | $105M+11% | $134.9M+36% | $87.9M+9% | $141.2M+66% | $191.4M+82% | $224.1M+66% | $181.6M+107% | $248.5M+76% | $291.4M+52% | |
| Net income | $545.3M+54% | $613.6M+44% | $637.7M+46% | $665.4M+35% | $748M+37% | $801M+31% | $813.8M+28% | $888.8M+34% | $853M+14% | $955.8M+19% | $1B+26% | $1.2B+37% |
| $0.43+52% | $0.48+42% | $0.50+45% | $0.52+34% | $0.58+35% | $0.62+29% | $0.64+28% | $0.70+35% | $0.67+16% | $0.75+21% | $0.80+25% | $0.95+36% | |
| 1.3B+1% | 1.3B+1% | 1.3B+1% | 1.3B+1% | 1.3B+1% | 1.3B+1% | 1.3B+0% | 1.3B−1% | 1.3B−0% | 1.3B−1% | 1.3B−0% | 1.3B+0% |
Revenue: Q1 FY13 and Q1 FY14: 6 months less the 3 months printed beside them.
Cost of revenue: Q1 FY13 and Q1 FY14: 6 months less the 3 months printed beside them.
Gross profit: Q1 FY13 and Q1 FY14: 6 months less the 3 months printed beside them.
R&D: Q1 FY13 and Q1 FY14: 6 months less the 3 months printed beside them.
SG&A: Q1 FY13 and Q1 FY14: 6 months less the 3 months printed beside them.
Operating income: Q1 FY13 and Q1 FY14: 6 months less the 3 months printed beside them.
Interest expense: Q1 FY13: 6 months less the 3 months printed beside them.
Pre-tax income: Q1 FY13 and Q1 FY14: 6 months less the 3 months printed beside them.
Income tax: Q1 FY13 and Q1 FY14: 6 months less the 3 months printed beside them.
Net income: Q1 FY13 and Q1 FY14: 6 months less the 3 months printed beside them. 6 periods, Q4 FY14 to Q4 FY25: printed in the fourth-quarter results release.
EPS, diluted: 4 periods, Q1 FY13 to Q4 FY24: quarter's net income to common over its shares, to the cent. 4 periods, Q4 FY14 to Q4 FY25: printed in the fourth-quarter results release.
Diluted shares: Q1 FY13: share-days: the 6-month average less the second quarter's. 9 periods, Q4 FY13 to Q4 FY24: share-days: the 12-month average less the 9-month, weighted by days. 4 periods, Q4 FY14 to Q4 FY25: printed in the fourth-quarter results release.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $3.3B | $3.3B to $3.4B | $1.08 | $1.07 to $1.11 | 18 |
| Q4 FY26 | $3.6B | $3.5B to $3.7B | $1.15 | $1.10 to $1.19 | 17 |
| Q1 FY27 | $3.7B | $3.6B to $3.8B | $1.17 | $1.13 to $1.23 | 7 |
| Q2 FY27 | $4B | $3.9B to $4.1B | $1.27 | $1.22 to $1.34 | 15 |
| Q3 FY27 | $4.2B | $4.1B to $4.4B | $1.35 | $1.30 to $1.42 | 9 |
| Q4 FY27 | $4.5B | $4.3B to $4.6B | $1.43 | $1.38 to $1.50 | 7 |
| Q1 FY28 | $4.4B | $4.2B to $4.5B | $1.43 | $1.37 to $1.50 | 9 |
| Q2 FY28 | $4.7B | $4.6B to $4.9B | $1.54 | $1.48 to $1.62 | 8 |
Peers
Companies in Computer Hardware nearest Arista Networks' size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| ANETArista Networks | $217.4B | 54.4× | 43.8× | 36.9× | 20.6× | +33% | 38.4% |
| SNDKSandisk | $181.3B | 17.0× | 47.1× | 5.8× | 9.0× | +175% | 56.5% |
| DELLDell Technologies | $290.2B | 26.5× | 18.2× | n/m | 1.9× | +49% | 7.5% |
| STXSeagate Technology | $142.9B | 45.4× | 16.1× | 16.8× | 11.7× | +34% | 26.1% |
| WDCWestern Digital | $123.9B | 13.3× | 20.3× | 15.5× | 8.6× | +43% | 69.2% |
| HPEHewlett Packard Enterprise | $75.3B | 29.5× | 18.6× | 12.2× | 1.8× | +27% | 6.4% |
| NTAPNetApp | $42.3B | 30.3× | 21.0× | 21.7× | 5.7× | +12% | 19.2% |
| PEverpure | $41.1B | 169× | 172× | 37.9× | 9.6× | +27% | 5.9% |
| HPQHP | $30.3B | 12.8× | 9.7× | 11.2× | 0.5× | +8% | 4.1% |
| Peer median | $99.6B | 28.0× | 19.4× | 15.5× | 7.1× | +31% | 13.4% |
Investors who own it
Investors we follow who held Arista Networks at the end of Jun 30, 2026, from their 13F filings.
- François RochonGiverny Capital1.9% of portfoliotrimmed
- Ron BaronBaron Capital0.0% of portfoliotrimmed
- Lee AinslieMaverick Capital0.0% of portfolionew
More on Arista Networks
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #3of 24Computer hardware stocks with the highest profit margins
- #7of 24Computer hardware stocks with the fastest revenue growth
- #9of 12Computer hardware stocks cheapest against their own PE history
Its groups
About
- Industry
- Computer Hardware
- Sector
- Technology
Valuation data, not investment advice. Prices as of .