OakChart

Arista Networks Inc

ANETTechnology·Computer Hardware·USA·Mega·NYSE·Nov 11 • 8:25 AM ET

195.31+10.29 (5.56%)
2026-11-11 14:25 CET
Market cap
233,754.27 USD m
Revenue, TTM
11,890.10 USD m
Net income, TTM
4,752.00 USD m
Free cash flow, TTM
5,017.40 USD m
EPS diluted, TTM
3.72
P/E
52.44
Compare

Price

ANET against its 20, 50 and 200-day averages
2050200beat
140.00160.00180.00200.00220.0010.2M20.4MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26ANETclose 195.3120-day 178.3850-day 192.37200-day 166.81195.31

10.2% under 217.41 on 9 Oct 2026. Last 15 sessions, 23.8% high to low

Profile

ANET
52-week range, 79% of the way up
114.52217.41

Arista Networks, Inc. engages in the development, marketing, and sale of cloud networking solutions. Its solutions include EOS, a set of network applications, and Gigabit Ethernet switching and routing platforms. Its product categories include core, cognitive adjacencies, and cognitive networks. The company was founded by Andreas Bechtolsheim, David Cheriton, and Kenneth Duda in November 2004 and is headquartered in Santa Clara, CA.

IndexS&P 500, RUI
Employees5115
IPOJun 06, 2014
Beta1.62
ATR, 14d10.99
Rel volume0.17
Short float1.14%
Insider own16.66%
Inst own73.97%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap246.76B
Enterprise Value232.40B
Income4.75B
Sales11.89B
Book/sh13.02
Cash/sh11.37
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout0.00%
Employees5115
IPOJun 06, 2014

Ratios

P/E52.44
Forward P/E32.28
PEG0.90
P/S20.75
P/B15.00
P/C17.18
P/FCF49.18
EV/EBITDA43.81
EV/Sales19.55
Quick Ratio2.82
Current Ratio3.29
Debt/Eq0.00
LT Debt/Eq0.00
Option/ShortYes / Yes

Earnings

EPS (ttm)3.72
EPS next Y6.05
EPS next Q1.28
EPS this Y46.40%
EPS next Y38.70%
EPS next 5Y35.94%
EPS past 3/5Y37.09% 40.70%
Sales past 3/5Y27.15% 31.19%
EPS Y/Y TTM41.43%
Sales Y/Y TTM40.74%
EPS Q/Q82.70%
Sales Q/Q58.45%
EarningsNov 03 AMC
EPS/Sales Surpr.11.07% 9.68%

Ownership

Insider Own16.66%
Insider Trans-3.36%
Inst Own73.97%
Inst Trans-0.42%
ROA21.94%
ROE33.52%
ROIC28.89%
Gross Margin62.88%
Oper. Margin43.83%
Profit Margin39.97%
SMA209.49%
SMA501.53%
SMA20017.08%
Trades-

Technical

Shs Outstand1.26B
Shs Float1.05B
Short Float1.14%
Short Ratio1.93
Short Interest12.03M
52W High217.41 -10.17%
52W Low114.52 70.55%
Volatility6.36% 4.82%
ATR (14)10.99
RSI (14)55.81
Beta1.62
Rel Volume0.17
Avg Volume6.24M
Volume52,969

Performance

Perf Week9.43%
Perf Month-4.50%
Perf Quarter-4.08%
Perf Half Y38.82%
Perf YTD49.06%
Perf Year44.75%
Perf 3Y277.70%
Perf 5Y499.33%
Perf 10Y3527.35%
Recom1.11
Target Price250.17
Prev Close185.02
Price195.31
Change %5.56%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 30, 2026InitiatedBBernsteinOutperform$250+28.0%
Sep 01, 2026InitiatedDDeutsche BankBuy$220+12.6%
Jul 15, 2026UpgradeEErste GroupHold → Buy
May 15, 2026UpgradeRRaymond JamesMkt Perform → Outperform$164-16.0%
Apr 07, 2026UpgradeRRosenblattNeutral → Buy$180-7.8%
Mar 31, 2026InitiatedTTruistBuy$161-17.6%
Mar 12, 2026InitiatedTTD CowenBuy$170-13.0%
Jan 05, 2026UpgradePPiper SandlerNeutral → Overweight$159-18.6%
Nov 10, 2025DowngradeEErste GroupBuy → Hold
Sep 25, 2025UpgradeBBNP Paribas ExaneNeutral → Outperform$172-11.9%

Peers

Mkt cap
TickerCompanyMkt cap
CSCOCisco Systems Inc392.62B
HPEHewlett Packard Enterprise Co67.80B
NVDANVIDIA Corp4230.80B
DELLDell Technologies Inc230.14B
AVGOBroadcom Inc1654.11B
NOKNokia Corp ADR48.44B
CIENCIENA Corp41.68B
MRVLMarvell Technology Inc148.08B
SMCISuper Micro Computer Inc19.39B
NTAPNetapp Inc36.30B

