Arista Networks (ANET) Research & Development (2013 - 2026)
Arista Networks' Research & Development came in at $486.9 million for Q3 2026, up 49.4% from $326 million a year earlier and up 39.8% from the prior quarter.
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Analysis
Arista Networks (ANET) Research & Development (2013 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Arista Networks reported Research & Development of $1.53 billion, up 30.1% year-over-year; for FY2025, it was $1.24 billion, up 24.1% from FY2024.
- Research & Development has increased in each of the last 13 years, with a five-year compound annual growth rate of 20.5% (FY2020 to FY2025).
- Going back by year, Research & Development was $996.7 million in FY2024 (+16.6%), $854.9 million in FY2023 (+17.4%), $728.39 million in FY2022 (+24.1%) and $586.75 million in FY2021 (+20.6%).
- The Q3 2026 figure represents the highest quarterly Research & Development in data going back to Q2 2013.
- Year-over-year, Research & Development has increased for 25 consecutive quarters, with growth averaging 28.7% over the last eight quarters.
- The year-over-year growth in Research & Development has ranged between 3.5% (Q1 2024) and 49.4% (Q3 2026) over the last five years.
- Business Quant data shows ANET's Research & Development at $348.2 million (Q2 2026), $343.7 million (Q1 2026) and $348.4 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,177.41 Bn | 4,922.87 Bn | 54.82 Bn | 11.73 Bn |
| 2 | Cisco Systems | 377.40 Bn | 377.40 Bn | 11.79 Bn | 2.42 Bn |
| 3 | Arista Networks | 249.38 Bn | 198.58 Bn | 2.33 Bn | 486.90 Mn |
| 4 | Dell Technologies | 220.34 Bn | 176.10 Bn | 9.83 Bn | 1.11 Bn |
| 5 | Sony | 166.48 Bn | 103.89 Bn | 7.96 Bn | - |
| 6 | Sandisk | 127.44 Bn | 112.27 Bn | 9.38 Bn | 384.00 Mn |
| 7 | Seagate Technology Holdings | 121.35 Bn | 116.20 Bn | 2.43 Bn | 200.00 Mn |
| 8 | Western Digital | 110.67 Bn | 100.50 Bn | 2.53 Bn | 283.00 Mn |
| 9 | Hewlett Packard Enterprise | 64.15 Bn | 42.09 Bn | 4.93 Bn | 1.16 Bn |
| 10 | Garmin | 54.56 Bn | 44.11 Bn | 1.26 Bn | 312.92 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 486.90 Mn |
| Jun 30, 2026 | 348.20 Mn |
| Mar 31, 2026 | 343.70 Mn |
| Dec 31, 2025 | 348.40 Mn |
| Sep 30, 2025 | 326.00 Mn |
| Jun 30, 2025 | 296.50 Mn |
| Mar 31, 2025 | 266.40 Mn |
| Dec 31, 2024 | 285.00 Mn |
| Sep 30, 2024 | 235.80 Mn |
| Jun 30, 2024 | 267.50 Mn |
| Mar 31, 2024 | 208.40 Mn |
| Dec 31, 2023 | 211.46 Mn |
| Sep 30, 2023 | 212.35 Mn |
| Jun 30, 2023 | 229.68 Mn |
| Mar 31, 2023 | 201.41 Mn |
| Dec 31, 2022 | 190.42 Mn |
| Sep 30, 2022 | 187.81 Mn |
| Jun 30, 2022 | 178.16 Mn |
| Mar 31, 2022 | 172.01 Mn |
| Dec 31, 2021 | 157.88 Mn |
API Access
Arista Networks Research & Development 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=research-and-development&ticker=ANET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=ANET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();