Sign in

ANET on NYSE

Arista Networks

Logo: Brandlogos.net, Public domain, via Wikimedia Commons6

American information technology company

Arista Networks, Inc. is an American provider of client to cloud networking services for large data center/AI, campus and routing environments.3 Its shares trade on NYSE under the symbol ANET.1 Wikipedia text CC BY-SA 4.0

$176.99 down 8.59 (4.63%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 21, 2026.

Overview

Oct 2004Founded1

Compare with Juniper Networks, F5, Inc. or Extreme Networks, or pick any stock.

  • TickerANET on NYSE1
  • Industrycomputer network1
  • HeadquartersSanta Clara1
  • Websitewww.arista.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address5453 Great America Parkway, Santa Clara, Ca 950547
  • Filer categoryLarge accelerated filer7
  • LEI635400H1WKBLOQERUU954
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address251 LITTLE FALLS DRIVE, 19808 New Castle, United States4
  • Registered withDivision of Corporations, Department of State, 50739994

See how the biggest companies compare on our leaderboards

Arista Networks, Inc. is an American provider of client to cloud networking services for large data center/AI, campus and routing environments.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

64.1%Gross margin9
42.8%Operating margin9
39.0%Net margin9
28.6%Revenue growth, 20259
28.4%Return on equity9

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 84% of the revenue Arista Networks broke down this way in fiscal 2025.

  1. Product$7.6B984%up 29% from 2024
  2. Service$1.4B916%up 28% from 2024
Products and services by year
Products and services202320242025
Product$5.0B$5.9B$7.6B
Service$830.7M$1.1B$1.4B

Regions

Americas brought in 44% of the revenue Arista Networks broke down this way in fiscal 2025.

  1. Americas$7.1B944%up 24% from 2024
  2. United States$7.1B944%up 25% from 2024
  3. EMEA$1.1B97%up 50% from 2024
  4. Asia Pacific$813.3M95%up 45% from 2024
Regions by year
Regions202320242025
Americas$4.7B$5.7B$7.1B
United States$4.5B$5.7B$7.1B
EMEA$671.0M$713.2M$1.1B
Asia Pacific$538.0M$560.9M$813.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue36¢$3.2B
  • Research and development14¢$1.2B
  • Other costs3¢$281.7M
  • Income tax8¢$738.3M
  • Profit39¢$3.5B

Out of $9.0B in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks37¢$1.6B
  • Kept or used elsewhere63¢$2.8B

Out of $4.4B of cash from operations.9

Financial statements

Revenue101112139$9.0B in 2025+274% since 2019
0$2.5B$5.0B$7.5B$10.0B2019: $2.4B$2.4B20192020: $2.3B$2.3B2020−4%2021: $2.9B$2.9B2021+27%2022: $4.4B$4.4B2022+49%2023: $5.9B$5.9B2023+34%2024: $7.0B$7.0B2024+20%2025: $9.0B$9.0B2025+29%
Gross profit101112139$5.8B in 2025+274% since 2019
0$2.0B$4.0B$6.0B2019: $1.5B$1.5B20192020: $1.5B$1.5B2020−4%2021: $1.9B$1.9B2021+27%2022: $2.7B$2.7B2022+42%2023: $3.6B$3.6B2023+36%2024: $4.5B$4.5B2024+24%2025: $5.8B$5.8B2025+28%
Operating income101112139$3.9B in 2025+379% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $805.8M$805.8M20192020: $699.7M$699.7M2020−13%2021: $924.7M$924.7M2021+32%2022: $1.5B$1.5B2022+65%2023: $2.3B$2.3B2023+48%2024: $2.9B$2.9B2024+30%2025: $3.9B$3.9B2025+31%
Net income101112139$3.5B in 2025+308% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $859.9M$859.9M20192020: $634.6M$634.6M2020−26%2021: $840.9M$840.9M2021+33%2022: $1.4B$1.4B2022+61%2023: $2.1B$2.1B2023+54%2024: $2.9B$2.9B2024+37%2025: $3.5B$3.5B2025+23%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Total revenue$9.0B$7.0B$5.9B
Total cost of revenue$3.2B$2.5B$2.2B
Gross profit$5.8B$4.5B$3.6B
Research and development$1.2B$996.7M$854.9M
Sales and marketing$533.4M$427.3M$399.0M
General and administrative$141.9M$122.7M$119.1M
Total operating expenses$1.9B$1.5B$1.4B
Income from operations$3.9B$2.9B$2.3B
Other income, net$393.6M$320.5M$164.7M
Income before income taxes$4.2B$3.3B$2.4B
Provision for income taxes$738.3M$413.0M$334.7M
Net income$3.5B$2.9B$2.1B
Basic (in dollars per share)$2.79$2.27$1.69
Diluted (in dollars per share)$2.75$2.23$1.65
Basic (in shares)1.3B shares1.3B shares1.2B shares
Diluted (in shares)1.3B shares1.3B shares1.3B shares

Compare Arista Networks with another company

Corporate structure

Arista Networks sits at the top of its group. 5 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Arista Networks

