Arista Networks said product revenue increased $387.9 million (25.5%) and service revenue increased $109.5 million (38.1%) for the 3 months ended September 30, 2025. The company said the increase in product revenue reflected increased demand for its switching and routing platforms across its customer base, and the increase in service revenue reflected continued growth in initial and renewal support contracts as its customer installed base continued to expand.

1. 01

   Arista Networks said product revenue increased $387.9 million (25.5%) and service revenue increased $109.5 million (38.1%) for the 3 months ended September 30, 2025. The company said the increase in product revenue reflected increased demand for its switching and routing platforms across its customer base, and the increase in service revenue reflected continued growth in initial and renewal support contracts as its customer installed base continued to expand.

2. 02

   Arista Networks said gross margin increased from 64.2% to 64.6% for the 3 months ended September 30, 2025 compared to the prior year. For the same period, research and development expenses increased $90.2 million (38.3%) and sales and marketing expenses increased $44.4 million (41.6%), the company said.

3. 03

   Arista Networks said cash provided by operating activities was $3.1 billion for the 9 months ended September 30, 2025, which included net income of $2.6 billion and an increase in deferred revenue of $1.8 billion.

4. 04

   Arista Networks said as of September 30, 2025, its cash, cash equivalents and marketable securities totaled approximately $10.1 billion and the remaining authorized amount under its New Repurchase Program was $1.4 billion. As of the same date, purchase commitments were $4.8 billion, of which $4.3 billion is expected to be received within 1 years, the company said.

Key figures

Quarter ended September 30, 2025

Revenue

$2.3B

Operating income

$978M

Net income

$853M

EPS

$0.67

Gross profit

$1.5B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.