Insider trading

latest 14 of 100
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
BECHTOLSHEIM ANDREAS10% OwnerNov 06 '26Sale168.96260,00043,928,304179,755,156Nov 10 07:07 PM
BECHTOLSHEIM ANDREAS10% OwnerNov 05 '26Sale165.45260,00043,016,606180,015,156Nov 09 07:06 PM
Andreas Bechtolsheim10% OwnerNov 06 '26Proposed Sale170.80260,00044,408,000Nov 06 05:31 PM
Andreas Bechtolsheim10% OwnerNov 05 '26Proposed Sale159.16260,00041,381,600Nov 05 05:32 PM
TEMPLETON MARK BDirectorNov 02 '26Sale165.855,000829,25543,410Nov 04 05:49 PM
BECHTOLSHEIM ANDREAS10% OwnerOct 30 '26Sale171.19267,89245,859,344180,275,156Nov 03 07:18 PM
Andreas Bechtolsheim10% OwnerOct 30 '26Proposed Sale168.86267,89245,236,243Oct 30 05:51 PM
Duda KennethPresident and CTOOct 20 '26Option Exercise14.1517,333245,19830,309Oct 22 07:19 PM
Duda KennethPresident and CTOOct 20 '26Sale180.9126,0004,703,735432,400Oct 22 07:19 PM
Duda KennethPresident and CTOOct 20 '26Sale180.9117,3333,135,76112,976Oct 22 07:19 PM
Kenneth DudaOfficerOct 20 '26Proposed Sale182.9524,0004,390,800Oct 20 04:21 PM
Kenneth DudaOfficerOct 20 '26Proposed Sale182.9524,0004,390,800Oct 20 04:20 PM
Kenneth DudaOfficerOct 20 '26Proposed Sale182.9530,0005,488,500Oct 20 04:14 PM
Kenneth DudaOfficerOct 20 '26Proposed Sale182.9551,9999,513,217Oct 20 04:13 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 689.41B
VOOVanguard S&P 500 ETFAUM: 1057.81B
IVViShares Core S&P 500 ETFAUM: 875.00B
SPYSPDR S&P 500 ETF TrustAUM: 791.88B
VUGVanguard Morningstar Growth ETFAUM: 219.27B
VGTVanguard Information Technology ETFAUM: 139.52B
XLKState Street Technology Select Sector SPDR ETFAUM: 114.21B
IWFiShares Russell 1000 Growth ETFAUM: 118.13B
QUALiShares MSCI USA Quality Factor ETFAUM: 48.54B
SPYMState Street SPDR Portfolio S&P 500 ETFAUM: 183.21B

News

latest 14 of 206
  • Arista Networks Inc. stock outperforms competitors on strong trading day (MarketWatch) +9.00%
  • Top Research Reports for ASML, Alibaba & Intuitive Surgical (Zacks)
  • Wall Street's Four Main Benchmarks Start the Week Higher as Inflation Data Nears (PR Newswire)
  • Arista Networks Inc. stock outperforms competitors on strong trading day (MarketWatch) +7.31%
  • Arista Networks earnings analysis: questions answered and next catalysts (Investing.com) +5.04%
  • Loading…
  • Arista Networks gets BofA backing as 2027 growth outlook tops Street (Proactive)
  • Arista Networks Shares Surge 9.6% as Record Q3 Earnings and Strong AI Demand Lift 2027 Outlook (InvestorsHub)
  • Treasury's Refunding Details Are Up Next as Five Large Companies Report Higher Revenue (PR Newswire)
  • Advanced Micro stock jumps after earnings, and other early market movers (MarketWatch)
  • Arista Networks Posts Its Fastest Growth Since The IPO And Sets A ~$18.5B 2027 Target, But Stalled Deferred Revenue And A Bruised Stock Complicate The Setup (Earnings Whispers)
  • Arista Networks, Super Micro and AMD rally after strong earnings (MarketWatch)
  • Arista Networks Notches Biggest Revenue Gain Since 2014 IPO (Barrons.com)
  • Arista Networks shares jump on upbeat Q3 results, strong guidance (Investing.com)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-031.2001.0801.2203,6583,33526
2026Q22026-08-041.0200.8860.9513,0362,83024
2026Q12026-05-050.8700.8080.8032,7092,61924
2025Q42026-02-120.8200.7580.7502,4882,38421
2025Q32025-11-040.7500.7180.6682,3082,26422
2025Q22025-08-050.7300.6490.6992,2052,10722
2025Q12025-05-060.6500.5900.6362,0051,96721
2024Q42025-02-180.6500.5680.6241,9301,90321
2024Q32024-11-070.6000.5200.5841,8111,75521
2024Q22024-07-300.5250.4860.5201,6901,65623
2024Q12024-05-070.4980.4350.4981,5711,55123
2023Q42024-02-120.5200.4260.4811,5401,53423
2023Q32023-10-300.4580.3950.4291,5091,48023
2023Q22023-07-310.3950.3590.3891,4591,37823
2023Q12023-05-010.3580.3370.3461,3511,30722
2022Q42023-02-130.3530.3030.3391,2761,20123

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY0.6080.5960.6642,4112,410
2020FY0.5650.5590.4992,3182,299
2021FY0.7180.6760.6592,9482,913
2022FY1.1451.0961.0684,3814,306
2023FY1.7351.6391.6465,8605,855
2024FY2.2702.1922.2267,0036,972
2025FY2.9802.8842.7509,0068,898
2026FY-4.363--13,351
2027FY-6.051--18,639
2028FY-7.486--23,287
2029FY-8.717--27,554
2030FY-10.365--34,371

