ANET at a glance
Arista Networks (ANET, SEC CIK 1596532) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on August 4, 2026 and Form 4 insider filings as recently as October 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Arista Networks (ANET) reported revenue of $9.0 billion (up 28.6% from FY2024) and net income of $3.5 billion. Diluted EPS was $2.75.
- As of June 30, 2026, 53 institutional investment managers tracked by SignalX reported holding Arista Networks (ANET) shares worth $71.8 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by TEMPLETON MARK B on October 1, 2026 of 700 shares at $201.62 per share.
- In the last 90 days, ANET insiders reported 0 open-market purchases ($0) and 251 open-market sales ($789.0M) on Form 4, a net sale of $789.0M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $9.0B
- +28.6% vs prior year
- Insiders · 90 days
- 0 buys · 251 sells
- Net −$789.0M
- 13F holders
- 53 funds
- $71.8B · +1 vs prior quarter
- Latest 8-K
- Aug 4, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Management Discussion & Analysis
- Revenue $9.01B in 2025, up 28.6% YoY from $7.00B in 2024; product revenue $7.58B (+28.8%), service revenue $1.43B (+27.7%)
- Gross margin stable at 64.1% in 2025 vs 64.1% in 2024; operating expenses increased to 21.3% of revenue in 2025 from 22.1% in 2024
- Best segment: Core networking $5.85B (65% of revenue); Worst margin pressure from large customer discounts and supply chain inflation
- Operating cash flow $4.37B in 2025; capex $119.5M plus $300M acquisition; financing cash outflow $1.60B mainly from stock repurchases/dividends
- Management highlights risks: macroeconomic uncertainties, supply chain inflation, AI market demand volatility; plans increased R&D and sales investments
Business Overview
- Core cloud and AI-driven data center networking-as-a-service platform powered by proprietary EOS OS and Network Data Lake for unified data interconnectivity
- Introduced AI Center networking strategy addressing Scale Up/Out/Across domains with 800G Etherlink portfolio including 7800R AI Spine, 7060 AI Leaf, 7700R4 DES switches
- Strategic emphasis on replacing proprietary AI interconnects (InfiniBand) with Ethernet-based open standards to gain market share in hyperscale AI environments
- Workforce of ~5,115 full-time employees globally as of Dec 31, 2025; recognized by Forbes, Time, and Comparably for culture and leadership in 2025
- Unique leadership note: one of few S&P 500 companies with both female CEO and CFO positions
Risk Factors
- Economic exposure to foreign currency fluctuations risks reduced demand if U.S. dollar strengthens, despite revenue being primarily U.S. dollar-denominated
- Interest rate risk causing $100 million unrealized loss on fixed income securities from 100 basis point increase in U.S. market interest rates as of Dec 31, 2025
- Concentration of investments $10.7 billion in cash, equivalents and securities primarily in short-term U.S. debt instruments with no hedging strategy
- Operational cost exposure to currency fluctuations in U.S., Europe, and Asia operations potentially affecting expenses and cash flows
AI summary of the ANET 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue $3,035.7M, up 37.7% YoY from $2,204.8M
- Product revenue $2,605.2M, up 38.8% YoY; service revenue $430.5M, up 31.3%
- Gross margin 62.9% vs 65.2% YoY, pressured by higher large-customer discounts
- Operating cash flow $2,776.5M vs $1,841.8M; cash, equivalents and securities $13.3B
- Headwinds: memory and silicon constraints, tariffs, elevated inventory commitments and uncertain AI demand variability
Risk Factors
- Tariff risk updated by February 2026 Supreme Court invalidation of IEEPA tariffs, alongside continuing retaliatory measures and trade-policy uncertainty
- Regulatory risk from enhanced U.S. trade restrictions and China export controls on critical minerals, including rare earth metals
- Customer concentration risk, with one end customer representing 26% of 2025 revenue
- Supply-chain risk from tightening memory and silicon availability driven by AI infrastructure and advanced automotive demand
- Financial liquidity risk from uninsured or excess-FDIC-limit cash and investments held with potentially insolvent financial institutions
AI summary of the ANET 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results for quarter ended June 30, 2026
- Press release issued August 4, 2026
Item EX-99.1: Item EX-99.1
- Q2 revenue $3.036B, up 37.7% YoY, marking Arista’s first $3B-plus quarter
- Non-GAAP diluted EPS $1.02, up 39.7% YoY, with operating margin reaching 49.9%
Item 5.07: Submission of Matters to a Vote of Security Holders
- Lewis Chew, Greg Lavender, and Mark B. Templeton elected as Class III directors through 2029
- Mark B. Templeton received 655,362,300 votes, materially below Chew and Lavender
