Arista Networks (ANET) Other Working Capital Changes (2013 - 2026)
Arista Networks' Other Working Capital Changes came in at $667.3 million for Q2 2026, down 20.9% from $844 million a year earlier and down 19.2% from the prior quarter.
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Analysis
Arista Networks (ANET) Other Working Capital Changes (2013 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Arista Networks reported Other Working Capital Changes of $2.8 billion, up 54.6% year-over-year; for FY2025, it came in at $2.45 billion, up 90.8% from FY2024.
- Other Working Capital Changes has increased in each of the last three years, with a five-year compound annual growth rate of 117.5% (FY2020 to FY2025).
- Going back by year, Other Working Capital Changes was $1.29 billion in FY2024 (+176.4%), $465 million in FY2023 (+295.9%), $117.47 million in FY2022 (-57.8%) and $278.49 million in FY2021 (+453.1%).
- The five-year range for quarterly Other Working Capital Changes is -$76.8 million (Q3 2022) to $844 million (Q2 2025).
- Year-over-year, Other Working Capital Changes increased in five of the last seven quarters, with growth averaging 75.0%.
- The fastest year-over-year change in Other Working Capital Changes over five years came in Q4 2023 (growth of 919.0%), and the weakest in Q4 2022 (a decline of 76.3%).
- Business Quant data shows ANET's Other Working Capital Changes at $826.2 million (Q1 2026), $686.3 million (Q4 2025) and $624.3 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Apple | 5,079.97 Bn | 4,827.46 Bn | 54.77 Bn |
| 2 | Cisco Systems | 420.25 Bn | 356.18 Bn | 11.06 Bn |
| 3 | Dell Technologies | 292.20 Bn | 247.96 Bn | 9.83 Bn |
| 4 | Arista Networks | 217.24 Bn | 170.70 Bn | 1.91 Bn |
| 5 | Sandisk | 180.75 Bn | 169.27 Bn | 7.58 Bn |
| 6 | Sony | 160.45 Bn | 100.21 Bn | 6.53 Bn |
| 7 | Seagate Technology Holdings | 142.99 Bn | 137.98 Bn | 1.90 Bn |
| 8 | Western Digital | 128.64 Bn | 118.47 Bn | 2.53 Bn |
| 9 | Hewlett Packard Enterprise | 75.30 Bn | 53.18 Bn | 4.93 Bn |
| 10 | Lumentum Holdings | 67.00 Bn | 58.81 Bn | 477.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 417.30 Mn |
| Mar 31, 2026 | 487.30 Mn |
| Dec 31, 2025 | 532.40 Mn |
| Sep 30, 2025 | 413.10 Mn |
| Jun 30, 2025 | 678.10 Mn |
| Mar 31, 2025 | 10.40 Mn |
| Dec 31, 2024 | 351.00 Mn |
| Sep 30, 2024 | 315.80 Mn |
| Jun 30, 2024 | 367.90 Mn |
| Mar 31, 2024 | 64.10 Mn |
| Dec 31, 2023 | 497.44 Mn |
| Sep 30, 2023 | 118.14 Mn |
| Jun 30, 2023 | -79.63 Mn |
| Mar 31, 2023 | -9.25 Mn |
| Dec 31, 2022 | 141.81 Mn |
| Sep 30, 2022 | -16.93 Mn |
| Jun 30, 2022 | -148.12 Mn |
| Mar 31, 2022 | 75.85 Mn |
| Dec 31, 2021 | 166.87 Mn |
| Sep 30, 2021 | 27.61 Mn |
API Access
Arista Networks Other Working Capital Changes 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=other-working-capital-changes&ticker=ANET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "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=other-working-capital-changes&ticker=ANET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();