Arista Networks (ANET) Revenue — Quarter Ended Dec 31, 2023
Arista Networks reported higher revenue for the quarter. The result improved both sequentially and compared with the same period last year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Arista Networks reported higher revenue for the quarter. The result improved both sequentially and compared with the same period 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
+2.1%
Change from the immediately preceding quarter.
Year-over-year
+20.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.9B
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 |
|---|---|---|
| Mar 31, 2023 | $1.4B | +54.1% |
| Jun 30, 2023 | $1.5B | +38.7% |
| Sep 30, 2023 | $1.5B | +28.3% |
| Dec 31, 2023 | $1.5B | +20.8% |
Revenue performance
Revenue grew at a modest pace from the prior quarter, continuing the upward trend seen earlier in the year.
Quarterly comparison
Compared with the same quarter a year ago, revenue posted a solid increase, reflecting sustained demand.
What to watch
The sequential growth rate was relatively modest following a period of flat revenue in the preceding quarter.