Arista Networks, Inc.
ANET
Jodie read · what matters now
Revenue increased 35.1% versus the comparable filing period.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to ANET, and whether its market group begins moving.
Latest filing assessment · baseline
Fundamentals strengthened in the latest filing
10-Q filed 2026-05-06 against the comparable filing from 2025-05-07.
What improved
- Revenue increased 35.1% versus the comparable filing period.
- Net income increased 25.7% versus the comparable filing period.
- Operating cash flow covered net income at 1.66x, improving versus the comparable period.
What weakened
- Gross margin fell 1.8 percentage points.
- Net margin fell 2.8 percentage points.
Filing receipts
“The increase in working capital requirements primarily consisted of an increase in accounts receivable of $295.4 million due to increased product and service billings, a $173.3 million decrease in other liabilities primarily due to timing of inventory-related receipts and payments, a $122.7 million increase in inventory and $113.7 million increase in other assets driven by increased deferred cost of sales associated with higher product revenue deferrals.”
“The non-cash adjustments to net income were driven by stock-based compensation of $120.9 million, and offset by a $104.9 million increase in deferred taxes primarily due to the increase in deferred revenue.”
“These cash inflows were partially offset by a $298.7 million increase in other assets driven by increased deferred cost of sales associated with higher product revenue deferrals, and a $133.0 million increase in inventory.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind ANET
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens 14 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
ANET is currently a Leader in the organic co-movement group AI Networking Solutions. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for ANET; it is not active in the latest market snapshot.
Theme membership history
No durable theme membership has been observed for this name yet.