Arista Networks (MEX:ANET) Total Operating Expense: MXN36,829 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:ANET Arista Networks Inc MEX:ANET
95 GF Score
Price MXN3,166.13
GF Value MXN2,441.23
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Arista Networks Total Operating Expense?

Arista Networks MEX:ANET 95 Total Operating Expense is MXN36,829 Mil as of Mar. 2026. GuruFocus rates MEX:ANET with a GF Score™ of 95/100 and a GF Value™ of MXN2,441.23 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Arista Networks's Total Operating Expense for the three months ended in Mar. 2026 was MXN9,359 Mil. Arista Networks's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was MXN36,829 Mil.

Arista Networks Total Operating Expense Related Terms

Arista Networks Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Arista Networks's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Arista Networks Total Operating Expense Chart

Arista Networks Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19,612.20 22,392.91 23,305.64 32,257.51 34,437.70

Arista Networks Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8,537.21 8,518.33 9,392.23 9,559.23 9,358.97
MEX:ANET
95GF Score
Arista Networks Inc MEX:ANET
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arista Networks Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN36,829 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of MXN36,829 Mil mean?
Arista Networks (MEX:ANET) has a Total Operating Expense of MXN36,829 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Arista Networks and its competitors.
Is Arista Networks' Total Operating Expense too high?
Arista Networks' current Total Operating Expense is MXN36,829 Mil. Overall, Arista Networks has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arista Networks' Total Operating Expense compare to WDC and STX?
Arista Networks' Total Operating Expense of MXN36,829 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Hardware company?
A good Total Operating Expense depends on the Hardware industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Arista Networks and its competitors. Arista Networks's current Total Operating Expense is MXN36,829 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arista Networks stock overvalued right now?
Based on GuruFocus' analysis, Arista Networks (MEX:ANET) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN2,441.23, compared to a current price of MXN3,166.13 — trading 29.7% above its estimated fair value. The current Total Operating Expense is MXN36,829 Mil. Arista Networks' overall GF Score™ is 95/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Arista Networks (MEX:ANET), the current Total Operating Expense is MXN36,829 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Arista Networks (MEX:ANET) Overvalued in 2026?

Based on GuruFocus' analysis, Arista Networks stock appears to be overvalued. The current stock price of MXN3,166.13 is trading 29.7% above its estimated GF Value™ of MXN2,441.23. GuruFocus considers Arista Networks to be Modestly Overvalued.

Key valuation signals for MEX:ANET:

  • Total Operating Expense: MXN36,829 Mil
  • GF Value™: MXN2,441.23 vs. price of MXN3,166.13 (29.7% above fair value)
  • GF Score™: 95/100 with 6 warning signs

No single metric tells the full story. See the MEX:ANET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Arista Networks Business Description

Address 5453 Great America Parkway, Santa Clara, CA, USA, 95054
Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three-fourths of its sales from North America.
95GF Score

Get the complete analysis for MEX:ANET

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN3,166.13
Price
MXN2,441.23
GF Value