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-06222103,9733,9144,131
2026Q4S2026-11-04232203,9733,9144,131
2026Q4S2026-11-0322113,6013,5363,803
2026Q4S2026-10-2722113,6013,5363,803
2026Q4S2026-10-2122103,6043,5363,803
2026Q4S2026-10-1922203,6043,5363,803
2026Q4S2026-10-14221903,6043,5363,803
2026Q4S2026-10-13221903,6043,5363,803
2026Q4S2026-10-08221903,6043,5363,803
2026Q4S2026-09-28221903,5933,5363,791
2026Q4S2026-09-08211903,5923,5363,791
2026Q4S2026-08-28211903,5923,5363,791
2026Q4S2026-08-07201903,5943,5363,791
2026Q4S2026-08-05191903,5723,3513,775

Estimate history

EPS, annual0.3340.2540.6640.4990.6591.0681.6462.2262.7533.7244
Period201720182019202020212022202320242025TTM
EPS, quarterly0.5840.6240.6360.6990.6680.750.8030.9511.221
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual1646.1862151.3692410.7062317.5122948.0374381.315860.1687003.1469005.711890.1
Period201720182019202020212022202320242025TTM
Sales, quarterly1810.9361930.4362004.82204.82308.32487.827093035.73657.6
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual1179.2961210.6881222.2241218.7841230.7241227.561248.9821261.3341256.51263.4
Period201720182019202020212022202320242025MRQ
Shares, quarterly1259.3881261.3341256.61256.81259.21256.51259.21261.21263.4
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue11,890.109,005.707,003.155,860.174,381.312,948.042,317.512,410.712,151.37
Cost of Goods Sold Incl. D&A4,413.503,237.002,511.842,229.891,705.611,067.26835.63866.37777.99
Gross Profit7,476.605,768.704,491.303,630.282,675.701,880.781,481.891,544.341,373.38
Selling, General and Administrative Excl. Other2,265.501,912.601,546.691,373.031,143.89956.04782.20738.56695.03
Research and Development1,527.201,237.30996.72854.92728.39586.75486.59462.76442.47
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income5,211.103,856.102,944.622,257.251,531.81924.74699.68805.77678.35
Interest Expense0.000.000.000.000.000.000.000.002.70
Unusual Expense0.000.000.000.00-22.780.00-4.16-1.20418.80
Net Income Before Taxes5,828.604,249.703,265.032,422.031,581.80930.88738.86862.27288.80
Income Taxes1,076.60738.30412.98334.70229.3590.03104.312.40-39.31
Consolidated Net Income4,752.003,511.402,852.052,087.321,352.45840.85634.56859.44327.93
Net Income From Continuing Operations4,752.003,511.402,852.052,087.321,352.45840.85634.56859.44327.93
Net Income4,752.003,511.402,852.052,087.321,352.45840.85634.56859.44327.93
EPS (Recurring)3.722.752.231.651.060.660.500.660.48
EPS (Basic, Before Extraordinaries)3.772.792.271.691.100.690.520.700.27
EPS (Diluted)3.722.752.231.651.070.660.500.660.25
EBITDA5,304.503,928.703,006.652,327.881,594.51990.55760.85838.17705.05
Non-Operating Income (Expense)617.50393.60320.42164.7827.216.1435.0255.3031.95
Other After Tax Adjustments0.000.000.000.000.000.000.00-0.42-0.19
Stock Option Compensation Expense404.88346.97280.74234.44182.44136.42100.0473.9372.05
Price To Earnings Ratio49.6849.6853.0639.1933.0654.5736.3719.1354.17
Price To Sales Ratio21.8918.5620.2212.758.7715.579.966.827.92
Gross Margin62.8864.0664.1361.9561.0763.8063.9464.0663.84
Operating Margin43.8342.8242.0538.5234.9631.3730.1933.4231.53
Net Margin39.9738.9940.7335.6230.8728.5227.3835.6515.24
Shares Outstanding1,263.401,256.501,261.331,248.981,227.561,230.721,218.781,222.221,210.69
Market Capitalization233,754.27233,754.27139,241.2773,237.0237,074.2544,229.1422,133.8815,537.5215,943.25

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue3,657.603,035.702,709.002,487.802,308.302,204.802,004.801,930.44
Cost of Goods Sold Incl. D&A1,331.901,125.401,032.20924.00818.10766.20728.70699.44
Gross Profit2,325.701,910.301,676.801,563.801,490.201,438.601,276.101,230.99
Selling, General and Administrative Excl. Other683.30532.30519.00530.90512.00452.40417.30431.34
Research and Development486.90348.20343.70348.40326.00296.50266.40285.02
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income1,642.401,378.001,157.801,032.90978.20986.20858.80799.65
Interest Expense0.000.000.000.000.000.000.000.00
Unusual Expense0.000.000.000.000.000.000.000.00
Net Income Before Taxes1,915.501,504.301,271.401,137.401,077.101,080.20955.00888.93
Income Taxes355.10291.40248.50181.60224.10191.40141.2087.93
Consolidated Net Income1,560.401,212.901,022.90955.80853.00888.80813.80801.00
Net Income From Continuing Operations1,560.401,212.901,022.90955.80853.00888.80813.80801.00
Net Income1,560.401,212.901,022.90955.80853.00888.80813.80801.00
EPS (Recurring)1.220.950.800.750.670.700.640.62
EPS (Basic, Before Extraordinaries)1.240.960.810.760.680.710.650.64
EPS (Diluted)1.220.950.800.750.670.700.640.62
EBITDA1,666.001,401.401,181.101,056.001,001.40999.00872.60815.00
Non-Operating Income (Expense)273.10126.30113.60104.5098.9094.0096.2089.28
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense109.1095.1295.51105.15101.0467.3173.4779.58
Price To Earnings Ratio49.6858.1744.5949.8657.3043.2834.8153.06
Price To Sales Ratio21.8920.5616.1118.5622.0216.3613.3320.26
Gross Margin63.5962.9361.9062.8664.5665.2563.6563.77
Operating Margin44.9045.3942.7441.5242.3844.7342.8441.42
Net Margin42.6639.9537.7638.4236.9540.3140.5941.49
Shares Outstanding1,263.401,261.201,259.201,256.501,259.201,256.801,256.601,261.33
Market Capitalization233,754.27213,912.90154,277.98165,004.77183,138.53128,493.1897,711.58139,241.27

