Arista Networks (ANET) Revenue — Quarter Ended Jun 30, 2023
Revenue increased in the current quarter. The growth rate moderated compared to the prior quarter and the same quarter last year.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased in the current quarter. The growth rate moderated compared to the prior quarter and the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
+8.0%
Change from the immediately preceding quarter.
Year-over-year
+38.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.3B
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 |
|---|---|---|
| Sep 30, 2022 | $1.2B | +57.2% |
| Dec 31, 2022 | $1.3B | +54.7% |
| Mar 31, 2023 | $1.4B | +54.1% |
| Jun 30, 2023 | $1.5B | +38.7% |
Revenue performance
Reported revenue rose from the immediately preceding quarter. The year-over-year comparison also showed an increase, though the pace of growth was lower than in recent quarters.
Quarterly comparison
Sequentially, revenue improved from the prior quarter. On an annual basis, revenue was higher than the same quarter one year earlier, continuing a multi-quarter trend of expansion.
What to watch
The sequential growth rate declined from the prior quarter's level, warranting attention to the trajectory of revenue expansion.