Item 2.02: Results of Operations and Financial Condition
- Q1 2026 results announced for quarter ended March 31, 2026
- Full financial results and management commentary contained in Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q1 2026 revenue $2.709B, up 35.1% YoY and 8.9% sequentially, signaling strong AI and data-center demand
- Non-GAAP EPS $0.87 versus $0.66, while operating margin held at 47.8% despite rapid growth
AI summaries of ANET 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for ANET
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| TEMPLETON MARK B | Sell | Oct 1, 2026 | 700 | $201.62 |
| TEMPLETON MARK B | Sell | Oct 1, 2026 | 500 | $202.90 |
| TEMPLETON MARK B | Sell | Oct 1, 2026 | 1,800 | $204.44 |
| TEMPLETON MARK B | Sell | Oct 1, 2026 | 1,800 | $205.58 |
| TEMPLETON MARK B | Sell | Oct 1, 2026 | 200 | $206.03 |
| Ullal Jayshree | Sell | Sep 25, 2026 | 8,948 | $211.40 |
| Ullal Jayshree | Sell | Sep 25, 2026 | 8,948 | $211.40 |
| Ullal Jayshree | Sell | Sep 25, 2026 | 44,726 | $211.40 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $7.0B | $9.0B |
| Gross Profit | $3.6B | $4.5B | $5.8B |
| Operating Income | $2.3B | $2.9B | $3.9B |
| Net Income | $2.1B | $2.9B | $3.5B |
| Gross Margin | - | 64.1% | 64.1% |
| Op. Margin | - | 42.0% | 42.8% |
| Net Margin | - | 40.7% | 39.0% |
| Balance Sheet | |||
| Total Assets | $9.9B | $14.0B | $19.4B |
| Equity | - | $10.0B | $12.4B |
| ROE | - | 28.5% | 28.4% |
| Per Share | |||
| EPS | - | $2.23 | $2.75 |
| Cash Flow | |||
| Operating CF | - | $3.7B | $4.4B |
Source: XBRL data in Arista Networks (ANET)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate ANET share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 53 | $71.80B |
| Q1 2026 | 52 | $52.89B |
| Q4 2025 | 47 | $56.39B |
| Q3 2025 | 51 | $65.66B |
| Q2 2025 | 47 | $40.16B |
| Q1 2025 | 46 | $25.75B |
| Q4 2024 | 39 | $29.57B |
- Ameriprise Financial+2.77M (+28%)
- Citadel Advisors LLC+2.17M (+412%)
- Franklin Resources+1.87M (+23%)
- State Street Corp+1.40M (+3%)
- JPMorgan Chase & Co+1.19M (+11%)
- T. Rowe Price Group−6.09M (-21%)
- FMR LLC (Fidelity)−4.96M (-9%)
- Two Sigma Investments−2.80M (-75%)
- Invesco Ltd−2.27M (-32%)
- AQR Capital Management−2.02M (-25%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 335 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
ANET filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 23, 2026 | - | - | - |
| 4 | Sep 21, 2026 | - | - | - |
| 4 | Sep 14, 2026 | - | - | - |
| 4 | Sep 10, 2026 | - | - | - |
| 4 | Sep 10, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 1, 2026 | - | - | - |
| 4 | Aug 31, 2026 | - | - | - |
| 4 | Aug 27, 2026 | - | - | - |
| 4 | Aug 25, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 14, 2026 | - | - | - |
| 4 | Aug 10, 2026 | - | - | - |
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ANET SEC filings: frequently asked questions
Are ANET insiders buying or selling?
In the last 90 days, Arista Networks (ANET) officers, directors and 10% owners reported no open-market purchases and 251 open-market sales worth $789.0 million by 7 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold ANET stock?
As of June 30, 2026, the largest Arista Networks (ANET) holders among the 13F filers tracked by SignalX were BlackRock ($15.5 billion), Vanguard Capital Management LLC ($11.7 billion), State Street Corp ($8.2 billion), FMR LLC (Fidelity) ($8.0 billion), Vanguard Portfolio Management LLC ($4.4 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was ANET's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Arista Networks (ANET) reported revenue of $9.0 billion (up 28.6% from FY2024) and net income of $3.5 billion. Diluted EPS was $2.75. The figures come from the XBRL data in the 10-K.
What are the main risks in ANET's latest 10-K?
In the 10-K filed February 17, 2026, Arista Networks (ANET) flagged: Economic exposure to foreign currency fluctuations risks reduced demand if U.S. dollar strengthens, despite revenue being primarily U.S. dollar-denominated. Interest rate risk causing $100 million unrealized loss on fixed income securities from 100 basis point increase in U.S. market interest rates as of Dec 31, 2025. (AI summary of the Risk Factors section.)
What did ANET report in its latest 8-K?
Arista Networks (ANET) filed an 8-K on August 4, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 2026 results for quarter ended June 30, 2026.
What are the latest ANET SEC filings?
Arista Networks (ANET) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on August 4, 2026 and a Form 4 insider filing on October 5, 2026.
What is ANET's SEC CIK number?
Arista Networks (ANET)'s SEC Central Index Key (CIK) is 1596532. EDGAR lists every ANET filing under that number.
Ask anything about ANET
The research agent reads ANET's filings, financials, insider trades and 13F holders, then answers with sources.