Arista Networks (ANET) Net Margin (2013 - 2026)
Arista Networks (ANET) reported Net Margin of 42.66% for Q3 2026, up 5.71 percentage points from 36.95% a year earlier and up 2.71 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 Sep 30, 2026, Arista Networks' Net Margin came in at 39.97%, up 0.23 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).
- The Q3 2026 figure ranks as the highest quarterly Net Margin since Q4 2019.
- Year over year, Net Margin gained in four of the last eight quarters, with an average year-over-year change of -0.29 percentage points.
- 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 Q3 2026 came in at 39.95% (Q2 2026), 37.76% (Q1 2026) and 38.42% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,177.41 Bn | 4,922.87 Bn | 54.82 Bn | 26.83% |
| 2 | Cisco Systems | 377.40 Bn | 377.40 Bn | 11.79 Bn | - |
| 3 | Arista Networks | 249.38 Bn | 198.58 Bn | 2.33 Bn | 42.66% |
| 4 | Dell Technologies | 220.34 Bn | 176.10 Bn | 9.83 Bn | 8.80% |
| 5 | Sony | 166.48 Bn | 103.89 Bn | 7.96 Bn | 13.11% |
| 6 | Sandisk | 127.44 Bn | 112.27 Bn | 9.38 Bn | 73.44% |
| 7 | Seagate Technology Holdings | 121.35 Bn | 116.20 Bn | 2.43 Bn | 41.60% |
| 8 | Western Digital | 110.67 Bn | 100.50 Bn | 2.53 Bn | 40.61% |
| 9 | Hewlett Packard Enterprise | 64.15 Bn | 42.09 Bn | 4.93 Bn | 12.61% |
| 10 | Garmin | 54.56 Bn | 44.11 Bn | 1.26 Bn | 27.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 42.66% |
| 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% |
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();