Arista Networks
Financial Performance
Arista Networks Revenue & Financials
Revenue
$7B (FY2024)
Market Cap
$118B
Employees
4,200
What is Arista Networks's revenue?
Arista Networks had $7B in revenue for fiscal year 2024, up 19.6% from 2023.
- Latest revenue
- $7B (FY2024)
- Year-over-year
- +19.6%
- Growth rate (CAGR)
- 33.5% over 3 years
- Peak revenue
- $7B (FY2024)
- Years of data
- 4
- Employees
- 4,200
- How many employees does Arista Networks have?
- Arista Networks has about 4,200 employees.
Financial Analysis
Arista Networks delivers exceptional financial performance marked by industry-leading top-line growth, outstanding operating profitability, and extensive free cash flow generation. In fiscal 2024, Arista generated revenue of $7.01 billion, up 20% year-over-year, propelled by rapid hyperscale cloud and AI cluster networking buildouts. Non-GAAP gross margin stood at an elite 64.5%, reflecting high software content and manufacturing efficiency. Non-GAAP operating margin reached a staggering 46.8%, among the highest in the technology hardware and infrastructure sector. Operating cash flow surpassed $3.1 billion, and the company maintains an unassailable balance sheet with over $5.5 billion in cash and zero debt, enabling an active $1.2 billion share repurchase authorization.
Revenue Trend Analysis
YoY Change
+19.6%
3-Year CAGR
+33.5%
Peak Year
2024
Trend
Consistent Growth
Arista Networks has 4 full fiscal year figures on this page, compounding at +33.5% annually over 3 years. The most recent year saw a 19.6% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $7B. Of 3 comparable year-over-year steps, 3 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | $7B | +19.6% |
| FY2023 | $5.9B | +33.8% |
| FY2022 | $4.4B | +48.6% |
| FY2021 | $2.9B | — |
Click any row to see year details.
Keep researching Arista Networks
Arista Networks Revenue and Financial FAQ
What was Arista Networks's revenue in 2024?
Arista Networks achieved $7.01 billion in revenue for fiscal year 2024.
Is Arista Networks profitable?
Arista Networks's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is Arista Networks growing?
Arista Networks has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does Arista Networks fund its capital expenditures?
Arista Networks funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is Arista Networks's debt profile?
Arista Networks maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does Arista Networks reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Arista Networks Revenue & Financials." CorpDigest, https://corpdigest.com/company/arista-networks/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Arista Networks reported $7B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/arista-networks/financials" target="_blank" rel="noopener">CorpDigest — Arista Networks financials</a></div>Explore Arista Networks
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