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Arista Networks (ANET) Financial Forecast Calculator

Interactive 5-year forecast and DCF for Arista Networks. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Arista Networks’s most recent SEC filings.

Revenue FY30
$14.58B
from $5.86B
FCF FY30
$3.63B
Margin 24.9%
Enterprise value
$51.13B
8.7× LTM revenue
Equity value
$53.89B
Net debt -$2.76B
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
20.0%
-10.0%baseline 20.0%40.0%
Gross margin
63.0%
5.0%baseline 63.0%90.0%
Capex % of revenue
1.0%
0.0%baseline 1.0%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the Arista Networks forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Frequently asked

What does Arista Networks do?+

Arista Networks provides cloud networking solutions, data centre switches, and routing platforms, powered by its proprietary Extensible Operating System (EOS) software. These solutions enable high-performance, low-latency networking crucial for AI workloads, large-scale data centres, and campus environments.

What are the primary drivers of Arista Networks' revenue growth?+

Arista Networks' revenue growth is primarily driven by the ongoing AI networking infrastructure boom and capital expenditure cycles from Cloud Titans. The company surpassed $9 billion in revenue in FY2025, largely due to AI network deployments.

How does Arista Networks' capital expenditure profile impact its financial model?+

Arista Networks maintains a low capital expenditure profile, with capex as a percentage of revenue typically between 1.0% and 2.0%. This reflects its asset-light business model, where manufacturing is outsourced, and most software development is expensed as R&D.

What is a key revenue growth assumption used in the Arista Networks financial model?+

A key revenue growth assumption in the Arista Networks financial model is 20% (Revenue_Growth=0.2). This reflects the company's strong performance, having achieved 28.6% YoY growth in FY2025 driven by AI network deployments.

What is the purpose of the Arista Networks financial model?+

The Arista Networks financial model evaluates the company's equity valuation and its capacity to generate cash flow. Its primary goal is to determine if Arista's premium trading multiple is justified by the ongoing AI networking infrastructure boom and Cloud Titan capital expenditure cycles.

Can I download an Excel financial model for Arista Networks?+

Yes, an Excel financial model for Arista Networks is available for download. This model forecasts financial performance from FY2026 to FY2030 and utilizes a general corporate model family.

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