Arista Networks (ANET) Free Cash Flow (2013 - 2026)
Arista Networks (ANET) posted Free Cash Flow of $1.1 billion for Q2 2026, down 35.74% on a QoQ basis from $1.6 billion in Q1 2026, and down 10.44% year-over-year from $1.2 billion in Q2 2025.
Analysis
Arista Networks (ANET) Free Cash Flow (2013 - 2026) Analysis & Trends
Arista Networks has reported Free Cash Flow for 14 years, with the latest figure at $1.1 billion in Q2 2026.
- On a quarterly basis, Free Cash Flow fell 10.44% year-over-year to $1.1 billion in Q2 2026; TTM through Jun 2026 was $5.2 billion, a 29.68% increase from a year earlier, with the FY2025 full-year figure at $4.3 billion, up 15.67% from the prior year.
- Free Cash Flow was $1.1 billion for Q2 2026 at Arista Networks, down from $1.6 billion in the prior quarter.
- The five-year high for Free Cash Flow was $1.6 billion in Q1 2026, with the low at $30.0 million in Q4 2022.
- Average Free Cash Flow over 5 years is $726.0 million, with a median of $650.5 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Free Cash Flow plunged 86.1% in 2022, then surged 1634.16% in 2023.
- Over 5 years, Free Cash Flow stood at $30.0 million in 2022, then soared by 1634.16% to $520.5 million in 2023, then jumped by 95.69% to $1.0 billion in 2024, then advanced by 20.27% to $1.2 billion in 2025, then decreased by 14.01% to $1.1 billion in 2026.
- The last three Free Cash Flow figures came in at $1.1 billion (Q2 2026), $1.6 billion (Q1 2026), and $1.2 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 362.97 Bn | 351.40 Bn | 9.83 Bn | 986.00 Mn |
| 2 | Arista Networks | 251.55 Bn | 238.20 Bn | 1.91 Bn | 1.05 Bn |
| 3 | Sandisk | 238.47 Bn | 233.71 Bn | 7.58 Bn | 7.08 Bn |
| 4 | Seagate Technology Holdings | 188.28 Bn | 186.57 Bn | 1.90 Bn | 1.12 Bn |
| 5 | Western Digital | 161.43 Bn | 159.85 Bn | 2.03 Bn | 1.28 Bn |
| 6 | Hewlett Packard Enterprise | 82.45 Bn | 76.23 Bn | 4.93 Bn | 896.00 Mn |
| 7 | NetApp | 39.14 Bn | 35.57 Bn | 1.42 Bn | 401.00 Mn |
| 8 | Everpure | 32.71 Bn | 31.71 Bn | 811.39 Mn | -237.60 Mn |
| 9 | Super Micro Computer | 26.34 Bn | 18.82 Bn | 1.94 Bn | 718.73 Mn |
| 10 | Penguin Solutions | 2.62 Bn | 2.38 Bn | 133.21 Mn | -77.63 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.05 Bn |
| Mar 31, 2026 | 1.64 Bn |
| Dec 31, 2025 | 1.22 Bn |
| Sep 30, 2025 | 1.24 Bn |
| Jun 30, 2025 | 1.18 Bn |
| Mar 31, 2025 | 613.30 Mn |
| Dec 31, 2024 | 1.02 Bn |
| Sep 30, 2024 | 1.17 Bn |
| Jun 30, 2024 | 985.80 Mn |
| Mar 31, 2024 | 504.40 Mn |
| Dec 31, 2023 | 520.47 Mn |
| Sep 30, 2023 | 687.77 Mn |
| Jun 30, 2023 | 422.51 Mn |
| Mar 31, 2023 | 368.85 Mn |
| Dec 31, 2022 | 30.01 Mn |
| Sep 30, 2022 | 123.67 Mn |
| Jun 30, 2022 | 92.23 Mn |
| Mar 31, 2022 | 202.26 Mn |
| Dec 31, 2021 | 215.96 Mn |
| Sep 30, 2021 | 226.69 Mn |