Arista Networks (ANET) Revenue — Quarter Ended Sep 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 Sep 30, 2023 · FY2023 Q3
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
+3.5%
Change from the immediately preceding quarter.
Year-over-year
+28.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.6B
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 |
|---|---|---|
| Dec 31, 2022 | $1.3B | +54.7% |
| Mar 31, 2023 | $1.4B | +54.1% |
| Jun 30, 2023 | $1.5B | +38.7% |
| Sep 30, 2023 | $1.5B | +28.3% |
Revenue performance
Revenue rose from the immediately preceding quarter. The year-over-year comparison also showed an increase.
Quarterly comparison
The sequential increase was smaller than the prior quarter's gain. The year-over-year growth, while still positive, was lower than the rate reported in the same quarter a year earlier.
What to watch
The deceleration in both sequential and year-over-year growth rates may warrant attention in future quarters.