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Arista Networks ANET Operating margin

Operating margin at other companies

Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
23.4%+3.1pp
Extreme Networks logo
Extreme NetworksEXTR
3.3%+2.3pp
Netgear logo
NetgearNTGR
-5%
Hewlett Packard Enterprise logo
Hewlett Packard EnterpriseHPE
3.8%+2.0pp
Astera Labs, Inc. logo
Astera Labs, Inc.ALAB
22.4%+19.2pp
Ciena logo
CienaCIEN
9.2%+4.5pp

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+51.1%
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$227.09B+50.2%
P/E61×+14.6×
P/S23.4×+4.4×

Profitability

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Gross margin63.5%-0.6pp
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

Calculated from Arista Networks’s reported figures.

Based on trailing twelve months.

The source filing: Arista Networks’s 10-Q, filed May 6, 2026. Open the filing →

Filed
May 5, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001596532-26-000078

FAQ

What is Arista Networks's operating margin?
Arista Networks (ANET) reported operating margin of 42.8% in Q1 2026.
How has Arista Networks's operating margin changed year-over-year?
Arista Networks's operating margin increased by 1.2% year-over-year, from 42.3% to 42.8%.
What is the long-term trend for Arista Networks's operating margin?
Over 5 years (2020 to 2025), Arista Networks's operating margin has grown at a 7.2% compound annual growth rate (CAGR), from 30.2% to 42.8%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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