Arista Networks, Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
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Condensed Consolidated Income Statements for the and
Condensed Consolidated Income Statements
(Unaudited, in millions, except per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue: | ||||
| Product | $1,877.0 | $1,423.3 | $3,569.5 | $2,752.1 |
| Service | 327.8 | 267.1 | 640.1 | 509.7 |
| Total revenue | 2,204.8 | 1,690.4 | 4,209.6 | 3,261.8 |
| Cost of revenue: | ||||
| Product | 707.3 | 540.4 | 1,380.0 | 1,062.1 |
| Service | 58.9 | 52.8 | 114.9 | 101.1 |
| Total cost of revenue | 766.2 | 593.2 | 1,494.9 | 1,163.2 |
| Gross profit | 1,438.6 | 1,097.2 | 2,714.7 | 2,098.6 |
| Operating expenses: | ||||
| Research and development | 296.5 | 267.5 | 562.9 | 475.9 |
| Sales and marketing | 126.5 | 104.4 | 243.1 | 209.5 |
| General and administrative | 29.4 | 25.7 | 63.7 | 53.5 |
| Total operating expenses | 452.4 | 397.6 | 869.7 | 738.9 |
| Income from operations | 986.2 | 699.6 | 1,845.0 | 1,359.7 |
| Other income (expense), net | 94.0 | 70.8 | 190.2 | 133.5 |
| Income before income taxes | 1,080.2 | 770.4 | 2,035.2 | 1,493.2 |
| Provision for income taxes | 191.4 | 105.0 | 332.6 | 190.1 |
| Net income | $888.8 | $665.4 | $1,702.6 | $1,303.1 |
| Net income per share (1): | ||||
| Basic | $0.71 | $0.53 | $1.35 | $1.04 |
| Diluted | $0.70 | $0.52 | $1.34 | $1.02 |
| Weighted-average shares used in computing net income per share (1): | ||||
| Basic | 1,256.3 | 1,254.8 | 1,258.2 | 1,253.5 |
| Diluted | 1,271.2 | 1,279.7 | 1,275.2 | 1,279.6 |
(1)Prior period results have been adjusted to reflect thefour-for-one stock split effected in December 2024. See Note 1, Organization and Summary of Accounting Policies, for details.
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