Arista Networks, Inc. (ANET) Earnings History
Annual and quarterly earnings data from 2012 to 2025
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ANET EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
ANET Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 64.1% | 42.8% | 39.0% |
| 2024 | 64.1% | 42.0% | 40.7% |
| 2023 | 61.9% | 38.5% | 35.6% |
| 2022 | 61.1% | 34.9% | 30.9% |
| 2021 | 63.8% | 31.4% | 28.5% |
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Arista Networks, Inc. (ANET) Earnings Overview
As of May 6, 2026, Arista Networks, Inc. (ANET) reported trailing twelve-month net income of $3.72B, reflecting +23.3% year-over-year growth. The company earned $2.92 per diluted share over the past four quarters, with a net profit margin of 39.0%.
Looking at the long-term picture, ANET's 5-year EPS compound annual growth rate (CAGR) stands at +40.6%, indicating exceptional earnings growth. The company achieved its highest annual net income of $3.51B in fiscal 2025, representing a new all-time high.
Arista Networks, Inc. maintains industry-leading profitability with a gross margin of 64.1%, operating margin of 42.8%, and net margin of 39.0%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including CSCO ($11.08B net income, 18.0% margin), EXTR ($16M net income, -0.7% margin), CIEN ($229M net income, 2.6% margin), ANET has outperformed on profitability metrics. Compare ANET vs CSCO →
ANET Earnings vs Peers
Earnings metrics vs comparable public companies
ANET Historical Earnings Data (2012–2025)
14 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.51B | +23.1% | $3.86B | $2.75 | 39.0% | 42.8% |
| 2024 | $2.85B | +36.6% | $2.94B | $2.23 | 40.7% | 42.0% |
| 2023 | $2.09B | +54.3% | $2.26B | $1.65 | 35.6% | 38.5% |
| 2022 | $1.35B | +60.8% | $1.53B | $1.07 | 30.9% | 34.9% |
| 2021 | $841M | +32.5% | $925M | $0.66 | 28.5% | 31.4% |
| 2020 | $635M | -26.2% | $700M | $0.50 | 27.4% | 30.2% |
| 2019 | $860M | +162.1% | $806M | $0.66 | 35.7% | 33.4% |
| 2018 | $328M | -22.5% | $273M | $0.25 | 15.3% | 12.7% |
| 2017 | $423M | +129.8% | $470M | $0.33 | 25.7% | 28.6% |
| 2016 | $184M | +52.1% | $243M | $0.16 | 16.3% | 21.6% |
Full ANET Stock Analysis
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Start ComparisonANET — Frequently Asked Questions
Quick answers to the most common questions about buying ANET stock.
Is ANET growing earnings?
ANET EPS is $2.92, with earnings growth accelerating to +23.3%. This exceeds the 5-year CAGR of +40.6%. TTM net income reached $3.7B.
What are ANET's profit margins?
Arista Networks, Inc. net margin is +39.0%, with operating margin at +42.8%. Above-average margins indicate pricing power.
How consistent are ANET's earnings?
ANET earnings data spans 2012-2025. The accelerating earnings trend is +23.3% YoY. Historical data enables comparison across business cycles.