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments10,743.008,303.475,007.973,023.733,408.322,872.872,724.371,956.151,535.56
Short Term Receivables1,886.901,140.481,034.40934.15540.90405.92417.55338.12247.35
Inventories2,247.101,834.571,945.181,451.75696.43498.45257.54279.20340.34
Other Current Assets1,510.00632.29412.52141.12167.0459.7672.17141.34143.19
Total Current Assets16,387.0011,910.828,400.065,550.754,812.683,837.003,471.642,714.802,266.43
Net Property, Plant & Equipment203.10150.80157.47148.40143.82109.52127.0475.3674.28
Total Investments and Advances1.4082.7363.1543.7424.4812.558.3834.5541.64
Intangible Assets416.10330.54357.30388.13281.95312.49100.09112.29-
Deferred Tax Assets1,773.601,440.42945.79574.91442.30441.53452.02126.4965.12
Other Assets667.40128.6232.8669.4829.2125.8426.1218.4913.39
Total Assets19,448.6014,043.929,956.646,775.415,734.434,738.924,185.293,081.982,460.86
Short Term Debt Incl. Current Port. of LT Debt0.0022.1421.1119.8820.3017.7716.052.311.92
Accounts Payable651.70381.08435.06232.57202.64134.2492.1193.7652.20
Income Tax Payable-----1.871.720.840.79
Other Current Liabilities4,724.802,329.001,463.271,041.08886.89614.37487.20509.60474.99
Total Current Liabilities5,376.502,732.221,919.431,293.531,109.83768.24597.07606.50529.90
Long Term Debt0.0037.5044.4143.9656.5372.4083.0235.4337.67
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities---0.04129.07227.94254.71--
Other Liabilities1,701.601,279.39773.73552.05460.40350.05355.80296.66231.37
Total Liabilities7,078.104,049.112,737.581,889.591,755.831,418.631,290.60938.59798.95
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity12,370.509,994.817,219.064,885.823,978.603,320.292,894.692,143.391,661.91
Total Shareholders Equity12,370.509,994.817,219.064,885.823,978.603,320.292,894.692,143.391,661.91
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity12,370.509,994.817,219.064,885.823,978.603,320.292,894.692,143.391,661.91
Total Liabilities & Stockholders Equity19,448.6014,043.929,956.646,775.415,734.434,738.924,185.293,081.982,460.86
Book Value Per Share9.857.925.783.983.232.722.371.771.41
Tangible Book Value Per Share9.517.665.493.663.002.472.291.681.41
Full-Time Employees5,1154,4124,0233,6122,9932,6132,3002,3001,800
Price to Book Ratio14.2115.0611.268.4511.126.675.377.4411.29
Return on Assets20.9723.7824.9521.6216.0614.2223.6511.8320.16
Return on Equity31.4033.1434.4930.5123.0420.4234.1217.2430.50
Return on Invested Capital28.3928.4328.7427.4320.8418.7028.8615.0524.85
Quick Ratio2.633.693.363.173.714.355.384.023.63
Current Ratio3.054.364.384.294.344.995.814.484.28

