Arista Networks Inc
arista.comWhat Do They Do?
Sells networking equipment and software for AI and data centers, campus networks and routing to cloud and AI providers, service providers and enterprises.
10-K for FY2025, filed Feb 17, 2026Arista established itself as a market leader with platforms, products, and people to enable some of these hyperscalers’ most consequential…View ↗
As a pioneer of leaf and spine networking for cloud and data centers, Arista’s "AI Center" now delivers a unified, data-driven network…View ↗
Arista’s cognitive campus portfolio was driven by customers seeking the same quality and operational efficiency available in the data…View ↗
Arista’s Cloud-Grade Routing platforms, powered by EOS, combine high-performance routing, high port density, deep buffers, integrated dense…View ↗
Our customers include large cloud customers or Cloud and AI Titans, other internet and service providers, including specialty and AI…View ↗
How Do They Make Money?
Customers buy networking products directly or through channel partners; hardware sales are tied to shipment. They also buy renewable, fee-based support, with the fees spread over the contract term.
10-K for FY2025, filed Feb 17, 2026We generate revenue from sales of our products, which incorporate our EOS software and accessories such as cables and optics, to direct…View ↗
PCS, which includes technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches and unspecified…View ↗
In determining if control has transferred, we consider whether certain indicators of the transfer of control are present, such as the…View ↗
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10-K for FY2025, filed Feb 17, 2026
FY2025 revenue by product or service ↗
$9B
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10-K for FY2025, filed Feb 17, 2026
$9B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product
Sold outright
10-K for FY2025, filed Feb 17, 2026 |
84%
FY2022: 85%
|
Product, FY2025
$7.6B Sources
|
Sold outright |
|
Service
Recurring
10-K for FY2025, filed Feb 17, 2026 |
16%
FY2022: 15%
|
Service, FY2025
$1.4B Sources
|
Recurring |
Who Are Their Customers?
Cloud and AI providers, service providers and enterprise customers buy networking products. Arista sells through its direct sales force and through distributors, resellers, systems integrators and OEM partners; partners typically order after an end customer has placed an order.
10-K for FY2025, filed Feb 17, 2026
10-K for FY2025, filed Feb 17, 2026
We market and sell our products through both our direct sales force and our channel partners, including distributors, value-added…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 39 cents of every revenue dollar as net income in FY2025 and turned 47 cents into free cash flow.
10-K for FY2025, filed Feb 17, 2026
$3.9BView ↗
10-K for FY2025, filed Feb 17, 2026
$3.5BView ↗
10-K for FY2025, filed Feb 17, 2026
$4.3BView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
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Aug 4, 2026
Provided revenue and earnings guidance
For the next quarter, forecast revenue of approximately $3.3 billion and non-GAAP diluted earnings per share of $1.06 to $1.08.
Sources
8-K, filed Aug 4, 2026
Revenue of approximately $3.3 billion; Non-GAAP operating margin of 48 - 49%; and Non-GAAP diluted net income per share between $1.06 and…View ↗
Growing. Revenue grew 3.1x in 4 years, from $2.9B in FY2021 to $9B in FY2025, about 32% a year.
AI-focused networking
The older business overview emphasized data-center and campus networking, while the latest report describes a distinct AI-center offer, including networks connecting AI accelerators across racks and over distance.
10-K for FY2022, filed Feb 14, 2023 10-K for FY2025, filed Feb 17, 2026As a pioneer of leaf and spine networking for cloud and data centers, Arista’s "AI Center" now delivers a unified, data-driven network…View ↗
Scale Up: Currently dominated by proprietary technologies, this domain involves high-bandwidth, low-latency interconnects linking multiple…View ↗
The Arista Etherlink portfolio comprises a family of over twenty products designed to support the diverse range of AI Scale Out and Scale…View ↗
Who Do They Compete With?
Competes with Cisco, Dell/EMC, Extreme Networks, Hewlett Packard Enterprise, Huawei, Juniper Networks, Nvidia, Darktrace, ExtraHop, Gigamon, Keysight, and Netscout
10-K for FY2025, filed Feb 17, 2026The data center and campus networking markets have historically been dominated by Cisco, with competition also coming from other large…View ↗
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