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ANET · Arista Networks, Inc.

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$180.35 +9.33 (+5.46%) At close · Jul 31
Customer concentration — top customer 26% of revenue

One customer — 26% of revenue (the year ended December 31, 2025)

“Sales to one end customer represented 16%, 15%, and 21% of our total revenue, and sales to the other end customer represented 26%, 20%, and 18% of our total revenue for the years ended December 31, 2025, 2024, and 2023, respectively.”

One customer — 16% of revenue (the year ended December 31, 2025)

“Sales to one end customer represented 16%, 15%, and 21% of our total revenue, and sales to the other end customer represented 26%, 20%, and 18% of our total revenue for the years ended December 31, 2025, 2024, and 2023, respectively.”
View the 10-Q filed May 6, 2026
Market Cap
$215.35B
Shares
1.26B

Arista Networks, Inc. Earnings Call Transcripts

Every quarterly earnings call for Arista Networks, Inc. (ANET) — the full transcript with speaker labels, the audio replay, AI call highlights and a management-tone score, plus the matching 8-K earnings release and the quarter's 10-Q or 10-K. Investor days and conferences appear here too.

Revenue & result across quarters

Revenue Net income YoY up YoY down artefacts
▲57.2% $1.18B $354.00M '22 Q3 22-10-31 ▲54.7% $1.28B $427.09M '22 Q4 23-02-13 ▲54.1% $1.35B $436.47M '23 Q1 23-05-01 ▲38.7% $1.46B $491.88M '23 Q2 23-07-31 ▲28.3% $1.51B $545.33M '23 Q3 23-10-30 ▲20.8% $1.54B $613.62M '23 Q4 24-02-12 ▲16.3% $1.57B $637.70M '24 Q1 24-05-07 ▲15.9% $1.69B $665.40M '24 Q2 24-07-30 ▲20% $1.81B $748.00M '24 Q3 24-11-07 ▲25.3% $1.93B $801.00M '24 Q4 25-02-18 ▲27.6% $2.00B $813.80M '25 Q1 25-05-06 ▲30.4% $2.20B $888.80M '25 Q2 25-08-05 ▲27.5% $2.31B $853.00M '25 Q3 25-11-04 ▲28.9% $2.49B $955.80M '25 Q4 26-02-12 LATEST ▲35.1% $2.71B $1.02B '26 Q1 26-05-05
Conference
Investor event
2026-09-10
Citi's 2026 Global TMT Conference
Scheduled
No reported result — non-financial event
Audio Transcript Slides
Conference
Investor event
2026-09-08
Goldman Sachs Communacopia + Technology Conference 2026
Scheduled
No reported result — non-financial event
Audio Transcript Slides
Earnings call
FY26 · Q2
2026-08-04
Arista Networks Q2 2026 Earnings Conference Call & Webcast
Scheduled
Results not yet reported
Audio Transcript Slides 8-K10-Q
Conference
Investor event
2026-06-03
Bank of America Global Technology Conference 2026
No reported result — non-financial event
Audio Transcript Slides
Conference
Investor event
2026-06-02
William Blair 46th Annual Growth Stock Conference
No reported result — non-financial event
Audio Transcript Slides
Annual General Meeting
Investor event
2026-05-29
2026 Annual Meeting of Stockholders
No reported result — non-financial event
Audio Transcript Slides
Conference
Investor event
2026-05-19
J.P. Morgan 2026 Global Technology, Media and Communications Conference
No reported result — non-financial event
Audio Transcript Slides
Conference
Investor event
2026-05-14
21st Annual Needham Technology, Media, & Consumer Conference
No reported result — non-financial event
Audio Transcript Slides
Earnings call
FY26 · Q1
2026-05-05
Arista Networks, Inc. Q1 FY2026 Earnings Call
Confident tone Financial outlook and Q2 guidance Supply chain constraints and lead times XPO optics innovation
Revenue
$2.71B
▲ 35.1% YoY
Diluted EPS
$0.80
▲ 25% YoY
Gross margin
61.9%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Conference
Investor event
2026-03-03
Morgan Stanley Technology, Media and Telecom Conference
No reported result — non-financial event
Audio Transcript Slides
Earnings call
FY25 · Q4
2026-02-12
Arista Networks, Inc. Q4 FY2025 Earnings Call
Confident tone Ethernet standards and ecosystem AI networking growth Telemetry and AI networking software
Revenue
$2.49B*
▲ 28.9% YoY
Gross margin
62.9%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-K
Earnings call
FY25 · Q3
2025-11-04
Arista Networks, Inc. Q3 FY2025 Earnings Call
Confident tone Enterprise and Campus Go-to-Market AI Networking Momentum Open Ecosystem and Partnerships
Revenue
$2.31B
▲ 27.5% YoY
Diluted EPS
$0.67
▲ 15.5% YoY
Gross margin
64.6%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY25 · Q2
2025-08-05
Arista Networks, Inc. Q2 FY2025 Earnings Call
Confident tone AI networking growth and back-end opportunity Cloud Titan momentum Competitive landscape and NVIDIA coexistence
Revenue
$2.20B
▲ 30.4% YoY
Diluted EPS
$0.70
▲ 34.6% YoY
Gross margin
65.2%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY25 · Q1
2025-05-06
Arista Networks, Inc. Q1 FY2025 Earnings Call
Confident tone Tariffs and trade restrictions AI / generative AI momentum and Ethernet vs InfiniBand Campus, branch and enterprise networking
