Loading…
Arista Networks
S&P 500
🏹 Trader: 🚀 Stage 2 + Near High 📈 Stage 2 🎯 Near 52W High 💎 VCP Breakout | BRS 67 Forming View all →
📈 Stage 2 detected Find the fundamental catalyst → → run Growth Triggers in Ask AI
$251.1B
Market Cap
47.0
P/E
1.86
PEG
186.9%
ROCE
31.4%
ROE
0.01
D/E
42.8%
OPM
-10.8%
% from 52W High
75
α RS
🔍 ANET is showing a high-conviction setup because it matches 29 of 39 tracked screener presets, Sector RRG has Technology in the Leading quadrant with the trail still rolling over, and RS Rating is 75. Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 29/39 · Technology in Leading quadrant · RS Rating 75
⚖️ Compare 🔒 Generate Report 🔒 Research Packet 📚 Guides
🌏 Global Investor Returns
Currency-adjusted total returns for ANET including FX impact
🌏
Click 🌏 Returns tab to load data
📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for AI, data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications. The company offers data center, cloud and AI networking, cognitive adjacencies, and cognitive network software and services. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, cloud service providers, financial services organizations, government agencies, media and entertainment, healthcare, oil and gas, education, manufacturing, industrial, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. Arista Networks, Inc. was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. The company was incorporated in 2004 and is headquartered in Santa Clara, California.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
Loading…
⭐ Superinvestors Holding ANET
View All Superinvestors →
Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 6.55M $803.7M 1.03% Mar 2026
Jim Simons Renaissance Technologies LLC 66.7K $8.2M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔒
Premium Feature
AI-generated 10-section company profile — business model, financials, strengths, risks & management quality
Upgrade to Premium
Already a member? Log in
📐
3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
Open Model →
🎙 Management Tone Confident Specific → Stable 5 quarters Full tone analysis in Intelligence →
Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$3.0B
+37.7% YoY
Operating Income
$1.5B
Non-GAAP op margin +1.1pp YoY
Operating Margin
49.9%
+1.1pp YoY
Net Income
$1.3B
Diluted EPS +39.7% YoY
What Went Right
  • Revenue of $3.036B beat the $2.8B guidance by roughly $236M and rose 37.7% YoY, marking Arista's first $3B quarter.
  • FY26 revenue guidance was raised for a third time to $12.6B (+40% YoY), with campus at least $1.25B and AI fabrics at least $3.5B.
  • AI-fabric momentum reached 100+ cumulative Etherlink customers, and management highlighted a $15B-$20B scale-across TAM by 2030.
What to Watch
  • Gross margin fell to 63.4% from 65.6% a year ago on customer mix; memory/silicon cost increases and tariffs remain headwinds.
  • Management expects industry-wide supply tightness to persist into 2028 despite improving purchase commitments and vendor qualifications.
  • Inventory climbed to $2.5B and purchase commitments jumped to $9.7B (vs ~$3.6B a year ago), adding cash-flow timing and execution risk.
Management Guidance
  • Q3 2026 revenue of approximately $3.3B.
  • Q3 non-GAAP operating margin of 48%-49%; Q3 non-GAAP EPS of $1.06-$1.08.
  • FY26 revenue raised to approximately $12.6B (40% growth), gross margin 62%-64%, operating margin 48%-49%, and AI fabrics goal of at least $3.5B.
Investor Lens
The investment thesis is stronger after the print: Arista beat Q2 guidance and raised full-year revenue for the third time on improving supply-chain execution. The 100+ Etherlink AI-fabric customers and new scale-across use cases (SRv6, MRC) broaden the AI opportunity beyond the core data-center front end. Purchase commitments of $9.7B show confidence in demand, but margin compression and 2028 supply-chain uncertainty are reasons to monitor execution.
From investor presentation · AI-generated analysis · Not investment advice
🔒
Premium Feature
Investor Presentation One-Pager — quarterly highlights, what went right/wrong & management guidance
Upgrade to Premium
Already a member? Log in
📈 STRONG Strong first $3B quarter with FY26 guidance raised to $12.6B.
Revenue
Q2 revenue was $3.036B, up 37.7% YoY and above the $2.8B guidance. International revenue was $697.8M, or 23% of total, up from 13.5% in Q1.
Profitability
Non-GAAP net income was $1.3B, or 42.9% of revenue, and diluted EPS rose 39.7% YoY to $1.02. Non-GAAP operating income was ~$1.5B, or 49.9% of revenue.
Margins
Gross margin was 63.4%, down from 65.6% a year ago but up from 62.4% sequentially due to tariff refunds and mix. Operating expenses were $411M, or 13.5% of revenue, while non-GAAP operating margin was 49.9%.
Balance Sheet
Cash and marketable securities were $13.3B, up from $12.4B at Q1. Operating cash flow was ~$1.1B, inventory was $2.5B, and purchase commitments ended at $9.7B.
Key Risks
Management flagged industry-wide supply tightness and rising component costs that could persist into 2028. Gross margin is also affected by customer mix, and elevated inventory/purchase commitments create cash-flow timing risk.
Outlook
Q3 revenue is guided to approximately $3.3B with non-GAAP operating margin of 48%-49% and EPS of $1.06-$1.08. Full-year 2026 revenue is now expected to be about $12.6B, up 40%.
Generated by AI · Q2 2026 results · Not investment advice
🔒
Free Account Required