  • Arista Networks New Castle, Delaware, United States
    • ARISTA NETWORKS INDIA PRIVATE LIMITED Subsidiary · Bangalore, India
      • ARISTA NETWORKS SOLUTIONS INDIA PRIVATE LIMITED Subsidiary · Bangalore, India
      • MOJO NETWORKS PRIVATE LIMITED Subsidiary · Bangalore, India
    • Arista Technology Limited Subsidiary · Dublin, Ireland

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Arista Networks reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$451.8M9 Dec 31, 2025$318.2M9 Dec 31, 2024+42.0%
Accumulated depreciation$248.7M9 Dec 31, 2025$219.4M9 Dec 31, 2024+13.4%
Property and equipment, net$203.1M9 Dec 31, 2025$98.8M9 Dec 31, 2024+105.6%
Operating-lease assets (leased space)$52.0M13 Dec 31, 2024$55.9M13 Dec 31, 2023−7.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.0B9 Dec 31, 2025$2.8B9 Dec 31, 2024−28.9%
Marketable securities, current$8.8B9 Dec 31, 2025$5.5B9 Dec 31, 2024+58.4%
Debt securities available for sale$8.8B9 Dec 31, 2025$5.5B13 Dec 31, 2024+58.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$416.1M9 Dec 31, 2025$268.5M9 Dec 31, 2024+55.0%
Finite-lived intangibles, gross$490.3M9 Dec 31, 2025$221.9M9 Dec 31, 2024+121.0%
Accumulated amortization$201.5M9 Dec 31, 2025$159.9M9 Dec 31, 2024+26.0%
Finite-lived intangibles, net$288.8M9 Dec 31, 2025$62.0M9 Dec 31, 2024+365.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$2.2B9 Dec 31, 2025$1.8B9 Dec 31, 2024+22.5%
Raw materials$611.2M9 Dec 31, 2025$565.4M9 Dec 31, 2024+8.1%
Finished goods$1.6B9 Dec 31, 2025$1.3B9 Dec 31, 2024+28.9%

Properties, in its own words

Our corporate headquarters are located in Santa Clara, California where we lease approximately 180,000 square feet of space under a lease agreement that expires in March 2027. During the year ended December 31, 2021, we purchased land and the improvements thereon in Santa Clara, California to construct a building for office, lab and data center space. In addition, we lease office spaces for data centers, operations, sales personnel and research and development in locations throughout the U.S. and various international locations, including Ireland, Canada, India, and Australia. We also lease data centers in the U.S., Ireland and Australia. We believe that our current facilities are adequate to meet our current needs and are being utilized by our business.

Item 2 of the 10-K filed Feb 17, 2026.18

The story

Arista Networks was founded and incorporated in 2008, evolving from its roots in Arastra, established in 2004. Arista went public as ANET in 2014 and entered the S&P 100 in 2026 and was recognized on the 2026 Fortune 500 list of the largest United States corporations by revenue. It provides cloud and AI high performance networking. Members of Arista’s leadership team have experience in networking and innovation.

In June 2014, Arista Networks had its initial public offering on the New York Stock Exchange under the symbol ANET.

In December 2014, Cisco filed two lawsuits against Arista alleging intellectual property infringement., and the United States International Trade Commission issued limited exclusion and cease-and-desist orders concerning two of the features patented by Cisco and upheld an import ban on infringing products. In 2016, on appeal, the ban was reversed following product changes and two overturned Cisco patents, and Cisco's claim was dismissed. In August 2018, Arista agreed to pay Cisco US$400 million as part of a settlement that included a release for all claims of infringement by Cisco, dismissal of Arista's antitrust claims against Cisco, and a 5-year stand-down between the companies.

In August 2018, Arista Networks acquired Mojo Networks. In September 2018, Arista Networks acquired Metamako and integrated its low-latency product line as the 7130 series. In February 2020, Arista acquired Big Switch Networks. In October 2020, Arista acquired Awake Security.

Arista's CEO, Jayshree Ullal, was named to Barron's list of World's Best CEOs in 2018 and 2019.

In August 2022, Arista Networks acquired Pluribus Networks, a unified cloud network company, for an undisclosed sum.

In July 2025, Arista expanded its AI-driven campus and branch networking offerings and acquired the VeloCloud SD-WAN portfolio from Broadcom. This combination of innovations has the potential to bring operational ease through zero touch operations, proactive monitoring, and automated troubleshooting across the broad set of client-to-cloud networking domains.

Jayshree Ullal was named on the Fortune Most Powerful Women 2026 list.

From Wikipedia’s article on Arista Networks, shared under CC BY-SA 4.0.8

Leadership

Who has led Arista Networks, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jayshree Ullal2014–now

Chair

  1. Jayshree Ullal2025–now

President

  1. Jayshree Ullal2014–2025
  2. Todd Nightingale2025
  3. Kenneth Duda2025–now

Chief financial officer

  1. Kelyn Brannon-Ahn2014–2015
  2. Ita M. Brennan2015–2023
  3. Chantelle Yvette Breithaupt2024–now

Chief operating officer

  1. Anshul Sadana2019–2024
  2. Todd Nightingale2025–now
20052010201520202025
Board members and other officers (20)

Products and brands

  • networking hardware

Listed on Wikidata.1

Extensible Operating System

Arista Extensible Operating System (EOS) is a network operating system with a feature set optimized for data center, campus and routing network use-cases across Cloud, AI, Enterprise, and Service Provider environments. Built on modern cloud operations principles, EOS operates as a single software base across Arista’s entire hardware portfolio, while also supporting virtualized (vEOS) and containerized (cEOS) deployments.

