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Arista Networks ANET Deferred revenue, net of current portion

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Other financials

Income statement

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Revenue$2.7B+35.1%
Gross profit$1.7B+31.4%
Operating income$1.2B+34.8%
Net income$1.0B+25.7%
EPS (diluted)$0.80+25.0%

Balance sheet

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Cash & equivalents$2.8B+51.2%
Total equity$13.5B+33.3%
Total assets$21.7B+49.2%

Cash flow

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Operating cash flow$1.7B+164%
CapEx$54.5M+91.9%
Free cash flow$1.6B+167%

Valuation

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Market cap$213.64B+57.9%
P/E57.4×+12.7×
P/S22×+3.8×

Profitability

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Gross margin63.5%-0.6pp
Operating margin42.8%+0.5pp
Net margin38.3%-2.4pp

Returns & leverage

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Return on equity31.5%-2.2pp
Debt / equity0.0×
Current ratio2.8×-1.1×

Where this comes from

Reported directly by Arista Networks in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The official record: Arista Networks’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Arista Networks's deferred revenue, net of current portion?
Arista Networks (ANET) reported deferred revenue, net of current portion of $1.29B in Q1 2026.
How has Arista Networks's deferred revenue, net of current portion changed year-over-year?
Arista Networks's deferred revenue, net of current portion increased by 26.9% year-over-year, from $1.02B to $1.29B.
What is the long-term trend for Arista Networks's deferred revenue, net of current portion?
Over 5 years (2020 to 2025), Arista Networks's deferred revenue, net of current portion has grown at a 40.0% compound annual growth rate (CAGR), from $254.57M to $1.37B.
What does deferred revenue, net of current portion mean?
Revenue collected in advance for services to be provided more than a year from now.
How do you interpret deferred revenue, net of current portion?
An increase is a positive signal of long-term demand and future revenue stability, indicating strong customer retention.
How does deferred revenue, net of current portion compare across companies?
Highly relevant for software and hardware companies with recurring revenue models; peers with high subscription mixes show higher values.