{
  "slug": "arista-networks-inc",
  "symbol": "ANET",
  "name": "Arista Networks",
  "fiscalYearEnd": "2025-12-31",
  "filing": {
    "accession": "0001596532-26-000013",
    "form": "10-K",
    "filed": "2026-02-17",
    "url": "https://www.sec.gov/Archives/edgar/data/1596532/000159653226000013/anet-20251231.htm"
  },
  "model": "claude-haiku-5-5",
  "promptVersion": "2026-10-31.2",
  "generatedAt": "2026-10-31T20:13:44.428195+00:00",
  "segments": null,
  "sections": {
    "businessModel": [
      {
        "de": "Zu den Campus-Produkten gehören Spine-Switches, Leaf-Switches mit Power-over-Ethernet (PoE) und WLAN-Access-Points, die alle über CloudVision verwaltet werden.",
        "en": "Campus products include spine switches, leaf switches with Power-over-Ethernet (PoE) and Wi-Fi access points, all managed through CloudVision.",
        "quote": "We offer a robust set of solutions, ranging from modular and fixed-form-factor campus spine switches to Power-over-Ethernet (\"PoE\") leaf switches and Wi-Fi access points, all managed through CloudVision®."
      },
      {
        "de": "Die Routing-Plattformen 7280R4 Universal Leaf sowie 7500R3 und 7800R4 Universal Spine dienen Einsatzfällen wie Data-Center-Interconnect, Peering, Business-VPNs und Core-Routing.",
        "en": "The company's 7280R4 Universal Leaf and 7500R3 and 7800R4 Universal Spine routing platforms serve uses such as data center interconnect, peering, business VPNs and core routing.",
        "quote": "Our 7280R4 Universal Leaf and 7500R3 and 7800R4 Universal Spine platforms serve a variety of use cases, including high-speed multi-cloud connect, Data Center Interconnect (DCI), controller-based traffic engineering, peering, business VPNs, core routing, and secure enterprise edge routing."
      },
      {
        "de": "Partner erhalten in der Regel zuerst eine Bestellung eines Endkunden, bevor sie beim Unternehmen bestellen.",
        "en": "Partners usually get an order from an end customer before they order from the company.",
        "quote": "Our partners typically receive an order from an end customer before placing an order with us, and we verify the end customer's identification before accepting such orders."
      },
      {
        "de": "Die Produktfamilie Etherlink umfasst über zwanzig Produkte für KI-Anwendungen mit Scale Out und Scale Across heute sowie für Scale Up in der Zukunft.",
        "en": "The Etherlink product family has over twenty products for AI Scale Out and Scale Across use cases today, and for Scale Up in the future.",
        "quote": "The Arista Etherlink portfolio comprises a family of over twenty products designed to support the diverse range of AI Scale Out and Scale Across use cases today and Scale Up in the future."
      }
    ],
    "customers": [
      {
        "de": "Zu den Kunden gehören große Cloud-Anbieter, weitere Internet- und Diensteanbieter inklusive AI Neoclouds sowie Unternehmen wie Finanzdienstleister und Behörden.",
        "en": "Customers include large cloud companies, other internet and service providers including AI Neoclouds, and enterprises such as financial services organizations and government agencies.",
        "quote": "Our customers include large cloud customers or Cloud and AI Titans, other internet and service providers, including specialty and AI Neoclouds, and a wide breadth of enterprise customers, including financial services organizations and government agencies."
      },
      {
        "de": "Zu den Firmenkunden gehören Unternehmen aus Medien und Unterhaltung, Gesundheitswesen, Öl und Gas, Bildung, Fertigung und Industrie, unter anderem.",
        "en": "Enterprise customers include companies in media and entertainment, healthcare, oil and gas, education, manufacturing and industrial sectors, among others.",
        "quote": "We continue to diversify the types of enterprise customers we serve and have expanded our presence across a wide spectrum of industries, including media and entertainment, healthcare, oil and gas, education, manufacturing and industrial sectors, among others."
