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Arista Networks ANET Operating Income

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Other financials

Income statement

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

Balance sheet

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Cash & equivalents$2.8B+51.1%
Total debt$59.6M-9.0%
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$208.33B+92.3%
P/E56×+20.2×
P/S21.5×+6.9×

Profitability

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Gross margin63.5%-0.6pp
Operating margin42.8%+0.5pp
Net margin38.3%-2.4pp
FCF margin54.4%+3.5pp

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:OperatingIncomeLoss.

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 operating income?
Arista Networks (ANET) reported operating income of $1.16B in Q1 2026.
How has Arista Networks's operating income changed year-over-year?
Arista Networks's operating income increased by 34.8% year-over-year, from $858.8M to $1.16B.
What is the long-term trend for Arista Networks's operating income?
Over 4 years (2021 to 2025), Arista Networks's operating income has grown at a 42.9% compound annual growth rate (CAGR), from $924.74M to $3.86B.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.