Core Architecture and State-Sharing Model

EOS is a networking stack built on an unmodified Linux kernel. Its design philosophy is a multi-process state-sharing architecture that completely separates state information from operational processes, unlike legacy operating systems that rely on monolithic kernels with fate-sharing code paths.

Protocol processing, security functions, and hardware drivers run entirely in the user address space as independent processes called agents. The center of this architecture is an in-memory database, SysDB, that governs system state via a streamlined publish/subscribe model:

State Decoupling: Agents never communicate directly with one another. Instead, they publish state changes to the central database, which automatically streams asynchronous notifications to any agents subscribed to those specific state types.

Read the full text

Software Fault Containment: Because services are strictly isolated in user space, a software defect or crash in one agent does not trigger a full system failure.

Stateful Restarts: If an agent restarts, it instantly re-subscribes to the central database and picks up exactly where it left off, achieving sub-50ms fault recovery and fast network convergence without rebuilding its state from scratch.

High Availability and Hitless Upgrades

Built explicitly for mission-critical production environments, EOS delivers high availability through its design:

Hitless Software Patches: Operators can apply hotfixes, often for security vulnerability patches, to an individual process level in real-time. The targeted agent restarts cleanly without impacting other system processes or disturbing the underlying data forwarding plane.

Smart System Upgrades (SSU): EOS supports hitless full-image upgrades. By leveraging accelerated software restarts, EOS upgrades the entire operating system image while maintaining continuous packet forwarding, helping to eliminate the need for planned downtime.

Evolution to Network-Wide State: Sysdb and NetDL

Device-level state sharing has historically been governed by SysDB, Arista's multi-process state repository present in every EOS instance. Modern EOS infrastructure expands this foundation into a Network Data Lake (NetDL). NetDL extends the EOS architecture beyond a single switch, centralizing and streaming device-level and network-wide states in real-time to a centralized repository. This functions as a network-wide software foundation for comprehensive visibility and predictive analytics, and serves as the basis for centralized management applications like Arista CloudVision.

Programmability and Modern NetDevOps

The pure Linux foundation of EOS allows the deployment of native Linux tools directly on the switch alongside modern DevOps frameworks. To support modern NetDevOps pipelines—treating network infrastructure as code—EOS offers an extensive programmability toolset:

eAPI (External API): A JSON-RPC based interface that allows operators to execute CLI commands remotely and retrieve outputs as structured JSON key-value pairs, eliminating brittle legacy screen-scraping methods.

EOS SDK: A native software development kit enabling operators to write custom, high-performance C++ or Python applications that run natively on the switch with direct programmatic access to the underlying hardware forwarding tables.

Modern Telemetry: Operating via open standards (like OpenConfig and gRPC), EOS continuously streams real-time system states directly to central monitoring fabrics like CloudVision for granular, historic forensic analysis.

Ethernet switches

Arista's switching portfolio spans cloud, AI, enterprise campus, routing, and ultra-low-latency environments. The product families include:

7800R4 and 7800R3 Series

High-performance modular routing and AI networking platforms designed for hyperscale cloud, AI, service provider, and large enterprise deployments. The 7800R family delivers scalable 400G and 800G Ethernet connectivity, advanced routing capabilities, deep buffering, and high-density spine architectures for next-generation AI clusters and data center fabrics.

7700R4 Series

Distributed Etherlink™ switching platforms optimized for large-scale AI networks. The 7700R4 family enables ultra-high-bandwidth AI cluster interconnects with support for 400G and 800G Ethernet, low-latency transport, and scalable AI fabric architectures.

7500R3 Series

Modular universal spine and routing systems providing deep-buffer performance, large routing tables, and cloud-scale resiliency. Designed for data center, cloud, and service provider networks requiring high-performance routing and switching at scale.

7388X5 Series

Compact modular spine switches delivering high-density 400GbE connectivity for modern data center and AI network architectures. The platform combines scalability, operational efficiency, and investment protection for evolving cloud infrastructures.

7280R4 and 7280R3 Series

Universal leaf, spine, and routing platforms featuring deep-buffer Virtual Output Queuing (VOQ) architecture. Available in multiple fixed-form-factor configurations supporting 10GbE through 400GbE interfaces, these systems are widely deployed in cloud, enterprise, and service provider environments.

7060X6 & XE7 Series

High-density data center switches supporting 100GbE, 400GbE, 800GbE and 1.6Tbps Ethernet connectivity. Designed for AI/ML workloads, cloud-scale applications, and next-generation data center fabrics.

7060X5, 7060X4, and 7050X Series

Fixed-configuration leaf and spine switches providing high-performance Ethernet connectivity from 10GbE through 400GbE. These platforms offer low latency, high port density, and flexible deployment options for enterprise and cloud data centers.

