Arista Networks (ANET) Revenue — Quarter Ended Mar 31, 2023
Arista Networks reported higher revenue for the quarter ended March 31, 2023, compared to both the prior quarter and the same quarter a year ago. The sequential growth was modest, while the year-over-year increase was substantial.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Arista Networks reported higher revenue for the quarter ended March 31, 2023, compared to both the prior quarter and the same quarter a year ago. The sequential growth was modest, while the year-over-year increase was substantial.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
+5.9%
Change from the immediately preceding quarter.
Year-over-year
+54.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.1B | +48.7% |
| Sep 30, 2022 | $1.2B | +57.2% |
| Dec 31, 2022 | $1.3B | +54.7% |
| Mar 31, 2023 | $1.4B | +54.1% |
Revenue performance
Revenue for the quarter rose from the immediately preceding quarter, marking a continuation of the upward trend seen in recent periods. The year-over-year performance showed a strong acceleration relative to the same quarter one year earlier.
Quarterly comparison
Compared to the prior quarter, revenue increased at a moderate pace, while the comparison with the same quarter last year reflected a much larger gain. This pattern indicates a deceleration in sequential growth but a sustained high year-over-year rate.
What to watch
The sequential growth rate has narrowed compared to the prior quarter's change, which could warrant monitoring for any further deceleration in the coming quarters.