Arista Networks (ANET) Gross Margin (2013 - 2026)
Arista Networks' Gross Margin was 62.93% in Q2 2026, down 2.32 percentage points from 65.25% a year earlier but up 1.03 percentage points from the prior quarter.
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Analysis
Arista Networks (ANET) Gross Margin (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Arista Networks' Gross Margin was 63.00% through Jun 30, 2026, down 1.23 percentage points year-over-year; for FY2025, it was 64.06%, down 0.08 percentage points from FY2024.
- Gross Margin shows a five-year change of +0.11 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 64.13% in FY2024 (+2.18 pp), 61.95% in FY2023 (+0.88 pp), 61.07% in FY2022 (-2.73 pp) and 63.80% in FY2021 (-0.15 pp).
- Quarterly Gross Margin has moved between 59.53% (Q1 2023) and 65.25% (Q2 2025) over five years.
- Compared with a year earlier, Gross Margin has declined for three straight quarters, with an average year-over-year change of -0.46 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q4 2023 (a gain of 4.61 percentage points); the worst was Q1 2023 (a drop of 3.61 percentage points).
- Per Business Quant data, ANET's Gross Margin in the three quarters before Q2 2026 was 61.90% (Q1 2026), 62.86% (Q4 2025) and 64.56% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,874.86 Bn | 4,622.35 Bn | 54.77 Bn | 50.06% |
| 2 | Cisco Systems | 442.74 Bn | 378.67 Bn | 11.06 Bn | 64.13% |
| 3 | Dell Technologies | 360.03 Bn | 315.78 Bn | 9.83 Bn | 20.93% |
| 4 | Arista Networks | 261.51 Bn | 214.96 Bn | 1.91 Bn | 62.93% |
| 5 | Sandisk | 251.12 Bn | 239.64 Bn | 7.58 Bn | 84.57% |
| 6 | Seagate Technology Holdings | 192.54 Bn | 187.54 Bn | 1.90 Bn | 52.30% |
| 7 | Western Digital | 149.92 Bn | 138.05 Bn | 2.03 Bn | 54.12% |
| 8 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 36.70% |
| 9 | Lumentum Holdings | 96.17 Bn | 87.98 Bn | 477.30 Mn | 47.43% |
| 10 | Hewlett Packard Enterprise | 92.09 Bn | 69.97 Bn | 4.93 Bn | 40.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 62.93% |
| Mar 31, 2026 | 61.90% |
| Dec 31, 2025 | 62.86% |
| Sep 30, 2025 | 64.56% |
| Jun 30, 2025 | 65.25% |
| Mar 31, 2025 | 63.65% |
| Dec 31, 2024 | 63.77% |
| Sep 30, 2024 | 64.15% |
| Jun 30, 2024 | 64.91% |
| Mar 31, 2024 | 63.73% |
| Dec 31, 2023 | 64.87% |
| Sep 30, 2023 | 62.43% |
| Jun 30, 2023 | 60.60% |
| Mar 31, 2023 | 59.53% |
| Dec 31, 2022 | 60.26% |
| Sep 30, 2022 | 60.33% |
| Jun 30, 2022 | 61.15% |
| Mar 31, 2022 | 63.15% |
| Dec 31, 2021 | 63.40% |
| Sep 30, 2021 | 63.93% |
API Access
Arista Networks Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ANET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ANET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ANET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();