Arista Networks, Inc.
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ANET Q1 2026 request
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/api/financials?ticker=ANET&year=2026&quarter=1
Pick an endpoint and run the request.Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 2,709 | 2,004.8 | +35.1% |
Show Product Lines breakouts |
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| Product | 2,311.3 | 1,692.5 | +36.6% |
| Service | 397.7 | 312.3 | +27.3% |
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| Americas | 2,290.1 | 1,598.5 | +43.3% |
| Asia Pacific | 183.9 | 231.7 | -20.6% |
| EMEA | 235 | 174.6 | +34.6% |
| US | 2,272.1 | 1,581.5 | +43.7% |
| Cost of Revenue | 1,032.2 | 728.7 | +41.6% |
Show Product Lines breakouts |
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| Product | 961.9 | 672.7 | +43.0% |
| Service | 70.3 | 56 | +25.5% |
| Gross Profit | 1,676.8 | 1,276.1 | +31.4% |
| Research & Development | 343.7 | 266.4 | +29.0% |
| Sales & Marketing | 141.6 | 116.6 | +21.4% |
| General & Administrative | 33.7 | 34.3 | -1.7% |
| Operating Expenses | 519 | 417.3 | +24.4% |
| Operating Income | 1,157.8 | 858.8 | +34.8% |
| Non-Operating Income (Expense) | 113.6 | 96.2 | +18.1% |
| Income Before Taxes | 1,271.4 | 955 | +33.1% |
| Income Tax Expense (Benefit) | 248.5 | 141.2 | +76.0% |
| Net Income | 1,022.9 | 813.8 | +25.7% |
Show Equity Components breakouts |
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| Retained Earnings | 1,022.9 | 813.8 | +25.7% |
| EPS (Basic) | 0.81 | 0.65 | +24.6% |
| EPS (Diluted) | 0.8 | 0.64 | +25.0% |
| Wtd Avg Shares (Basic) | 1,257.7 | 1,260 | -0.2% |
| Wtd Avg Shares (Diluted) | 1,273.8 | 1,279.2 | -0.4% |
| Comprehensive Income | 991.6 | 825.1 | +20.2% |
| Other Comprehensive Income | -31.3 | 11.3 | -377.0% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | -31.3 | 11.3 | -377.0% |
| Net Income Loss Available To Common Stockholders Basic | 1,022.9 | 813.8 | +25.7% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 2,789.5 | 1,845.1 | +51.2% |
| Available For Sale Securities Debt Securities Current | 9,563.7 | 6,304.5 | +51.7% |
| Accounts Receivable | 1,923.8 | 1,435.9 | +34.0% |
| Inventory | 2,380 | 1,957.3 | +21.6% |
| Prepaid Expenses & Other Current Assets | 1,899.7 | — | — |
| Total Current Assets | 18,556.7 | 12,276.3 | +51.2% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 250.3 | 123.9 | +102.0% |
Show Geography breakouts |
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| Non Us | 21.5 | 15.6 | +37.8% |
| US | 228.8 | 108.3 | +111.3% |
| Goodwill | 416.1 | 268.5 | +55.0% |
| Deferred Tax Assets | 1,887.2 | 1,544.3 | +22.2% |
| Other Non-Current Assets | 546.2 | 245.2 | +122.8% |
| Total Assets | 21,656.5 | 14,514.6 | +49.2% |
| Intangible Assets | 273.5 | — | — |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Customer Relationships | 167.7 | — | — |
| Technology Based Intangible Assets | 95.2 | — | — |
| Trade Names | 10.6 | — | — |
| Current Liabilities | |||
| Accounts Payable | 608.4 | 389.1 | +56.4% |
| Accrued Liabilities | 441.5 | 263.1 | +67.8% |
| Deferred Revenue (Current) | 4,909.5 | 2,072.7 | +136.9% |
| Other Liabilities Current | 600.7 | 147.6 | +307.0% |
| Total Current Liabilities | 6,560.1 | 3,121.6 | +110.2% |
| Non-Current Liabilities | |||
| Contract With Customer Liability Noncurrent | 1,289.2 | 1,016.1 | +26.9% |
| Other Non-Current Liabilities | 320.1 | 257.8 | +24.2% |
| Total Liabilities | 8,169.4 | 4,395.5 | +85.9% |
| Stockholders' Equity | |||
| Common Stock | 0.1 | 0.1 | 0.0% |
| Additional Paid-In Capital | 3,036.4 | 2,551.7 | +19.0% |
| Retained Earnings | 10,469.9 | 7,569.2 | +38.3% |
| Accumulated Other Comprehensive Income | -19.3 | -1.9 | -915.8% |
| Total Stockholders' Equity | 13,487.1 | 10,119.1 | +33.3% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | -19.3 | -1.9 | -915.8% |
| Additional Paid In Capital | 3,036.4 | 2,551.7 | +19.0% |
| Common Stock | 0.1 | 0.1 | 0.0% |
| Retained Earnings | 10,469.9 | 7,569.2 | +38.3% |
| Total Liabilities & Equity | 21,656.5 | 14,514.6 | +49.2% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 23.3 | 13.8 | +68.8% |
| Stock-Based Compensation | 120.9 | 93 | +30.0% |
| Deferred Income Taxes | -104.9 | -107.1 | +2.1% |
| Other Operating Activities Cash Flow Statement | -3.4 | -12.1 | +71.9% |
| Change in Accounts Receivable | -36.9 | -295.4 | +87.5% |
| Change in Inventory | -133 | -122.7 | -8.4% |
| Increase Decrease In Other Current Assets | -298.7 | -113.7 | -162.7% |
| Change in Accounts Payable | -35.6 | 6.7 | -631.3% |
| Change in Deferred Revenue | 826.2 | 297.4 | +177.8% |
| Increase Decrease In Income Taxes | 352.9 | 241.3 | +46.2% |
| Increase Decrease In Other Operating Liabilities | -40.2 | -173.3 | +76.8% |
| Net Cash from Operations | 1,693.5 | 641.7 | +163.9% |
| Investing Activities | |||
| Proceeds From Sale And Maturity Of Marketable Securities | 739.9 | 799.2 | -7.4% |
| Proceeds From Sale Of Available For Sale Securities Debt | 376.9 | 8.8 | +4183.0% |
| Payments To Acquire Marketable Securities | -1,932.6 | -1,545.5 | -25.0% |
| Capital Expenditures | -54.5 | -28.4 | -91.9% |
| Other Investing Activities | 5 | — | — |
| Net Cash from Investing | -865.3 | -765.9 | -13.0% |
| Financing Activities | |||
| Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options | 29.9 | 28.1 | +6.4% |
| Tax Withholding for Share Compensation | -26.2 | -34.8 | +24.7% |
| Proceeds From Payments For Other Financing Activities | -3.7 | — | — |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -2.6 | 0.7 | -471.4% |
| Net Change in Cash | 825.6 | -917.3 | +190.0% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 2,790.9 | 1,846.5 | +51.1% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.