Arista Networks (ANET) Cost of Revenue (2013 - 2026)
Arista Networks' Cost of Revenue was $1.13 billion in Q2 2026, up 46.9% from $766.2 million a year earlier and up 9.0% from the prior quarter.
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Analysis
Arista Networks (ANET) Cost of Revenue (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Arista Networks' Cost of Revenue was $3.9 billion through Jun 30, 2026, up 37.1% year-over-year; for FY2025, it was $3.24 billion, up 28.9% from FY2024.
- Cost of Revenue has now increased for five consecutive years, with a five-year compound annual growth rate of 31.1% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $2.51 billion in FY2024 (+12.6%), $2.23 billion in FY2023 (+30.7%), $1.71 billion in FY2022 (+59.8%) and $1.07 billion in FY2021 (+27.7%).
- The Q2 2026 figure marks the highest quarterly Cost of Revenue in data going back to Q2 2013.
- Compared with a year earlier, Cost of Revenue has increased for 23 straight quarters, with growth averaging 30.9% over the last eight quarters.
- The year-over-year growth in Cost of Revenue has ranged between 3.2% (Q2 2024) and 72.8% (Q3 2022) over the last five years.
- Per Business Quant data, ANET's Cost of Revenue in the three quarters before Q2 2026 was $1.03 billion (Q1 2026), $924 million (Q4 2025) and $818.1 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,874.86 Bn | 4,622.35 Bn | 54.77 Bn | 54.65 Bn |
| 2 | Cisco Systems | 442.74 Bn | 378.67 Bn | 11.06 Bn | 6.19 Bn |
| 3 | Dell Technologies | 360.03 Bn | 315.78 Bn | 9.83 Bn | 37.14 Bn |
| 4 | Arista Networks | 261.51 Bn | 214.96 Bn | 1.91 Bn | 1.13 Bn |
| 5 | Sandisk | 251.12 Bn | 239.64 Bn | 7.58 Bn | 1.38 Bn |
| 6 | Seagate Technology Holdings | 192.54 Bn | 187.54 Bn | 1.90 Bn | 1.73 Bn |
| 7 | Western Digital | 149.92 Bn | 138.05 Bn | 2.03 Bn | 1.72 Bn |
| 8 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 11.27 Bn |
| 9 | Lumentum Holdings | 96.17 Bn | 87.98 Bn | 477.30 Mn | 509.80 Mn |
| 10 | Hewlett Packard Enterprise | 92.09 Bn | 69.97 Bn | 4.93 Bn | 7.29 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.13 Bn |
| Mar 31, 2026 | 1.03 Bn |
| Dec 31, 2025 | 924.00 Mn |
| Sep 30, 2025 | 818.10 Mn |
| Jun 30, 2025 | 766.20 Mn |
| Mar 31, 2025 | 728.70 Mn |
| Dec 31, 2024 | 699.40 Mn |
| Sep 30, 2024 | 649.20 Mn |
| Jun 30, 2024 | 593.20 Mn |
| Mar 31, 2024 | 570.00 Mn |
| Dec 31, 2023 | 541.22 Mn |
| Sep 30, 2023 | 567.04 Mn |
| Jun 30, 2023 | 574.80 Mn |
| Mar 31, 2023 | 546.84 Mn |
| Dec 31, 2022 | 506.95 Mn |
| Sep 30, 2022 | 466.82 Mn |
| Jun 30, 2022 | 408.63 Mn |
| Mar 31, 2022 | 323.22 Mn |
| Dec 31, 2021 | 301.75 Mn |
| Sep 30, 2021 | 270.08 Mn |
API Access
Arista Networks Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ANET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ANET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ANET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();