720XP, 722XPM, 720D, and 710P Campus Series

Enterprise access switches delivering multi-gigabit Ethernet, PoE/PoE++, MACsec encryption, and advanced telemetry capabilities. These systems form the foundation of Arista's Cognitive Campus architecture.

750 Series Modular Campus Switches

High-performance modular campus platforms providing scalable aggregation and core networking services for large enterprise environments, supporting integrated wired and wireless operations.

7130 Series

Ultra-low-latency programmable switching platforms combining FPGA acceleration, Layer 1 switching, packet capture, and advanced market-data processing capabilities. Widely deployed in financial trading, telecommunications, and specialized low-latency environments.

7170 Series

Programmable switching platforms supporting customized packet processing, advanced telemetry, and application-specific networking functions using programmable data plane technologies.

All platforms operate on Arista EOS® (Extensible Operating System), providing a consistent software architecture, automation framework, telemetry, observability, and operational model across data center, campus, WAN, and cloud deployments.

Key Deployment Areas

Arista Ethernet switches are widely deployed across:

AI and GPU cluster networking

Hyperscale cloud data centers

Enterprise data centers

Service provider networks

Campus and branch environments

Financial trading infrastructure

High-performance computing (HPC) environments

The combination of high-performance switching, cloud-scale routing, low-latency networking, and a common EOS software platform enables organizations to build scalable, resilient, and AI-ready network infrastructures.

Wireless, Security, Observability, and SD-WAN Solutions

Beyond its Ethernet switching and routing portfolio, Arista provides a comprehensive suite of wireless networking, network security, observability, and software-defined WAN (SD-WAN) solutions. These offerings extend Arista's cloud networking architecture from the data center to the campus, branch, edge, and multi-cloud environments.

Wireless Networking

Arista's Cognitive Wi-Fi portfolio delivers cloud-managed wireless networking for enterprise campuses, branch offices, educational institutions, healthcare organizations, and distributed enterprises.

Key capabilities include:

Wi-Fi 6, Wi-Fi 6E, and Wi-Fi 7 access points

Cloud-native wireless management

AI-driven radio frequency (RF) optimization

Location services and asset tracking

User and device analytics

Seamless integration with wired campus infrastructure

Automated troubleshooting and network assurance

Arista's wireless architecture provides a unified operational model across wired and wireless networks through centralized management and policy enforcement.

Network Security

Arista's security portfolio is built around a Zero Trust networking model and combines network visibility, behavioral analytics, and threat detection capabilities.

Key security solutions include:

Network Detection and Response (NDR)

AI-driven threat detection and anomaly identification

East-west traffic visibility across campus, data center, and cloud environments

Device and user behavioral analytics

Asset discovery and classification

Network segmentation and micro-segmentation

Identity-based policy enforcement

MACsec encryption support across campus and data center networks

Arista's security architecture enables organizations to detect, investigate, and respond to threats while maintaining operational simplicity across distributed environments.

Network Observability and Operations

Arista provides a comprehensive network operations platform through CloudVision®, offering end-to-end visibility, automation, and assurance across data center, campus, cloud, and WAN infrastructures.

Key capabilities include:

Real-time streaming telemetry

Network-wide configuration management

Automated provisioning and change control

Compliance monitoring and auditing

Root-cause analysis and troubleshooting

Application and network performance monitoring

Capacity planning and predictive analytics

Network digital twin capabilities for testing and validation

End-to-end infrastructure observability

CloudVision serves as a centralized management platform that enables consistent operations across physical, virtual, and cloud-based networking environments.

SD-WAN and Secure Edge Networking

Arista's SD-WAN portfolio provides secure connectivity for branch offices, remote users, cloud applications, and distributed enterprise networks.

Key capabilities include:

Application-aware traffic steering

Dynamic path selection and optimization

Multi-cloud connectivity

Secure branch networking

Broadband, MPLS, and wireless WAN integration

Centralized policy management

WAN performance analytics

Automated deployment and provisioning

Integrated security and segmentation

The platform enables organizations to simplify WAN operations while improving application performance and reducing connectivity costs across geographically distributed locations.

From Wikipedia’s article on Arista Networks, shared under CC BY-SA 4.0.8

Timeline

  1. Aug 4, 20268-K Results of operations45
  2. Jun 2, 20268-K Shareholder vote46
  3. May 5, 20268-K Results of operations47
  4. Feb 12, 20268-K Results of operations48
  5. Nov 4, 20258-K Results of operations49
  6. Sep 8, 20258-K Executive or director change; Bylaws or fiscal year changed; Other events50
  7. Aug 5, 20258-K Results of operations51
  8. Jun 16, 20258-K Executive or director change52
  9. Jun 3, 20258-K Shareholder vote53
  10. May 6, 20258-K Results of operations; Executive or director change; Other events54
  11. Mar 17, 20258-K Executive or director change; Other events55
  12. Feb 18, 20258-K Results of operations56
  13. Jun 5, 2014New chief executive Jayshree Ullal becomes CEO19
  14. Oct 2004Founded Founded1

