Arista Networks (ANET) Operating Expenses (2013 - 2026)

Arista Networks (ANET) posted quarterly Operating Expenses of $519.0 million for Q1 2026, up 24.37% year-over-year from $417.3 million in Q1 2025, and down 2.24% on a QoQ basis from $530.9 million in Q4 2025.

Arista Networks (ANET) Operating Expenses (2013 - 2026) Analysis & Trends

Arista Networks (ANET) has reported Operating Expenses for 14 consecutive years, with $519.0 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Operating Expenses rose 24.37% year-over-year to $519.0 million; the TTM figure through Mar 2026 stood at $2.0 billion (up 24.13% YoY), while the FY2025 annual figure was $1.9 billion, up 23.66% from the prior year.
  • Operating Expenses came in at $519.0 million for Q1 2026 at Arista Networks, down from $530.9 million in the prior quarter.
  • The five-year high for Operating Expenses was $530.9 million in Q4 2025, with the low at $275.9 million in Q1 2022.
  • Average Operating Expenses over 5 years is $382.3 million, with a median of $359.3 million recorded in 2023.
  • Across the five-year window, Operating Expenses gained 6.65% in 2024 and jumped 36.03% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $299.7 million in 2022, then advanced by 19.89% to $359.3 million in 2023, then increased by 20.07% to $431.4 million in 2024, then increased by 23.06% to $530.9 million in 2025, then retreated by 2.24% to $519.0 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $519.0 million, $530.9 million, and $512.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sandisk 300.77 Bn 297.03 Bn 4.66 Bn 551.00 Mn
2 Dell Technologies 276.28 Bn 264.70 Bn 7.78 Bn 4.13 Bn
3 Arista Networks 209.63 Bn 197.28 Bn 1.68 Bn 519.00 Mn
4 Western Digital 204.64 Bn 201.41 Bn 1.68 Bn 486.00 Mn
5 Seagate Technology Holdings 202.26 Bn 201.11 Bn 1.45 Bn 2.11 Bn
6 Everpure 25.55 Bn 24.23 Bn 723.33 Mn 703.39 Mn
7 Hp 20.30 Bn 16.60 Bn 3.02 Bn 2.40 Bn
8 Super Micro Computer 16.60 Bn 15.31 Bn 1.02 Bn 392.81 Mn
9 Logitech International 13.89 Bn 12.15 Bn 483.28 Mn 347.49 Mn
10 D-Wave Quantum 8.64 Bn 8.64 Bn 1.82 Mn 56.55 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 234.81 Mn