ANET·Communications Equipment / Data-Center Networking (AI compute infrastructure)

Arista Networks

ConvictionWeak

Sells Ethernet switching/routing systems (hardware built on Broadcom merchant silicon) bundled with its EOS network OS and CloudVision management; revenue is product hardware plus high-margin recurring software/subscription and support. Concentrated cloud-titan customer base.

Revenue

$9.006B FY2025+28.6% YoY (fact, FY2025 release); $2.709B Q1 FY26, +35.1% YoY (fact, Q1 FY26 release

Rev growth

+35.1% YoYQ1 FY26, fact); FY26 guide ~$11.5B = +27.7% (fact, raised

Gross marginfact

64.1% GAAP / 64.6% non-GAAP FY2025Q1 FY26 guided non-GAAP 62-63% (margin under component/tariff pressure

Op marginfact

47.8% non-GAAP / 42.7% GAAP Q1 FY26

Capex intensityfact

~1.3% — $119.5M capex / $9.0B revenue FY2025asset-light, outsourced manufacturing

Market cap

~$213BJune 17, 2026; fact

Price · 1-year trend

real · weekly

$165+67% 1yUSD

52-week range

$99 – $177

52w lowas of 2026-06-25 · Yahoo Finance52w high

Across the boards

The thesis on this name

opportunityWeak

AI Compute Value-Chain

Full context

The read

Where our coverage leans

Coverage leans bullish

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Full financial intelligence for Arista Networks

Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.

Income statement & margin structure
SWOT, moats & dependency map
Supplier–customer ecosystem graph
Signals, trends & valuation range

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Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence