ANET Arista Networks
FY2025 10-K
Arista Networks (ANET) filed its fiscal year 2025 10-K annual report with the SEC on Feb 17, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
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
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
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
Financial SummaryXBRL
Revenue
$9.0B
Net Income
$3.5B
Gross Margin
64.1%
Operating Margin
42.8%
Net Margin
39.0%
ROE
28.4%
Total Assets
$19.4B
EPS (Diluted)
$2.75
Operating Cash Flow
$4.4B
Source: XBRL data from Arista Networks FY2025 10-K filing on SEC EDGAR. All figures in USD.
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