Revenue
$2.00B
▲ 27.6% YoY
Diluted EPS
$0.64
▲ 28% YoY
Gross margin
63.7%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY24 · Q4
2025-02-18
Arista Networks, Inc. Q4 FY2024 Earnings Call
Confident tone Campus, routing, and network adjacencies Switching leadership and port speeds (400G, 800G, 1.6T) Generative AI and AI Center growth
Revenue
$1.93B*
▲ 25.3% YoY
Gross margin
63.8%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-K
Earnings call
FY24 · Q3
2024-11-07
Arista Networks, Inc. Q3 FY2024 Earnings Call
Confident tone Etherlink/800G product portfolio AI networking strategy and momentum Arista 2.0 vision and roadmap
Revenue
$1.81B
▲ 20% YoY
Diluted EPS
$0.58
▲ 34.9% YoY
Gross margin
64.2%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY24 · Q2
2024-07-30
Arista Networks, Inc. Q2 FY2024 Earnings Call
Confident tone Customer Wins & Enterprise Momentum AI / Etherlink Portfolio AI Revenue Ramp & Outlook
Revenue
$1.69B
▲ 15.9% YoY
Diluted EPS
$0.52
▲ 34.2% YoY
Gross margin
64.9%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY24 · Q1
2024-05-07
Arista Networks, Inc. Q1 FY2024 Earnings Call
Confident tone Blackwell / GPU Roadmap Enterprise / NaaS Strategy Product Innovation (NetDL / EOS / Universal Spine)
Revenue
$1.57B
▲ 16.3% YoY
Diluted EPS
$0.50
▲ 44.9% YoY
Gross margin
63.7%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY23 · Q4
2024-02-12
Arista Networks, Inc. Q4 FY2023 Earnings Call
Confident tone Enterprise and campus growth 400G/800G Ethernet and product leadership Cloud titan / hyperscaler customers
Revenue
$1.54B*
▲ 20.8% YoY
Gross margin
64.9%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-K
Earnings call
FY23 · Q3
2023-10-30
Arista Networks, Inc. Q3 FY2023 Earnings Call
Revenue
$1.51B
▲ 28.3% YoY
Diluted EPS
$0.43
▲ 52.2% YoY
Gross margin
62.4%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY23 · Q2
2023-07-31
Arista Networks, Inc. Q2 FY2023 Earnings Call
Revenue
$1.46B
▲ 38.7% YoY
Diluted EPS
$0.39
▲ 64.9% YoY
Gross margin
60.6%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY23 · Q1
2023-05-01
Arista Networks, Inc. Q1 FY2023 Earnings Call
Revenue
$1.35B
▲ 54.1% YoY
Diluted EPS
$0.35
▲ 62.4% YoY
Gross margin
59.5%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY22 · Q4
2023-02-13
Arista Networks, Inc. Q4 FY2022 Earnings Call
Revenue
$1.28B*
▲ 54.7% YoY
Gross margin
60.3%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-K
Earnings call
FY22 · Q3
2022-10-31
Arista Networks, Inc. Q3 FY2022 Earnings Call
Revenue
$1.18B
▲ 57.2% YoY
Diluted EPS
$0.28
▲ 61.4% YoY
Gross margin
60.3%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY22 · Q2
2022-08-01
Arista Networks, Inc. Q2 FY2022 Earnings Call
Revenue
$1.05B
▲ 48.7% YoY
Diluted EPS
$0.24
▲ 51.6% YoY
Gross margin
61.2%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY22 · Q1
2022-05-02
Arista Networks, Inc. Q1 FY2022 Earnings Call
Revenue
$877.07M
▲ 31.4% YoY
Diluted EPS
$0.21
▲ 49.1% YoY
Gross margin
63.1%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY21 · Q4
2022-02-14
Arista Networks, Inc. Q4 FY2021 Earnings Call
Revenue
$824.46M*
▲ 27.1% YoY
Gross margin
63.4%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-K
Earnings call
FY21 · Q3
2021-11-01
Arista Networks, Inc. Q3 FY2021 Earnings Call
Revenue
$748.70M
▲ 23.7% YoY
Diluted EPS
$0.18
▲ 32.1% YoY
Gross margin
63.9%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY21 · Q2
2021-08-02
Arista Networks, Inc. Q2 FY2021 Earnings Call
Revenue
$707.32M
▲ 30.8% YoY
Diluted EPS
$0.16
▲ 35.5% YoY
Gross margin
64.2%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY21 · Q1
2021-05-04
Arista Networks, Inc. Q1 FY2021 Earnings Call
Revenue
$667.56M
▲ 27.6% YoY
Diluted EPS
$0.14
▲ 31.8% YoY
Gross margin
63.7%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY20 · Q4
2021-02-18
Arista Networks, Inc. Q4 FY2020 Earnings Call
Revenue
$648.48M
▲ 17.4% YoY
Diluted EPS
$0.14
▼ 28.9% YoY
Gross margin
63.9%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-K
Earnings call
FY20 · Q3
2020-11-02
Arista Networks, Inc. Q3 FY2020 Earnings Call
Revenue
$605.43M
▼ 7.5% YoY
Diluted EPS
$0.13
▼ 18.1% YoY
Gross margin
63.6%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY20 · Q2
2020-08-04
Arista Networks, Inc. Q2 FY2020 Earnings Call
Revenue
$540.57M
▼ 11.1% YoY
Diluted EPS
$0.11
▼ 21.5% YoY
Gross margin
63.7%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY20 · Q1
2020-05-05
Arista Networks, Inc. Q1 FY2020 Earnings Call
Revenue
$523.03M
▼ 12.2% YoY
Diluted EPS
$0.11
▼ 30% YoY
Gross margin
64.7%
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Showing 1–34 of 34 earnings calls
Key facts CIK 1596532 CUSIP 040413205 13F (30d) 950 filings 918 filers Visit website Investor relations

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