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Arista Networks vs Extreme Networks: ANET and EXTR compared
Arista Networks is the larger company: $3.7B of revenue in its latest quarter (Q3 2026) against $341M for Extreme Networks (Q1 FY27). Arista Networks is growing faster (+58% against +10% a year earlier). Arista Networks is more profitable, with an operating margin of 44.9% against 6.8%.
Where the money goes: ANET and EXTR
Arista Networks (ANET) · Q3 2026
Arista Networks, Q3 2026: revenue $3.7B (+58% year over year), operating margin 44.9%, net earnings $1.6B, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
Extreme Networks (EXTR) · Q1 FY27
Extreme Networks, Q1 FY27: revenue $341M (+10% year over year), operating margin 6.8%, net earnings $16.0M, operating cash flow $45.4M. The chart follows the revenue to costs, profit and cash.
| Arista Networks (ANET) | Extreme Networks (EXTR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $3.7B | $341M |
| Revenue growth, Y/Y | +58% | +10% |
| Gross margin | 63.6% | 62.1% |
| Operating margin | 44.9% | 6.8% |
| Net earnings | $1.6B | $16.0M |
| Net margin | 42.7% | 4.7% |
| Operating cash flow | $1.2B | $45.4M |
| Free cash flow | $1.1B | $38.7M |
| Market value | $217.4B | $3.2B |
| P/E | 45.8× | 61.6× |
| Analysts’ mean target | $250.00 | $33.62 |
Where the revenue comes from
Arista Networks
- Product: $3.2B (87%)
- Service: $468M (13%)
Extreme Networks
- Product: $218M (64%)
- Subscription and Support: $123M (36%)
Questions
Which is bigger, Arista Networks or Extreme Networks?
Arista Networks is the larger company: $3.7B of revenue in its latest quarter (Q3 2026) against $341M for Extreme Networks (Q1 FY27).
Is Arista Networks or Extreme Networks growing faster?
Arista Networks is growing faster (+58% against +10% a year earlier).
Which is more profitable, Arista Networks or Extreme Networks?
Arista Networks is more profitable, with an operating margin of 44.9% against 6.8%.
More: Arista Networks earnings · how Arista Networks makes money · Extreme Networks earnings · how Extreme Networks makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.