ANET Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-12-31), ANET reported revenue of $2.5B, gross profit of $1.6B (62.9% gross margin), operating income of $1.0B, and net income of $956M (38.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
ANET was profitable; revenue grew 7.8% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +7.8% | +12.1% | +1.5 pp |
Consensus estimate data is not available for this report.
ANET Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $2.5B | 100% |
| Cost of Revenue | −$924M | 37.1% |
| Gross Profit | $1.6B | 62.9% |
| Research & Development | −$348M | 14.0% |
| Selling, General & Administrative | −$183M | 7.3% |
| Operating Income | $1.0B | 41.5% |
| Other Income, net | $105M | 4.2% |
| Income Tax Expense | −$182M | 7.3% |
| Net Income | $956M | 38.4% |
Source: original SEC filing (filed 2026-02-12). Accession 0001596532-26-000010. Data normalized by EarningsFyi.