Filing Flows › Arista Networks (ANET) › Q2 2025
Arista Networks (ANET) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Arista Networks (ANET) reported revenue of $2.2B for the second quarter 2025 (Q2 2025), +30% from a year earlier and +10% from the quarter before. Operating margin was 44.7%, net earnings $889M (40.3% of revenue).
Arista Networks, Q2 2025: revenue $2.2B (+30% year over year), operating margin 44.7%, net earnings $889M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | +10% | +30% |
| Gross profit | $1.4B | +13% | +31% |
| Operating profit | $986M | +15% | +41% |
| Net earnings | $889M | +9% | +34% |
| Operating cash flow | $1.2B | +87% | +21% |
| Free cash flow | $1.2B | +92% | +19% |
What changed
Revenue was $2.2B in Q2 2025, up 30% year over year and up 10% from the previous quarter. Product was the largest line at 85% of revenue. Product added $0.45B year over year (up 32%), 88% of the total change.
Gross margin was 65.2%, up 0.3 points from a year earlier. Operating profit was $1.0B, a 44.7% margin (up 3.3 points year over year). Of the extra revenue versus a year earlier, 56% reached operating profit, above the 41% margin then. Operating expenses grew 14% against revenue growth of 30%. The fastest-growing cost line was Sales & marketing (+21%). Net earnings were $0.89B, up 34% year over year. The effective tax rate was 17.7%.
Operating cash flow was $1.2B (up 21% year over year), 135% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items added $0.21B. Capital expenditures of $0.02B left free cash flow of $1.2B.
Questions
What was Arista Networks' revenue in the second quarter 2025?
Arista Networks (ANET) reported revenue of $2.2B for the second quarter 2025 (Q2 2025), +30% from a year earlier and +10% from the quarter before.
Was Arista Networks profitable in the second quarter 2025?
Operating profit was $986M (44.7% of revenue) and net earnings $889M.
Source: Arista Networks 10-Q on SEC EDGAR.