Filing Flows › Arista Networks (ANET) › Q3 2025
Arista Networks (ANET) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Arista Networks (ANET) reported revenue of $2.3B for the third quarter 2025 (Q3 2025), +27% from a year earlier and +5% from the quarter before. Operating margin was 42.4%, net earnings $853M (37.0% of revenue).
Arista Networks, Q3 2025: revenue $2.3B (+28% year over year), operating margin 42.4%, net earnings $853M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | +5% | +27% |
| Gross profit | $1.5B | +4% | +28% |
| Operating profit | $978M | -0.8% | +25% |
| Net earnings | $853M | -4% | +14% |
| Operating cash flow | $1.3B | +6% | +8% |
| Free cash flow | $1.2B | +5% | +6% |
What changed
Revenue was $2.3B in Q3 2025, up 27% year over year and up 5% from the previous quarter. Product was the largest line at 83% of revenue. Product added $0.39B year over year (up 25%), 78% of the total change.
Gross margin was 64.6%, up 0.4 points from a year earlier. Operating profit was $1.0B, a 42.4% margin (down 1.0 points year over year). Of the extra revenue versus a year earlier, 39% reached operating profit, below the 43% margin then. Operating expenses grew 36% against revenue growth of 27%. The fastest-growing cost line was Sales & marketing (+42%). Net earnings were $0.85B, up 14% year over year. The effective tax rate was 20.8%.
Operating cash flow was $1.3B (up 8% year over year), 149% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.13B of share-based compensation. Working capital and other items added $0.26B. Capital expenditures of $0.03B left free cash flow of $1.2B.
Questions
What was Arista Networks' revenue in the third quarter 2025?
Arista Networks (ANET) reported revenue of $2.3B for the third quarter 2025 (Q3 2025), +27% from a year earlier and +5% from the quarter before.
Was Arista Networks profitable in the third quarter 2025?
Operating profit was $978M (42.4% of revenue) and net earnings $853M.
Source: Arista Networks 10-Q on SEC EDGAR.