Calendar

Coming up

  1. Nov 3, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.67 a share, on Nov 4, 2025.57

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results45
  2. May 5, 2026Reported quarterly or annual results47
  3. Feb 12, 2026Reported quarterly or annual results48
  4. Nov 4, 2025Reported quarterly or annual results49
  5. Aug 5, 2025Reported quarterly or annual results51
  6. May 6, 2025Reported quarterly or annual results54
  7. Feb 18, 2025Reported quarterly or annual results56
  8. Nov 7, 2024Reported quarterly or annual results58

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

1,102 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 38 major events, 752 insider forms, 14 large holders, 278 other. The latest 20:

  1. Oct 13, 20264 PRIMARY DOCUMENT EDGAR
  2. Oct 9, 2026144 EDGAR
  3. Oct 9, 20264 PRIMARY DOCUMENT EDGAR
  4. Oct 8, 2026144 EDGAR
  5. Oct 8, 20264 PRIMARY DOCUMENT EDGAR
  6. Oct 8, 20264 PRIMARY DOCUMENT EDGAR
  7. Oct 7, 2026144 EDGAR
  8. Oct 6, 2026144 EDGAR
  9. Oct 6, 2026144 EDGAR
  10. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  11. Sep 29, 20264 PRIMARY DOCUMENT EDGAR
  12. Sep 25, 2026144 EDGAR
  13. Sep 23, 20264 PRIMARY DOCUMENT EDGAR
  14. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  15. Sep 17, 2026144 EDGAR
  16. Sep 14, 20264 PRIMARY DOCUMENT EDGAR
  17. Sep 10, 20264 PRIMARY DOCUMENT EDGAR
  18. Sep 10, 20264 PRIMARY DOCUMENT EDGAR
  19. Sep 8, 2026144 EDGAR
  20. Sep 3, 20264 PRIMARY DOCUMENT EDGAR

The 1,102 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

456 open-market trades by officers, directors and large owners since October 2021: 0 buys and 456 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 25, 2026Ullal JayshreeCEO and ChairpersonSale62,622$211.40$13.2MForm 4
Sep 21, 2026Duda KennethPresident and CTOSale43,333$203.50$8.8MForm 4
Sep 17, 2026BECHTOLSHEIM ANDREAS10% ownerSale300,000$198.95$59.7MForm 4
Sep 8, 2026TEMPLETON MARK BDirectorSale5,000$197.16$985.8KForm 4
Sep 1, 2026Breithaupt Chantelle YvetteSenior Vice President, CFOSale612$195.77$119.8KForm 4
Aug 27, 2026BECHTOLSHEIM ANDREAS10% ownerSale300,000$202.60$60.8MForm 4
Aug 25, 2026Ullal JayshreeCEO and ChairpersonSale13,809$191.80$2.6MForm 4
Aug 21, 2026Battles Kelly BodnarDirectorSale422$187.34$79.1KForm 4
Aug 20, 2026Duda KennethPresident and CTOSale43,333$185.42$8.0MForm 4
Aug 12, 2026Ullal JayshreeCEO and ChairpersonSale573,509$208.13$119.4MForm 4
Aug 6, 2026BECHTOLSHEIM ANDREAS10% ownerSale411,848$192.75$79.4MForm 4
Aug 5, 2026BECHTOLSHEIM ANDREAS10% ownerSale300,000$203.30$61.0MForm 4
Aug 5, 2026Ullal JayshreeCEO and ChairpersonSale767,029$201.22$154.3MForm 4
Aug 5, 2026Ullal JayshreeCEO and ChairpersonSale1,032$201.24$207.7KForm 4
Aug 5, 2026Ullal JayshreeCEO and ChairpersonSale331,434$201.22$66.7MForm 4
Aug 3, 2026Giancarlo Charles HDirectorSale8,000$181.02$1.4MForm 4
Jul 20, 2026Duda KennethPresident and CTOSale43,333$170.52$7.4MForm 4
Jul 14, 2026BECHTOLSHEIM ANDREAS10% ownerSale300,000$180.77$54.2MForm 4
Jul 10, 2026Ullal JayshreeCEO and ChairpersonSale234,578$187.18$43.9MForm 4
Jul 9, 2026Ullal JayshreeCEO and ChairpersonSale242,422$188.17$45.6MForm 4

All 456 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Todd NightingalePresident, Chief Operating Officer46$183.2K$52.3M64
2025Chantelle BreithauptChief Financial Officer54$325.3K$7.2M64
2025Kenneth DudaPresident, Chief Technology Officer54$300.0K$7.2M64
2025Jayshree UllalChief Executive Officer65$300.0K$2.9M64
2025Marc TaxayFormer Senior Vice President, General Counsel$116.4K$364
2024Kenneth DudaPresident, Chief Technology Officer54$300.0K$35.2M64
2024Chantelle BreithauptChief Financial Officer54$302.9K$12.3M64
2024Jayshree UllalChief Executive Officer65$300.0K$8.9M64
2024Marc TaxayFormer Senior Vice President, General Counsel$315.0K$5.3M64
2023Jayshree UllalChief Executive Officer65$300.0K$15.6M64
2023Kenneth DudaPresident, Chief Technology Officer54$300.0K$4.4M64
2023Marc TaxayFormer Senior Vice President, General Counsel$315.0K$3.4M64

