Arista Networks (ANET) Cost of Revenue (2013 - 2026)
Arista Networks (ANET) posted Cost of Revenue of $1.1 billion for Q2 2026, up 9.03% on a QoQ basis from $1.0 billion in Q1 2026, and up 46.88% year-over-year from $766.2 million in Q2 2025.
Analysis
Arista Networks (ANET) Cost of Revenue (2013 - 2026) Analysis & Trends
Arista Networks has reported Cost of Revenue for 14 years, with the latest figure at $1.1 billion in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 46.88% year-over-year to $1.1 billion in Q2 2026; TTM through Jun 2026 was $3.9 billion, a 37.14% increase from a year earlier, with the FY2025 full-year figure at $3.2 billion, up 28.87% from the prior year.
- Cost of Revenue was $1.1 billion for Q2 2026 at Arista Networks, up from $1.0 billion in the prior quarter.
- The five-year high for Cost of Revenue was $1.1 billion in Q2 2026, with the low at $323.2 million in Q1 2022.
- Average Cost of Revenue over 5 years is $657.9 million, with a median of $584.0 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: Cost of Revenue jumped 72.84% in 2022, then grew 3.2% in 2024.
- Over 5 years, Cost of Revenue stood at $506.9 million in 2022, then climbed by 6.76% to $541.2 million in 2023, then gained by 29.23% to $699.4 million in 2024, then jumped by 32.11% to $924.0 million in 2025, then rose by 21.8% to $1.1 billion in 2026.
- The last three Cost of Revenue figures came in at $1.1 billion (Q2 2026), $1.0 billion (Q1 2026), and $924.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 362.97 Bn | 351.40 Bn | 9.83 Bn | 37.14 Bn |
| 2 | Arista Networks | 251.55 Bn | 238.20 Bn | 1.91 Bn | 1.13 Bn |
| 3 | Sandisk | 238.47 Bn | 233.71 Bn | 7.58 Bn | 1.38 Bn |
| 4 | Seagate Technology Holdings | 188.28 Bn | 186.57 Bn | 1.90 Bn | 1.73 Bn |
| 5 | Western Digital | 161.43 Bn | 159.85 Bn | 2.03 Bn | 1.72 Bn |
| 6 | Hewlett Packard Enterprise | 82.45 Bn | 76.23 Bn | 4.93 Bn | 7.29 Bn |
| 7 | NetApp | 39.14 Bn | 35.57 Bn | 1.42 Bn | 606.00 Mn |
| 8 | Everpure | 32.71 Bn | 31.71 Bn | 811.39 Mn | 374.51 Mn |
| 9 | Super Micro Computer | 26.34 Bn | 18.82 Bn | 1.94 Bn | 9.18 Bn |
| 10 | Penguin Solutions | 2.62 Bn | 2.38 Bn | 133.21 Mn | 345.50 Mn |
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 |