      }
    ],
    "competition": [
      {
        "de": "Rechenzentrums- und Campus-Netzwerke wurden historisch von Cisco dominiert. Weitere genannte Wettbewerber sind Dell/EMC, Extreme Networks, Hewlett Packard Enterprise, Huawei, Juniper Networks und Nvidia.",
        "en": "Data center and campus networking have historically been dominated by Cisco. Other named rivals include Dell/EMC, Extreme Networks, Hewlett Packard Enterprise, Huawei, Juniper Networks and Nvidia.",
        "quote": "The data center and campus networking markets have historically been dominated by Cisco, with competition also coming from other large network equipment and system vendors, including Dell/EMC, Extreme Networks, Hewlett Packard Enterprise, Huawei, Juniper Networks, Nvidia, and white box networking vendors that utilize open-source operating systems."
      },
      {
        "de": "Cisco hat Acacia Communications übernommen, Hewlett Packard Enterprise hat Juniper Networks übernommen. Weitere Übernahmen werden ebenfalls genannt.",
        "en": "Cisco acquired Acacia Communications, and Hewlett Packard Enterprise acquired Juniper Networks. Other deals are named too.",
        "quote": "For example, Cisco acquired Acacia Communications, Broadcom acquired Brocade Communications and VMware, Dell acquired Force10 Networks, Hewlett Packard Enterprise acquired Juniper Networks, and Nvidia has made significant investment in several AI Neoclouds."
      },
      {
        "de": "Ethernet in den Back-End-Netzen für KI-Cluster steht im Wettbewerb mit InfiniBand und NVLink-Verbindungen.",
        "en": "Ethernet in AI back-end networking clusters faces competition from InfiniBand and NVLink interconnects.",
        "quote": "Ethernet, faces competition from both InfiniBand (\"IB\") and NVLink interconnects for back-end AI networking clusters."
      }
    ],
    "risks": [
      {
        "de": "Das Unternehmen ist bei seinen Switching-Chips hauptsächlich auf Broadcom angewiesen.",
        "en": "The company relies mainly on Broadcom for its switching chips.",
        "quote": "In particular, we are primarily reliant upon our predominant merchant silicon vendor, Broadcom, for our switching chips."
      },
      {
        "de": "Im Jahr 2025 entfielen 26 % und 16 % des Gesamtumsatzes auf zwei Kunden.",
        "en": "In 2025, two customers accounted for 26% and 16% of total revenue.",
        "quote": "Two of our customers accounted for more than 10% of our sales for the year ended December 31, 2025. Sales to these two customers represented 26% and 16% of our total revenue for the year ended December 31, 2025, respectively."
      },
      {
        "de": "Das Unternehmen kann die höheren handelsbedingten Kosten möglicherweise nicht vollständig an Partner oder Kunden weitergeben, was Rentabilität und Wettbewerbsfähigkeit beeinträchtigen könnte.",
        "en": "The company may not be able to pass on all higher trade-related costs to partners or customers, which could hurt profitability and competitiveness.",
        "quote": "We also may not be able to pass on the full burden of the increase in trade-related costs to our partners and/or customers which could impact our profitability and/or our competitiveness."
      },
      {
        "de": "Das Unternehmen hat keine langfristigen Verträge mit seinen Drittherstellern, die Kapazität oder bestimmte Preiskonditionen garantieren.",
        "en": "The company has no long-term contracts with its third-party manufacturers guaranteeing capacity or pricing terms.",
        "quote": "We do not have long-term contracts with our third-party manufacturers that guarantee capacity, the continuation of particular pricing terms or the extension of credit limits."
      },
      {
        "de": "Kunden könnten die Nachfrage für ihre KI-Ausbauten überschätzen und Bestellungen mit wenig oder ohne Vorankündigung stornieren, verschieben oder ändern.",
        "en": "Customers may overestimate demand for their AI build-outs and may cancel, delay or change orders with little or no notice.",
        "quote": "Customers may overestimate demand for their AI build outs and cancel, delay, reduce or otherwise modify their purchase commitments with little or no notice to us."
      }
    ]
  }
}