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.91,383,843$15.5B0.2%−523,799
Vanguard Capital Management LLC68,688,349$11.7B0.2%+418,143
State Street Corp48,165,803$8.2B0.2%+1,403,812
Fmr LLC47,349,865$8.0B0.3%−4,956,761
Geode Capital Management, LLC27,505,753$4.7B0.2%+276,473
Vanguard Portfolio Management LLC25,808,745$4.4B0.2%−30,929
Morgan Stanley19,696,435$3.3B0.2%+1,191,258
Cresset Asset Management, LLC19,368,054$3.3B12.0%−1,324,657
Capital Research Global Investors13,164,137$2.2B0.3%−1,595,030
Ameriprise Financial Inc12,800,606$2.2B0.4%+2,771,999
Norges Bank12,246,920$2.1B0.2%New
Jpmorgan Chase & Co11,715,728$1.9B0.1%+1,194,429
Nuveen, LLC10,735,597$1.8B0.4%−1,861,869
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC10,462,016$1.8B0.3%−158,726
Northern Trust Corp10,139,095$1.7B0.2%−4,116
Massachusetts Financial Services Co /ma/9,725,196$1.7B0.5%+2,497,275
Franklin Resources Inc9,928,605$1.7B0.4%+1,874,686
Goldman Sachs Group Inc9,640,843$1.6B0.2%−491,198
Schroder Investment Management Group9,622,283$1.6B1.2%−134,870
Deutsche Bank Ag\9,357,496$1.6B0.5%+388,354
PeakShares LLC9,262$1.6B1.2%+877
Wellington Management Group Llp8,440,963$1.4B0.2%+470,451
Charles Schwab Investment Management Inc8,233,091$1.4B0.2%+586,952
Arrowstreet Capital, Limited Partnership7,615,964$1.3B0.6%−843,081
Amundi7,309,036$1.2B0.3%−1,755,407

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

47 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jul 10, 2026Dan NewhouseRepublican, HouseBuy$1,001 - $15,000−7.6%Report
Mar 27, 2026Alan ArmstrongRepublican, SenateBuy$1,001 - $15,000+24.8%Report
Mar 25, 2026Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000−13.6%Report
Jan 30, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000+13.3%Report
Dec 24, 2025Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000−23.5%Report
Dec 11, 2025John BoozmanRepublican, SenateBuy$1,001 - $15,000+19.7%Report
Nov 18, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000+26.4%Report
Nov 13, 2025John BoozmanRepublican, SenateBuy$1,001 - $15,000+21.0%Report
Oct 17, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000+7.5%Report
Oct 14, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000−11.0%Report
Sep 23, 2025Val T. HoyleDemocratic, HouseSale$1,001 - $15,000−6.5%Report
Aug 13, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000+8.6%Report
Jul 21, 2025Angus S. King, Jr.Independent, SenateBuy$1,001 - $15,000+35.8%Report
Jul 14, 2025Val T. HoyleDemocratic, HouseBuy$1,001 - $15,000+39.8%Report
Jul 3, 2025James ComerRepublican, HousePartial sale$1,001 - $15,000−49.2%Report
May 29, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000−74.1%Report
May 12, 2025Jefferson ShreveRepublican, HouseSale$50,001 - $100,000−59.3%Report
Apr 29, 2025Val T. HoyleDemocratic, HouseSale$1,001 - $15,000−80.0%Report
Apr 8, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000−99.2%Report
Apr 7, 2025Jefferson ShreveRepublican, HouseBuy$15,001 - $50,000+106.6%Report
Apr 1, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000−87.9%Report
Mar 27, 2025Greg LandsmanDemocratic, HouseSale$1,001 - $15,000−88.0%Report
Mar 20, 2025Byron DonaldsRepublican, HouseBuy$1,001 - $15,000+76.8%Report
Mar 20, 2025Byron DonaldsRepublican, HouseBuy$1,001 - $15,000+76.8%Report
Mar 20, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000−76.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Arista Networks is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARArista Networks, Inc.2
  • CIK0001596532
  • Employer ID (EIN)20-175112118
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inDelaware18
  • Fiscal year endsDecember 312
  • Industry code (SIC)3576 Computer Communications Equipment2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address5453 Great America Parkway, Santa Clara, CA 950542
  • Phone408-547-55002
  • Shares outstanding1,261,224,648 as of Jul 30, 202615
  • Public float$105.6B as of Jun 30, 202518
  • AuditorErnst & Young LLP, San Jose, California PCAOB ID 42; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceJan 31, 20142
  • Filings2,116 in all: 4 (1,551), 144 (237), 8-K (89), SC 13G/A (40), 10-Q (37), 3 (24), DEFA14A (15), 10-K (12)2
    All 33 form types

    DEF 14A (12), S-8 (12), 4/A (11), CORRESP (10), SD (10), CT ORDER (8), UPLOAD (8), SC 13G (7), 144/A (6), ARS (5), IRANNOTICE (4), S-1/A (3), 10-Q/A (2), 5 (2), 10-K/A (1), 424B4 (1), 8-A12B (1), CERTNYS (1), D (1), DRS (1), EFFECT (1), S-1 (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1), SD/A (1)