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income4,752.003,511.402,852.052,087.321,352.45840.85634.56859.87328.12
Depreciation93.1072.6062.0470.6362.7065.8161.1732.4026.70
Other Funds (Non Cash)360.70412.10301.83262.77234.87215.36134.22105.71102.61
Funds from Operations5,465.603,684.102,723.052,049.931,405.631,022.73820.80922.24399.53
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-226.30687.80985.18-15.92-912.82-6.88-85.6940.80103.59
Income Taxes Payable-102.50-47.80-66.5020.1744.036.228.8023.52-0.11
Cash from Operating Activities5,239.304,371.903,708.242,034.01492.811,015.86735.11963.03503.12
Capital Expenditures-221.90-119.50-32.03-34.43-44.64-64.74-15.38-15.75-23.83
Net Assets From Acquisitions0.00-300.000.000.00-145.090.00-227.42-1.36-96.82
Sale of Fixed Assets and Businesses0.000.000.001.800.000.000.000.000.00
Purchase or Sale of Investments-4,401.20-3,171.60-2,418.69-651.65406.06-862.12-366.00-266.96-634.46
Purchase of Investments-8,382.00-6,748.40-4,526.13-2,606.88-1,431.55-2,337.20-2,688.06-1,503.89-1,182.26
Sale Or Maturity of Investments3,980.803,576.802,107.431,955.221,837.611,475.072,322.071,236.94547.80
Other Uses-50.000.00-6.63-3.160.000.000.000.00-2.00
Other Sources14.9014.900.000.000.001.300.000.002.00
Cash from Investing Activities-4,658.20-3,576.20-2,457.35-687.45216.33-925.56-608.80-284.07-755.11
Cash Dividends Paid0.000.000.000.000.000.000.000.000.00
Change in Capital Stock-556.40-1,545.40-363.44-50.19-621.88-344.40-337.62-208.7653.66
Repurchase of Common Pref Stock-620.10-1,603.10-423.62-112.28-670.29-411.64-395.17-266.140.00
Sale of Common Pref Stock63.7057.7060.1862.0948.4167.2557.5657.3853.66
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net0.000.000.000.000.000.000.000.00-1.93
Change in Long Term Debt0.000.000.000.000.000.000.000.00-1.93
Issuance of Long Term Debt0.000.000.000.000.000.000.000.000.00
Reduction of Long Term Debt0.000.000.000.000.000.000.000.00-1.93
Net Financing Active Other Cash Flow-59.60-50.50-58.37-33.56-32.73-16.48-8.72-9.20-8.88
Other Financing Activities Uses-59.60-50.50-58.37-33.56-32.73-16.48-8.72-9.20-8.88
Cash from Financing Activities-616.00-1,595.90-421.81-83.75-654.60-360.88-346.34-217.9642.85
Exchange Rate Effect-3.501.70-4.770.68-3.61-1.821.970.35-1.39
Net Change in Cash-38.40-798.50824.301,263.4950.93-272.40-218.06461.35-210.53
Free Cash Flow5,017.404,252.403,676.201,999.58448.17951.12719.73947.28479.29
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow51.8739.3138.5237.3585.6948.2532.0817.3735.54
Deferred Taxes & Investment Tax Credit--312.00-492.87-370.80-244.38-99.29-9.14-75.74-57.90

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments14,359.0013,343.3012,353.2010,743.0010,106.208,844.40
Short Term Receivables2,327.802,266.201,923.801,886.901,489.401,623.60
Inventories3,209.802,535.302,380.002,247.102,155.702,059.10
Other Current Assets2,235.702,018.601,899.701,510.001,433.50976.40
Total Current Assets22,132.3020,163.4018,556.7016,387.0015,184.8013,503.50
Net Property, Plant & Equipment378.80312.50250.30203.10172.60152.30
Total Investments and Advances1.501.401.401.401.401.40
Intangible Assets416.10674.30689.60416.10720.30736.30
Deferred Tax Assets1,437.702,001.601,887.201,773.601,665.401,802.50
Other Assets897.70566.90271.30667.40304.30338.20
Total Assets25,264.1023,720.1021,656.5019,448.6018,048.8016,534.20
Short Term Debt Incl. Current Port. of LT Debt0.000.000.000.000.000.00
Accounts Payable682.60692.70608.40651.70481.00543.90
Other Current Liabilities6,039.406,125.705,951.704,724.804,185.603,507.50
Total Current Liabilities6,722.006,818.406,560.105,376.504,666.604,051.40
Long Term Debt0.000.000.000.000.000.00
Provision for Risks Charges0.000.000.000.000.000.00
Other Liabilities2,095.402,104.001,609.301,701.601,475.101,581.20
Total Liabilities8,817.408,922.408,169.407,078.106,141.705,632.60
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity16,446.7014,797.7013,487.1012,370.5011,907.1010,901.60
Total Shareholders Equity16,446.7014,797.7013,487.1012,370.5011,907.1010,901.60
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity16,446.7014,797.7013,487.1012,370.5011,907.1010,901.60
Total Liabilities & Stockholders Equity25,264.1023,720.1021,656.5019,448.6018,048.8016,534.20
Book Value Per Share13.0211.7310.719.859.468.67
Tangible Book Value Per Share12.6911.2010.169.518.888.09
Full-Time Employees---5,115--
Price to Book Ratio14.2115.8612.4713.8616.8012.71
Return on Assets21.9420.1020.5720.9721.7323.10
Return on Equity33.5231.4831.5231.4031.7433.64
Return on Invested Capital9.498.207.587.737.168.15
Quick Ratio2.822.592.472.632.792.82
Current Ratio3.292.962.833.053.253.33

