What is Arista Networks's R&D?

Arista Networks (ANET) reported R&D of $343.7M in Q1 2026.

How has Arista Networks's R&D changed year-over-year?

Arista Networks's R&D increased by 29.0% year-over-year, from $266.4M to $343.7M.

What is the long-term trend for Arista Networks's R&D?

Over 4 years (2021 to 2025), Arista Networks's R&D has grown at a 20.5% compound annual growth rate (CAGR), from $586.75M to $1.24B.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Arista Networks ANET R&D

R&D at other companies

Cisco Systems, Inc.CSCO

$2.38B+1.8%

Extreme NetworksEXTR

$59.18M+6.3%

NetgearNTGR

$21.67M+18.3%

Hewlett Packard EnterpriseHPE

$922M+70.7%

Astera Labs, Inc.ALAB

$125.63M+94.6%

CienaCIEN

$237.91M+10.7%

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$232.56B+82.5%

P/E62.5×+23.3×

P/S24×+7.9×

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 / equity0×0.0×

Current ratio2.8×-1.1×

Where this comes from

Reported directly by Arista Networks in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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 R&D?: Arista Networks (ANET) reported R&D of $343.7M in Q1 2026.
How has Arista Networks's R&D changed year-over-year?: Arista Networks's R&D increased by 29.0% year-over-year, from $266.4M to $343.7M.
What is the long-term trend for Arista Networks's R&D?: Over 4 years (2021 to 2025), Arista Networks's R&D has grown at a 20.5% compound annual growth rate (CAGR), from $586.75M to $1.24B.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.