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Arista Networks ANET Free cash flow

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Other financials

Income statement

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Revenue$3.0B+37.7%
Gross profit$1.9B+32.8%
Operating income$1.4B+39.7%
Net income$1.2B+36.5%
EPS (diluted)$0.95+35.7%

Balance sheet

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Cash & equivalents$2.3B+2.9%
Total debt$59.6M-9.0%
Total equity$14.8B+35.7%
Total assets$23.7B+43.5%

Cash flow

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Operating cash flow$1.1B-9.8%
CapEx$29.7M+23.8%

Valuation

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Market cap$241.55B+39.6%
P/E59.7×+6.5×
P/S22.9×+1.2×

Profitability

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Gross margin63%-1.2pp
Operating margin43.1%0.0pp
Net margin38.4%-2.5pp
FCF margin48.9%-1.1pp

Returns & leverage

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Return on equity31.5%-2.2pp
Debt / equity0.0×
Current ratio-0.4×

Where this comes from

Calculated from Arista Networks’s reported figures.

The source filing: Arista Networks’s 10-Q, filed August 5, 2026. Open the filing →

Filed
Aug 4, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001596532-26-000175

FAQ

What is Arista Networks's free cash flow?
Arista Networks (ANET) reported free cash flow of $1.05B in Q2 2026.
How has Arista Networks's free cash flow changed year-over-year?
Arista Networks's free cash flow decreased by 10.4% year-over-year, from $1.18B to $1.05B.
What is the long-term trend for Arista Networks's free cash flow?
Over 4 years (2021 to 2025), Arista Networks's free cash flow has grown at a 45.4% compound annual growth rate (CAGR), from $951.12M to $4.25B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

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