Arista Networks (ANET) Revenue — Quarter Ended Sep 30, 2024
Revenue increased in the quarter, reflecting continued business expansion. Both sequential and year-over-year comparisons showed growth.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased in the quarter, reflecting continued business expansion. Both sequential and year-over-year comparisons showed growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
+7.1%
Change from the immediately preceding quarter.
Year-over-year
+20.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.6B
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, 2023 | $1.5B | +20.8% |
| Mar 31, 2024 | $1.6B | +16.3% |
| Jun 30, 2024 | $1.7B | +15.9% |
| Sep 30, 2024 | $1.8B | +20.0% |
Revenue performance
Revenue rose compared to the immediately preceding quarter, indicating sustained momentum in the period.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was also higher, extending the upward trend.
What to watch
Deferred revenue increased notably, which may signal future revenue recognition.