Arista Networks (ANET) Net Margin (2013 - 2026)
Arista Networks (ANET) reported Net Margin of 39.95% for Q2 2026, down 0.36 percentage points from 40.31% a year earlier but up 2.20 percentage points from the prior quarter.
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Analysis
Arista Networks (ANET) Net Margin (2013 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Arista Networks' Net Margin came in at 38.37%, down 2.53 percentage points year-over-year; for FY2025, it was 38.99%, down 1.74 percentage points from FY2024.
- Net Margin has a five-year change of +11.61 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 40.73% in FY2024 (+5.11 pp), 35.62% in FY2023 (+4.75 pp), 30.87% in FY2022 (+2.35 pp) and 28.52% in FY2021 (+1.14 pp).
- Five-year quarterly Net Margin spans a low of 28.43% in Q2 2022 and a high of 41.49% in Q4 2024.
- Year over year, Net Margin has now declined in each of the last four quarters, with an average year-over-year change of -0.35 percentage points over the last eight quarters.
- The high point for year-over-year Net Margin in five years was Q1 2024 (a gain of 8.28 percentage points); the low point was Q3 2025 (a drop of 4.35 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 37.76% (Q1 2026), 38.42% (Q4 2025) and 36.95% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,874.86 Bn | 4,622.35 Bn | 54.77 Bn | 27.23% |
| 2 | Cisco Systems | 442.74 Bn | 378.67 Bn | 11.06 Bn | 22.37% |
| 3 | Dell Technologies | 360.03 Bn | 315.78 Bn | 9.83 Bn | 8.80% |
| 4 | Arista Networks | 261.51 Bn | 214.96 Bn | 1.91 Bn | 39.95% |
| 5 | Sandisk | 251.12 Bn | 239.64 Bn | 7.58 Bn | 77.00% |
| 6 | Seagate Technology Holdings | 192.54 Bn | 187.54 Bn | 1.90 Bn | 35.66% |
| 7 | Western Digital | 149.92 Bn | 138.05 Bn | 2.03 Bn | 85.27% |
| 8 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 12.33% |
| 9 | Lumentum Holdings | 96.17 Bn | 87.98 Bn | 477.30 Mn | -711.69% |
| 10 | Hewlett Packard Enterprise | 92.09 Bn | 69.97 Bn | 4.93 Bn | 12.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.95% |
| Mar 31, 2026 | 37.76% |
| Dec 31, 2025 | 38.42% |
| Sep 30, 2025 | 36.95% |
| Jun 30, 2025 | 40.31% |
| Mar 31, 2025 | 40.59% |
| Dec 31, 2024 | 41.49% |
| Sep 30, 2024 | 41.31% |
| Jun 30, 2024 | 39.36% |
| Mar 31, 2024 | 40.58% |
| Dec 31, 2023 | 39.83% |
| Sep 30, 2023 | 36.13% |
| Jun 30, 2023 | 33.72% |
| Mar 31, 2023 | 32.30% |
| Dec 31, 2022 | 33.48% |
| Sep 30, 2022 | 30.08% |
| Jun 30, 2022 | 28.43% |
| Mar 31, 2022 | 31.04% |
| Dec 31, 2021 | 29.02% |
| Sep 30, 2021 | 29.96% |
API Access
Arista Networks Net 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=net-margin&ticker=ANET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=ANET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();