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income1,560.401,212.901,022.90955.80853.00888.80
Depreciation23.6023.4023.3022.8023.2012.80
Other Funds (Non Cash)0.50113.20117.50129.50125.4076.30
Funds from Operations2,166.901,241.301,058.80998.601,137.00747.10
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-966.00-158.30634.70263.30131.20453.00
Income Taxes Payable-358.30-154.50352.9057.40-257.60-88.90
Cash from Operating Activities1,200.901,083.001,693.501,261.901,268.201,200.10
Capital Expenditures-100.70-29.70-54.50-37.00-30.10-24.00
Net Assets From Acquisitions0.000.000.000.000.00-300.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments-1,088.30-1,510.10-815.80-987.00-1,146.00-301.10
Purchase of Investments-2,121.00-2,396.30-1,932.60-1,932.10-2,110.60-1,160.20
Sale Or Maturity of Investments1,032.70886.201,116.80945.10964.60859.10
Other Uses-25.00-35.000.0010.00-10.000.00
Other Sources0.00-5.005.0014.900.000.00
Cash from Investing Activities-1,214.00-1,579.80-865.30-999.10-1,186.10-625.10
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock29.503.5029.90-619.3025.60-192.70
Repurchase of Common Pref Stock0.000.000.00-620.100.00-195.90
Sale of Common Pref Stock29.503.5029.900.8025.603.20
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net0.000.000.000.000.000.00
Change in Long Term Debt0.000.000.000.000.000.00
Issuance of Long Term Debt0.000.000.000.000.000.00
Reduction of Long Term Debt0.000.000.000.000.000.00
Net Financing Active Other Cash Flow-18.50-5.00-29.90-6.20-5.00-4.50
Other Financing Activities Uses-18.50-5.00-29.90-6.20-5.00-4.50
Cash from Financing Activities11.00-1.500.00-625.5020.60-197.20
Exchange Rate Effect0.10-1.00-2.600.00-1.602.60
Net Change in Cash-2.00-499.30825.60-362.70101.10380.40
Free Cash Flow1,100.201,053.301,639.001,224.901,238.101,176.10
Price to Free Cash Flow51.8742.0529.6339.3145.9732.72

