Arista Networks (ANET) Operating Expenses (2013 - 2026)
Arista Networks (ANET) posted Operating Expenses of $532.3 million for Q2 2026, up 2.56% on a QoQ basis from $519.0 million in Q1 2026, and up 17.66% year-over-year from $452.4 million in Q2 2025.
Analysis
Arista Networks (ANET) Operating Expenses (2013 - 2026) Analysis & Trends
Arista Networks has reported Operating Expenses for 14 years, with the latest figure at $532.3 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 17.66% year-over-year to $532.3 million in Q2 2026; TTM through Jun 2026 was $2.1 billion, a 24.84% increase from a year earlier, with the FY2025 full-year figure at $1.9 billion, up 23.66% from the prior year.
- Operating Expenses was $532.3 million for Q2 2026 at Arista Networks, up from $519.0 million in the prior quarter.
- The five-year high for Operating Expenses was $532.3 million in Q2 2026, with the low at $275.9 million in Q1 2022.
- Average Operating Expenses over 5 years is $390.7 million, with a median of $367.8 million recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses increased 6.65% in 2024, then surged 36.03% in 2025.
- Over 5 years, Operating Expenses stood at $299.7 million in 2022, then rose by 19.89% to $359.3 million in 2023, then climbed by 20.07% to $431.4 million in 2024, then climbed by 23.06% to $530.9 million in 2025, then climbed by 0.26% to $532.3 million in 2026.
- The last three Operating Expenses figures came in at $532.3 million (Q2 2026), $519.0 million (Q1 2026), and $530.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 362.97 Bn | 351.40 Bn | 9.83 Bn | 4.45 Bn |
| 2 | Arista Networks | 251.55 Bn | 238.20 Bn | 1.91 Bn | 532.30 Mn |
| 3 | Sandisk | 238.47 Bn | 233.71 Bn | 7.58 Bn | 545.00 Mn |
| 4 | Seagate Technology Holdings | 188.28 Bn | 186.57 Bn | 1.90 Bn | 2.07 Bn |
| 5 | Western Digital | 161.43 Bn | 159.85 Bn | 2.03 Bn | 465.00 Mn |
| 6 | Hewlett Packard Enterprise | 82.45 Bn | 76.23 Bn | 4.93 Bn | 10.82 Bn |
| 7 | NetApp | 39.14 Bn | 35.57 Bn | 1.42 Bn | 935.00 Mn |
| 8 | Everpure | 32.71 Bn | 31.71 Bn | 811.39 Mn | 748.23 Mn |
| 9 | Super Micro Computer | 26.34 Bn | 18.82 Bn | 1.94 Bn | 454.57 Mn |
| 10 | Penguin Solutions | 2.62 Bn | 2.38 Bn | 133.21 Mn | 82.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 532.30 Mn |
| Mar 31, 2026 | 519.00 Mn |
| Dec 31, 2025 | 530.90 Mn |
| Sep 30, 2025 | 512.00 Mn |
| Jun 30, 2025 | 452.40 Mn |
| Mar 31, 2025 | 417.30 Mn |
| Dec 31, 2024 | 431.40 Mn |
| Sep 30, 2024 | 376.40 Mn |
| Jun 30, 2024 | 397.60 Mn |
| Mar 31, 2024 | 341.20 Mn |
| Dec 31, 2023 | 359.28 Mn |
| Sep 30, 2023 | 339.72 Mn |
| Jun 30, 2023 | 354.07 Mn |
| Mar 31, 2023 | 319.93 Mn |
| Dec 31, 2022 | 299.69 Mn |
| Sep 30, 2022 | 292.63 Mn |
| Jun 30, 2022 | 280.41 Mn |
| Mar 31, 2022 | 275.86 Mn |
| Dec 31, 2021 | 256.93 Mn |
| Sep 30, 2021 | 245.32 Mn |