What is Arista Networks's contract with customer, liability?

Arista Networks (ANET) reported contract with customer, liability of $6.2B in Q1 2026.

How has Arista Networks's contract with customer, liability changed year-over-year?

Arista Networks's contract with customer, liability increased by 100.7% year-over-year, from $3.09B to $6.2B.

What is the long-term trend for Arista Networks's contract with customer, liability?

Over 5 years (2020 to 2025), Arista Networks's contract with customer, liability has grown at a 52.5% compound annual growth rate (CAGR), from $650.83M to $5.37B.

Arista Networks ANET Contract with Customer, Liability

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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+51.1%

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$203.66B+57.9%

P/E54.7×+12.1×

P/S21×+3.6×

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 / equity0×0.0×

Current ratio2.8×-1.1×

Where this comes from

Reported directly by Arista Networks in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

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 contract with customer, liability?: Arista Networks (ANET) reported contract with customer, liability of $6.2B in Q1 2026.
How has Arista Networks's contract with customer, liability changed year-over-year?: Arista Networks's contract with customer, liability increased by 100.7% year-over-year, from $3.09B to $6.2B.
What is the long-term trend for Arista Networks's contract with customer, liability?: Over 5 years (2020 to 2025), Arista Networks's contract with customer, liability has grown at a 52.5% compound annual growth rate (CAGR), from $650.83M to $5.37B.