Revenue breakdown

Product2024: 5.88B 2025: 7.58B
Service2024: 1.12B 2025: 1.43B
Americas2024: 5.73B 2025: 7.12B
Asia Pacific2024: 560.90M 2025: 813.30M
EMEA2024: 713.20M 2025: 1.07B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.14%12.0M1052.9M6.03M
2026-10-151.16%12.2M1051.1M6.08M
2026-09-301.14%11.9M1050.3M6.61M
2026-09-151.26%13.2M1049.9M7.21M
2026-08-311.38%14.5M1049.9M7.75M
2026-08-141.23%12.9M1049.4M8.49M
2026-07-311.22%12.8M1047.6M9.66M
2026-07-151.90%19.9M1045.9M9.84M
2026-06-302.07%21.6M1044.6M9.44M
2026-06-151.93%20.2M1044.1M9.10M
2026-05-292.04%21.3M1044.0M8.87M
2026-05-152.00%20.9M1042.5M8.59M
2026-04-301.76%18.4M1042.2M7.59M
2026-04-151.67%17.3M1039.4M7.77M
2026-03-311.63%16.9M1039.4M8.03M
2026-03-131.48%15.4M1039.4M7.75M
2026-02-271.44%14.9M1039.4M7.65M
2026-02-131.23%12.7M1039.5M8.06M
2026-01-301.22%12.8M1042.0M7.86M
2026-01-151.34%14.0M1042.0M7.47M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call10083.8087.150.004.9590.000.000.994-0.1540.003
call10578.9582.1565.104.6311.000.000.994-0.1540.003
call11074.1577.150.004.3140.000.000.993-0.1520.003
call11569.1572.150.004.0110.000.000.992-0.1510.003
call12063.8567.1548.353.7161.000.000.992-0.1500.004
call12559.2562.1560.353.4353.000.000.991-0.1490.004
call13054.6557.1556.203.1624.000.000.990-0.1470.004
call13153.0056.1555.203.1083.000.000.990-0.1470.004
call13251.9555.150.003.0780.000.000.990-0.1460.004
call13350.9554.200.003.0221.000.000.990-0.1460.004
call13449.8553.200.002.9690.000.000.990-0.1460.005
call13549.3552.2035.602.91618.000.000.989-0.1450.005
call13647.9051.200.002.8640.000.000.989-0.1450.005
call13747.2550.200.002.8150.000.000.989-0.1440.005
call13845.7549.200.002.7600.000.000.989-0.1440.005
call13944.9048.200.002.7090.000.000.988-0.1440.005
call14044.2547.2046.132.65721.000.000.988-0.1430.005
call14143.3046.200.002.6060.000.000.985-0.1720.006
call14242.2045.200.002.5580.000.000.985-0.1720.006
call14340.9043.950.002.3810.000.000.985-0.1710.006
call14439.7543.2040.262.4541.000.000.984-0.1700.006
call14539.2042.2539.342.42111.000.000.984-0.1700.007
call14638.7041.2024.952.3541.000.000.984-0.1690.007
call14736.9540.2540.652.3201.000.000.983-0.1680.007
call14836.0539.2515.552.27011.000.000.983-0.1680.007
call14934.9538.2514.802.2201.000.000.982-0.1670.007
call15034.4037.2535.842.17113.0016.000.982-0.1660.007
call152.531.4534.8036.122.0625.002.000.974-0.2150.010
call15528.9532.3033.911.9386.001.000.973-0.2120.010
call157.526.8529.8511.531.8296.000.000.967-0.2310.012
call16024.5027.4029.881.71067.003.000.961-0.2480.014
call162.521.9025.0024.751.6127570.000.953-0.2750.016
call16519.6022.7523.381.53465.001.000.926-0.3930.023
call167.517.4020.4020.051.47467.000.000.902-0.4680.028
call17015.4018.1518.761.3791441.000.862-0.5970.036
call172.513.1515.9015.501.2924530.000.816-0.7270.043
call17511.2013.8012.101.2251,37246.000.767-0.8270.050
call177.59.3011.6011.101.12952210.000.713-0.9060.056
call1807.559.857.401.09546168.000.650-0.9860.060
call182.55.958.256.001.06771.0028.000.584-1.0550.064
call1854.755.706.000.8714975170.517-0.9670.065
call187.53.555.504.601.01574982.000.452-1.0520.065
call1902.623.303.020.8217862610.371-0.8920.062
call192.51.772.862.410.88036974.000.315-0.8860.058
call1951.242.071.750.85649895.000.253-0.7830.052
call197.50.871.461.100.8533972860.207-0.7050.047
call2000.571.100.790.8417754400.159-0.5920.040
call202.50.330.730.510.82542657.000.115-0.4650.032
call2050.220.360.330.76071768.000.068-0.2880.021
call207.50.010.240.200.76312047.000.048-0.2190.016
call2100.060.230.140.8171,87472.000.043-0.2170.015
call212.50.000.160.110.82318822.000.031-0.1680.012
call2150.050.100.050.82015014.000.021-0.1180.008
call217.50.000.140.080.87077.001.000.020-0.1200.008
call2200.020.240.030.92213533.000.019-0.1220.007
call222.50.000.950.010.9733.002.000.018-0.1240.007
call2250.000.080.010.99249.000.000.014-0.1050.006
call227.50.000.730.751.0429.000.000.014-0.1060.006
call2300.000.010.031.0711881.000.009-0.0700.004
call232.50.000.730.010.9011.000.000.002-0.0190.001
call2350.000.720.330.9411520.000.002-0.0190.001
call237.50.000.730.850.9781.000.000.002-0.0190.001
call2400.000.011.240.9957040.000.002-0.0190.001
call2450.000.440.021.08515.001.000.002-0.0200.001
call2500.000.270.101.15787.000.000.002-0.0200.001
call2550.001.710.141.2244.000.000.002-0.0200.001
call2600.001.550.101.2924.000.000.002-0.0200.001
call2650.000.920.111.35716.000.000.002-0.0210.001
call2700.001.290.291.4201.000.000.002-0.0210.001
call2750.002.091.511.4822.000.000.002-0.0210.001
call2800.001.530.121.5436.000.000.001-0.0210.001
call2850.000.400.101.60264.000.000.001-0.0210.001
put1000.002.130.002.9350.000.00-0.006-0.1430.003
put1050.002.130.002.7210.000.00-0.006-0.1420.003
put1100.002.130.602.5161.000.00-0.007-0.1400.003
put1150.002.130.252.3203.000.00-0.008-0.1390.003
put1200.002.130.082.1341060.00-0.008-0.1370.004
put1250.000.300.011.95374.001.00-0.009-0.1350.004
put1300.000.730.081.77839.000.00-0.010-0.1330.004
put1310.000.960.001.7410.000.00-0.010-0.1320.004
put1320.000.600.001.7070.000.00-0.010-0.1320.004
put1330.000.620.001.6750.000.00-0.010-0.1310.004
put1340.001.140.001.6390.000.00-0.010-0.1310.005
put1350.000.770.311.60880.001.00-0.011-0.1300.005
put1360.000.960.001.5722.000.00-0.011-0.1300.005
put1370.001.150.001.5420.000.00-0.011-0.1290.005
put1380.002.030.001.5090.000.00-0.011-0.1290.005
put1390.001.900.001.4740.000.00-0.012-0.1280.005
put1400.010.100.041.443156137-0.012-0.1280.005
put1410.000.460.301.46469.000.00-0.015-0.1570.006
put1420.000.670.501.43130.000.00-0.015-0.1560.006
put1430.000.300.481.3985070.00-0.015-0.1550.006
put1440.000.300.041.36514.000.00-0.016-0.1550.006
put1450.000.250.061.33298.004.00-0.016-0.1540.007