  • Latest filingsAnnual report (10-K) Feb 17, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Apr 16, 2026
    Latest 8-K (8-K) Aug 4, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.0001 par valueANETNew York Stock Exchange

From the cover page of the 10-K filed Feb 17, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks Arista Networks names in Item 1A of its 10-K filed Feb 17, 2026: 57 risks under these headings, as written.18

  • You should consider carefully the risks and uncertainties described below, together with all of the other information in this Annual Report on Form 10-K, which could materially affect our business, financial condition, results of operations and prospects. The risks described below are not the only risks facing us. Risks and uncertainties not currently known to us or that we currently deem to be immaterial may also materially affect our business, financial condition, results of operations and prospects.
  • Risks Related to Our Business and Industry
  • Risks Related to Customers and Sales
  • Risks Related to Products and Services
  • Risks Related to Supply Chain and Manufacturing
  • Risks Related to Intellectual Property and Other Proprietary Rights
  • Risks Related to Cybersecurity and Data Privacy
  • Risks Related to Accounting, Compliance, Regulation and Tax
  • Risks Related to Ownership of Our Common Stock
  • General Risks
  • Some of the key components in our products come from sole or limited sources of supply.
  • We expect large purchases by a limited number of customers to continue to represent a substantial portion of our revenue, and any loss, delay, decline or other change in expected purchases could result in material quarter-to-quarter fluctuations of our revenue or otherwise adversely affect our results of operations.
The other 54 risks
  • Escalated or escalating U.S. tariffs, as well as countermeasures and retaliatory actions taken by other countries, may have a negative effect on global economic conditions, financial markets and our business.
  • Adverse economic conditions, continuing uncertain economic conditions or reduced information technology and network infrastructure spending may adversely affect our business, financial condition, results of operations and prospects.
  • We have entered into significant purchase commitments and are susceptible to supply shortages, extended lead times or supply changes, which could disrupt or delay our scheduled product deliveries to our customers and may result in the loss of sales and customers.
  • Our revenue and revenue growth rates are volatile and may decline or not meet our or our investors' expectations.
  • We expect our gross margins to vary over time and may be adversely affected by numerous factors.
  • Our results of operations have varied significantly from period to period and are unpredictable and if we fail to meet the expectations of analysts or investors or our previously issued financial guidance, or if any forward-looking financial guidance does not meet the expectation of analysts or investors, the market price of our common stock could decline substantially.
  • The networking market is rapidly evolving. If this market does not evolve as we anticipate or our target customers do not adopt our networking solutions, we may not be able to compete effectively, and our ability to generate revenue will suffer.
  • We pursue new product and service offerings and expand into adjacent markets, and if we fail to successfully carry out these initiatives, our business, financial condition, or results of operations could be adversely impacted.
  • We face intense competition, especially from larger, well-established companies and industry consolidation may lead to increased competition, which may harm our business, financial condition, results of operations and prospects.
  • We are subject to a number of risks associated with the expansion of our international sales and operations.
  • We have invested and may continue to invest in or acquire other businesses which could require significant management attention, disrupt our business, dilute stockholder value and adversely affect our business, financial condition, results of operations and prospects.
  • Industry cyclicality may cause fluctuations in our revenue and results of operations.
  • We are exposed to fluctuations in currency exchange rates, which could adversely affect our business, financial condition, results of operations and prospects.
  • Any failure to raise additional capital to expand our operations, invest in new products or for other corporate purposes on terms satisfactory to us could reduce our ability to compete and could harm our business, financial condition, results of operations and prospects.
  • If we are unable to attract new large customers or to sell additional products and services in the AI Ethernet, Campus Workspace and Network Security Markets, to our existing customers, our revenue growth will be adversely affected and our revenue could decrease.
  • Sales of our switches and routing platforms generate most of our product revenue, and if we are unable to continue to grow sales of these products, our business, financial condition, results of operations and prospects will suffer.
  • If we are unable to increase market awareness or acceptance of our new products and services, our revenue may not continue to grow or may decline.
  • The sales prices of our products and services may decrease, which may reduce our gross profits and adversely affect our results of operations.
  • Our sales cycles can be long and unpredictable, and our sales efforts require considerable time and expense. As a result, our sales and revenue are difficult to predict and may vary substantially from period to period, which may cause our results of operations to fluctuate significantly.
  • If we are unable to offer high-quality support and services offerings, this could adversely affect our business, financial condition, results of operations and prospects.
  • Declines in maintenance renewals and support contracts by customers could harm our future business, financial condition, results of operations and prospects.
  • Our standard sales contracts contain indemnification provisions requiring us to defend our customers against third-party claims that could expose us to losses which could seriously harm our business, financial conditions, results of operations and prospects.
  • In addition to our own direct sales force, we rely on distributors, systems integrators and value-added resellers to sell our products, and our failure to effectively develop, manage or prevent disruptions to our distribution channels and the processes and procedures that support them could cause a reduction in the number of customers of our products.
  • A portion of our revenue is generated by sales to government entities, which are subject to a number of challenges and risks.
  • We are exposed to the credit risk of our channel partners and some of our customers, which could result in material losses.