Create a free Finmagine account to access Finmagine™ Scorecard.

See how this company scores across 5 dimensions — Financial Health, Growth Prospects, Competitive Position, Management Quality, and Valuation — powered by 30+ computed ratios.

Create Free AccountLog In
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Ask AI.

Get 25 expert AI analysis templates — Business KPIs, Comprehensive, Forensic Governance, Peer Comparison, Risk-Reward, Full Research Report, IPO Decoder, Red Flag Detector, and more — ready to paste into ChatGPT, Claude, Gemini, or Perplexity.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Peer Comparison.

Compare this company side-by-side against its sector peers with financial metrics, ratio benchmarking, and relative performance across all key dimensions.

Upgrade to PremiumCreate Free Account
✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
🔍
🔎 See cross-company document search → ?
📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-04
Q2 revenue exceeded $3 billion, up 37.7% year-over-year, with strong AI and enterprise demand. 2026 revenue guidance was raised to $12.6 billion, reflecting 40% growth, as supply chain improvements and innovation drive momentum across all product sectors.
Q1 2026 Q1 2026 2026-05-05
Q1 2026 saw 35% revenue growth, record net income, and strong AI-driven demand, but supply chain shortages are constraining shipments and pressuring margins. Guidance for 2026 was raised to $11.5B revenue and $3.5B in AI, with continued investment in innovation and supply agreements.
Q4 2025 Q4 2025 2026-02-12
Record 2025 revenue of $9B was driven by strong AI and cloud demand, with 28.6% growth year-over-year. 2026 guidance was raised to $11.25B (25% growth), despite ongoing supply chain and memory cost pressures. AI networking and campus segments are key growth drivers.
Q3 2025 Q3 2025 2025-11-04
Q3 2025 revenue grew 27.5% year-over-year to $2.3B, with strong AI and cloud demand and record gross margins. FY 2025 revenue is expected to grow 26–27%, and FY 2026 guidance was raised to $10.65B, driven by AI and campus segments.
Q2 2025 Q2 2025 2025-08-05
Record Q2 revenue and margins led to a raised 2025 growth outlook, driven by strong AI, cloud, and enterprise demand. AI networking revenue is on track to exceed $1.5 billion, and the VeloCloud acquisition expands SD-WAN and MSP reach.
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Catalyst Timeline.

Every result, order win, insider trade, ECS update, earnings-call, and SEC announcement for this company — in one chronological lane.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Full Report.

Read the complete Finmagine™ investment research report — comprehensive fundamental analysis, business model assessment, competitive positioning, and investment recommendation.

Upgrade to PremiumCreate Free Account

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯
Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.
📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.