put1460.000.650.061.30020.000.00-0.016-0.1530.007
put1470.000.910.111.26752.000.00-0.017-0.1520.007
put1480.001.590.901.23543.000.00-0.017-0.1510.007
put1490.000.130.161.20027.002.00-0.018-0.1510.007
put1500.000.130.071.16815515.00-0.018-0.1500.007
put152.50.030.510.121.15837.006.00-0.026-0.1980.010
put1550.000.190.161.075257109-0.027-0.1950.010
put157.50.000.220.201.01910111.00-0.033-0.2140.012
put1600.120.250.170.95832213.00-0.039-0.2300.014
put162.50.000.300.500.9099122.00-0.047-0.2580.016
put1650.080.520.420.92961226.00-0.074-0.3740.023
put167.50.500.660.590.88816946.00-0.098-0.4460.028
put1700.600.920.810.87173460.00-0.138-0.5780.036
put172.50.701.290.920.8611216.00-0.184-0.7080.043
put1751.201.701.500.83584357.00-0.233-0.8080.050
put177.51.652.282.950.81977646.00-0.287-0.8870.056
put1802.413.053.000.81125490.00-0.350-0.9660.060
put182.53.404.153.200.827106110-0.416-1.0350.064
put1854.355.154.050.798462447-0.483-0.9470.065
put187.54.956.456.700.78712188.00-0.548-1.0320.065
put1906.008.108.800.80122848.00-0.629-0.8710.062
put192.57.609.906.630.8145.002.00-0.685-0.8650.058
put1959.5511.757.700.81034.001.00-0.747-0.7610.052
put197.511.2513.9012.450.8414.004.00-0.801-0.6550.046
put20013.4016.0523.010.85335.000.00-0.842-0.5680.039
put202.515.7518.300.000.8720.000.00-0.885-0.4420.032
put20518.1521.5541.411.1550.000.00-0.932-0.2650.021
put207.520.5023.9527.511.2160.000.00-0.952-0.1960.016
put21023.0026.3031.501.2590.000.00-0.957-0.1940.015
put212.525.4528.450.001.2320.000.00-0.969-0.1450.011
put21528.1530.8056.441.2540.000.00-0.979-0.0950.008
put217.530.4033.700.001.4590.000.00-0.980-0.0960.008
put22032.9035.7559.821.4080.000.00-0.981-0.0980.007
put222.535.4038.7062.341.6020.000.00-0.982-0.0990.007
put22537.9040.5019.041.3920.000.00-0.986-0.0800.006
put227.540.4043.700.001.7390.000.00-0.986-0.0810.006
put23042.9045.5042.381.5120.000.00-0.9980.0060.001
put232.545.4048.850.001.9220.000.00-0.9980.0060.001
put23547.9051.1566.951.9150.000.00-0.9980.0070.001
put237.550.4053.700.002.0290.000.00-0.9980.0070.001
put24052.9056.0545.311.9980.000.00-0.9980.0070.001
put24557.9061.400.002.2520.000.00-0.9980.0070.001
put25062.9066.200.002.2910.000.00-0.9980.0080.001
put25567.9071.0073.202.3160.000.00-0.9980.0080.001
put26072.9076.000.002.4220.000.00-0.9980.0080.001
put26577.9081.200.002.6550.000.00-0.9980.0090.001
put27082.9085.8599.902.5970.000.00-0.9980.0090.001
put27587.9090.950.002.6960.000.00-0.9980.0090.001
put28092.9095.850.002.7870.000.00-0.9990.0100.001
put28597.90101.20.003.0500.000.00-0.9990.0100.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-104Statement of changes in beneficial ownership of securities2026-11-06SEC
2026-11-094Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-06144Filing for proposed sale of securities under Rule 144.SEC
2026-11-05144Filing for proposed sale of securities under Rule 144.SEC
2026-11-044Statement of changes in beneficial ownership of securities2026-11-02SEC
2026-11-0410-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-034Statement of changes in beneficial ownership of securities2026-10-30SEC
2026-11-038-KCurrent report2026-11-03SEC
2026-10-30144Filing for proposed sale of securities under Rule 144.SEC
2026-10-224Statement of changes in beneficial ownership of securities2026-10-20SEC
2026-10-20144Filing for proposed sale of securities under Rule 144.SEC
2026-10-20144Filing for proposed sale of securities under Rule 144.SEC
2026-10-20144Filing for proposed sale of securities under Rule 144.SEC
2026-10-20144Filing for proposed sale of securities under Rule 144.SEC
2026-10-134Statement of changes in beneficial ownership of securities2026-10-08SEC
2026-10-09144Filing for proposed sale of securities under Rule 144.SEC
2026-10-094Statement of changes in beneficial ownership of securities2026-10-07SEC
2026-10-08144Filing for proposed sale of securities under Rule 144.SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-10-06SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-10-06SEC
2026-10-07144Filing for proposed sale of securities under Rule 144.SEC
2026-10-06144Filing for proposed sale of securities under Rule 144.SEC
2026-10-06144Filing for proposed sale of securities under Rule 144.SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-09-294Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-25144Filing for proposed sale of securities under Rule 144.SEC
2026-09-234Statement of changes in beneficial ownership of securities2026-09-21SEC
2026-09-214Statement of changes in beneficial ownership of securities2026-09-17SEC
2026-09-17144Filing for proposed sale of securities under Rule 144.SEC
2026-09-144Statement of changes in beneficial ownership of securities2026-09-10SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110087.77M3
2026-1000208.11M9
2026-090082.85M6
2026-0800553.97M13
2026-0700234.22M8
2026-0600125.71M6
2026-050077.87M9
2026-0400227.75M10
2026-03009.00M4
2026-02009.68M5
2026-01008.26M3
2025-12007.92M3
2025-110011.50M5

Institutional holders

Manager% owned
BlackRock, Inc.7.26%
VANGUARD CAPITAL MANAGEMENT LLC5.45%
STATE STREET CORP3.83%
FMR LLC3.54%
GEODE CAPITAL MANAGEMENT, LLC2.26%
VANGUARD PORTFOLIO MANAGEMENT LLC2.05%
PRICE T ROWE ASSOCIATES INC /MD/1.84%
MORGAN STANLEY1.56%
Cresset Asset Management, LLC1.54%
Capital Research Global Investors1.05%

Funds

Fund% owned
VANGUARD TOTAL STOCK MARKET INDEX FUND2.70%
VANGUARD 500 INDEX FUND2.12%
iShares Core S&P 500 ETF1.13%
Fidelity 500 Index Fund1.06%
SPDR S&P 500 ETF TRUST0.99%
VANGUARD GROWTH INDEX FUND0.92%
Growth Fund of America0.91%
VANGUARD INFORMATION TECHNOLOGY INDEX FUND0.59%
State Street(R) Technology Select Sector SPDR(R) ETF0.57%
Fidelity Contrafund0.52%

OakChart. ANET. Cached 15 minutes.