  • Product quality problems, defects, errors or vulnerabilities in our products or services could harm our reputation and adversely affect our business, financial condition, results of operations and prospects.
  • If we do not successfully anticipate technological shifts and introduce products and product enhancements that meet those technological shifts, if those products are not made available in a timely manner or do not gain market acceptance, or if we do not successfully manage product introductions, we may not be able to compete effectively, and our ability to generate revenue will suffer.
  • If we are unable to devote the necessary resources to ensure that our products interoperate with operating systems, software applications and hardware that is developed by others, we may lose or fail to increase market share and experience a weakening demand for our products.
  • Insufficient component supply and inventory management and the time to manufacture our products may result in lost sales opportunities or delayed revenue, while excess inventory may harm our gross margins.
  • We are susceptible to manufacturing delays and pricing fluctuations that could prevent us from shipping end-customer orders on time, if at all, or on a cost-effective basis, which may result in the loss of sales and customers.
  • We base our inventory requirements on our forecasts for future sales. If these demand forecasts materially change from our initial projections, we may procure inventory that we may be unable to use in a timely manner or at all.
  • Interruptions or delays in shipments could cause our revenue for the applicable period to fall below expected levels.
  • Assertions by third parties of infringement, misappropriation or other violations by us of their intellectual property rights, or other lawsuits asserted against us, could result in significant costs and substantially harm our business, financial condition, results of operations and prospects.
  • If we are unable to protect our intellectual property rights, our competitive position could be harmed or we could be required to incur significant expenses to enforce our rights.
  • We rely on the availability of licenses to third-party software and other intellectual property.
  • Our products contain third-party open source software components, and failure to comply with the terms of the underlying open source software licenses could restrict our ability to sell our products.
  • We provide access to our software and other selected source code to certain partners, which creates additional risk that our competitors could develop products that are similar to or better than ours.
  • Our products, services, and external facing or internal network systems, or those of third parties on which we rely, could experience cybersecurity incidents, and defects, errors, or vulnerabilities in our products, or the misuse of our products, could lead to cybersecurity incidents or a failure to detect cybersecurity incidents, create product liability risks, damage our reputation, adversely impact our operating results, or otherwise negatively impact our business.
  • We, or third parties on which we rely, could experience cybersecurity incidents relating to our information systems, or our products, services, or data, which could disrupt our operations or our ability to provide services, cause vulnerabilities or perceived vulnerabilities in our product, compromise intellectual property or other sensitive data, harm our reputation, damage customer or other relationships, delay our ability to recognize revenue, lead to significant costs, legal proceedings, legal liability, or enforcement actions, or otherwise negatively impact our business.
  • Foreign investment laws and regulations, and other trade or regulatory barriers, may have a negative effect on global economic conditions, financial markets and our business.
  • Enhanced U.S. trade restrictions affecting China and other countries, including export controls, import regulations, and foreign investment regulations, as well as countermeasures taken by affected countries may have a negative effect on global economic conditions, financial markets and our business.
  • If we fail to maintain effective internal control over financial reporting in the future, the accuracy and timing of our financial reporting may be adversely affected.
  • If our estimates or judgments relating to our critical accounting policies are based on assumptions that change or prove to be incorrect or if there is a change in accounting principles, our results of operations could fall below expectations of securities analysts and investors, resulting in a decline in the market price of our common stock.
  • Changes in our income taxes or our effective tax rate, enactment of new tax laws or changes in the application of existing tax laws of various jurisdictions or adverse outcomes resulting from examination of our income tax returns could adversely affect our results.
  • Failure to comply with governmental laws and regulations, including privacy laws, environmental laws and export controls, could harm our business.
  • Privacy Laws
  • Environmental Laws
  • Export Controls
  • Issues in the development and use of artificial intelligence, combined with an uncertain regulatory environment, may result in reputational harm, liability, or other adverse consequences to our business operations.
  • The trading price of our common stock has been and may continue to be volatile, and the value of your investment could decline.
  • We have adopted stock repurchase programs to repurchase shares of our common stock; however, any future decisions to reduce or discontinue repurchasing our common stock pursuant to such stock repurchase programs could cause the market price of our common stock to decline.
  • Sales of substantial amounts of our common stock in the public markets, or the perception that such sales might occur, could reduce the market price that our common stock might otherwise attain and dilute your voting power and your ownership interest in us.
  • Insiders have substantial control over us, which could limit your ability to influence the outcome of key transactions, including a change of control.
  • Our charter documents and Delaware law could discourage takeover attempts and lead to management entrenchment.
  • We may become involved in litigation that may materially adversely affect us.
  • If we are unable to hire, retain, train and motivate qualified personnel and senior management, our business, financial condition, results of operations and prospects could suffer.
  • We have not paid dividends in the past and do not intend to pay dividends for the foreseeable future.

Legal proceedings

The information set forth under the “Legal Proceedings” in Note 5. Commitments and Contingencies of the Notes to Consolidated Financial Statements included in Part II, Item 8, of this Annual Report on Form 10-K is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.18

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
    Yahoo FinanceANET quote
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64