If Robots Do All the Work, Who Gets Paid?
If machines do the work, who gets paid? Every economy has been built on whatever made wealth at the time. The record on jobs and pay, the arguments on both sides, and four answers to who owns the machines.
Arista NetworksANET
Makes high-speed network switches for data centres, including the networks that link AI chips together.
Share price
Key figures, last 12 months
- Market cap
- $215.7bn at 170.75, 6 November 2026
- Revenue growth
- +40.7% on $11.9bn of revenue
- Operating margin
- 43.8% +0.9 pts on a year earlier
- Free cash flow margin
- 42.2% −5.7 pts on a year earlier
- ROIC
- —
Financial metrics
- Revenue
- $11.9bn +40.7% on a year earlier
- Net income
- $4.8bn +41.6% on a year earlier
- Earnings per share
- $3.72
- Price to earnings
- 45.9×
- Free cash flow
- $5.0bn +24% on a year earlier
- Profit turned into cash
- 105.6%
- Spending on build-out
- 1.9% +0.7 pts on a year earlier
- Cash and investments
- $14.4bn
- Total debt
- —
- Net cash
- —
- Debt to equity
- —
- Shares (diluted)
- 1.28bn +0.1% on a year earlier
Revenue by financial year
Latest filings
- Quarterly report to 30 September 20264 November 2026
- Quarterly report to 30 June 20265 August 2026
- Quarterly report to 31 March 20266 May 2026
Coming soon
Hindsight Analysis
A closer look at Arista Networks’s finances: what the figures reveal, the risks they show, and how the company’s promises compare with its results.
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